A critical trade route between Kenya and South Sudan will be upgraded after the two nations inaugurated the project with the support of $500 million World Bank Group...

The benefits of Singapore being a commodities trading hub for Asia have been recognised in a new report. Businesses have cited Singapore's marketplace - with 60 to...

Hong Kong-headquartered Noble Group has hired former Trafigura executive Wael Amer as the group continues to restructure its operations. Based in Dubai, Amer will help...

The global economy finds itself in an exceptional position: while world GDP continues to grow at a healthy rate, world trade is declining and facing some gusty headwinds....

China has today officially launched its new global clearing platform for real time renminbi (RMB) settlement, known as the Cross Border Interbank Payment System (CIPS),...

Italian export credit agency SACE has collaborated with Deutsche Bank on a financing in support of one of the major contracts won in 2014 by Bottero, the Italian...

India's IDFC Bank has chosen the leading financial software company Misys' FusionBanking Trade Services and FusionCapital Kondor to underpin its trade finance...

Ukraine is confident of getting $300 million from the European Bank for Reconstruction and Development (EBRD) for gas purchases, according to Volodymyr Demchyshyn, the...

Olam Ghana has taken over operations of cocoa paste manufacturing company Archer Daniels Midland (ADM) Ghana in a $1.3 billion deal. The move sees Olam add to its...

Banks, rather than “thinly-capitalised” fintech providers, are still best placed to provide supply chain finance (SCF) programmes to corporate buyers, Citi’s EMEA supply...

Vitol - the world's largest independent energy trader - has signed credit facilities worth a record $8 billion. The facilities, from 57 banks, were raised after...

Satellite Industry Association President Tom Stroup has urged US Congress to re-authorize the Export-Import Bank of the United States. He said the country had missed out...

Singapore-based food trader Olam International says global supplies of coffee will shrink before the next crop in Brazil, the world's largest producer. Consumers have...

French bank Societe Generale has formed a new unit to advise on infrastructure projects in Australia, and appointed Marie Vinnell as director of the team. Vinnell will...

The Asian Development Bank’s Trade Finance Program (TFP) and Cooperative Bank (CB Bank) have sealed a deal for the TFP to give up to $12 million of guarantees a...

Oussama Abdel Rahman Kaissi has been appointed chief executive officer of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) - the...

Commodity trading house Vitol has signed syndicated revolving credit facilities (RCF) totalling $8 billion. The loans, being provided by a total of 57 banks, are the...

India’s newly-formed IDFC Bank has selected financial software company Misys as its preferred partner for its treasury and trade-related services. Under the agreement,...

The Chinese RMB has overtaken the Japanese Yen to enter the top four of world payment currencies with a record high share of 2.79% in global payments, SWIFT's RMB...

London-headquartered Standard Chartered has the greatest exposure among European banks to commodity traders, with $1.9 billion of syndicated loans, according to...