Trafigura, Natixis, and IBM launch new blockchain ledger geared for crude oil trade finance. They say every party in the payment ecosystem will be able to access it and benefit from the technology
As the Regional Comprehensive Economic Partnership moves towards a pan-regional economic agreement, a think tank pushes it to copy the TPP approach to rules of origin as time runs short before the trade bloc goes live.
The recently ratified Trade Facilitation Agreement is intended to reduce the cost of trade 14.3% globally by improving customs procedures. It could inadvertently help cut painful compliance burdens, also.
The former pariah state hopes to boost its economy by giving foreign banks scope to lend to exporters. Bankers say the development would aid MNCs in the country, but need clarity from the government.
Singapore’s central bank plans to free up bank capital with the launch of a trade finance trading platform. How this will benefits treasurers remains unclear.
As Donald Trump looks to pull out of the Trans-Pacific Partnership, the remaining nations have three options available to them to salvage the situation. Either way, access to trade finance will continue to suffer.
Knock-on effects of US president's "war" on financial regulation could see Europe pull away from implementing banking regulations. For Asia-based treasurers, that could mean easier access to trade finance and simpler ...
The bank signs a memorandum of understanding with General Electric and the Trade Bank of Iraq, a sign counterparties are ready to help companies finance Iraqi projects.
Days left to respond to RBI's MNC FX derivatives plans; China to take hold of shadow banking OTC market: IFRS mulls financial statement changes... and more.
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