Skuchain receives funding to develop digital letter of credit
Californian firm Skuchain has received funding from several venture capital firms (VS) as it seeks to develop a digital letter of credit using blockchain...
Californian firm Skuchain has received funding from several venture capital firms (VS) as it seeks to develop a digital letter of credit using blockchain...
Goldman Sachs’s analysts have downgraded manufacturer Caterpillar from "Neutral" to their “Sell” rating with a $51 price target, indicating...
Two South African miners Anglo American and Lonmin are set to cut a total of 9,000 jobs between the two firms. Around 4,000 roles are to go in Anglo’s iron...
After nearly 70 years as France's ECA Coface is set to transfer the handling of state export credit guarantees to French public investment bank, Bpifrance. The move will...
2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance...
Telefonica has tapped the export finance market for an innovative, catch-all facility to finance the mass procurement plans of its global subsidiaries. The Spanish...
Ex-Liberal Democrat Treasury minister Danny Alexander is set to land a top role at the new China-led Asian Infrastructure Investment Bank (AIIB) - although not...
The World Bank has reduced its price forecast for 80% of the world's major commodities. Oil prices fell by 47% last year and are expected to decline, on an annual...
Kenya's $680 million credit facility with the International Monetary Fund (IMF) has been extended to March. The country secured the 12-month loan in February last...
The International Finance Corporation (IFC) is providing a trade finance facility to the National Bank of Kuwait (NBK) - Egypt to support its trade operations. It aims...
A partnership founded by Simon Greenshields, the former co-head of commodities at Morgan Stanley, has bought US-based Phibro - once the 'largest physical commodity...
America has relaxed its rules for financing certain exports to Cuba. Some industries will now be able to arrange competitive export packages from the US, whereas...
Japan and China are increasingly being pitted against one another in the fight to win orders for infrastructure development. Demand for the projects is set to increase...
The Russian Agency for Export Credit and Investment Insurance (EXIAR) has signed a deal with the country's Resource Group of Companies to insure the export of...
UK bank Barclays made its entire London export finance team redundant last Friday, 22 January 2016, amid a wider cull of the bank’s investment banking division.
SACE, Italy's export credit agency, has signed an agreement with Iran to recover €564 million in credit - a move which lays the foundations for reviving...
Euler Hermes has become the first trade credit insurer in America to offer a customised product to protect micro and small businesses from the risk of not being paid...
Trade may have been a key driver of global growth for developing countries and emerging markets but is the current pace and direction less helpful for development? And...
The Asian Development Bank (ADB) approved a record $2.6 billion of new financing and investments for the private sector in 2015, a 37% increase from a year earlier and...
PetroQuest Energy, a US-based independent oil and natural gas company, has seen the borrowing base on its credit facility drop from $55 million to $42 million.