Ford Motor Co has chosen SAP Ariba's cloud-based procurement applications to manage its indirect spend. The solutions will enable the automotive company to integrate...

Peruvian transport minister has told of German government interest in financing a rail link from land-locked Bolivia to a port in southern Peru.  

Procurement professionals such as CPOs are dissatisfied with the data and risk technologies available to them, according to a new report by Consero. Fifty-four percent of...

The 230,000- barrel-a-day Omani refinery project is being advised on how to raise $2 billion. Oman Oil and Kuwait Petroleum each have 50 percent ownership in...

TBEA China and China CAMC were the technically-compliant bids for the 300km Mozambique-Zimbabwe-South Africa transmission line.  Bids of $124.5 million and $134.5...

A court has ruled that Brazilian oil giant Petrobras can proceed with its divestment programme. But the company must restart the process except for two projects - the...

Singapore fintech start-up INVICTUS will tap IBM Cloud and blockchain technologies for its Order, Logistic and Payment (OLP) platform. It is also working with the IBM...

Tungsten has launched its eInvoicing services in India, allowing its users to send and receive invoices across the country and generate legal invoices for goods across...

New York-based global law firm Hughes Hubbard & Reed has hired Dean Pinkert as a partner in its International Trade Group. Pinkert was most recently a commissioner on...

Cross-border payments company Flywire has officially launched a B2B payments processing and receivables solution after testing it with a small group of clients.

Corporate treasurers in South Africa, particularly those with access to treasury cloud technology, are introducing more sophisticated hedging strategies in the face of...

Frost & Sullivan has recommenced that greater autonomy is required to revamp India's Directorate General of Foreign Trade (DGFT) in order to boost and regulate...

The potential depreciation of the renminbi (RMB), along with the implementation of capital flow measures, are longstanding concerns for China, according to trade credit...

China's Zhongxing Telecommunications Equipment Corporation (ZTE) has agreed to pay over $892.3 million in fines and civil penalties to settle claims it violated US...

Russian aluminium producer Rusal is yet to launch a refinancing of its pre-export finance (PXF) facility despite a number of meetings with banks. The miner has...

UK Export Finance (UKEF) has hired Davinder Mann to lead the group's legal division. She has been at UKEF since 2009, having joined from Linklaters' energy and...

The global factoring market dropped last year to €2.355 billion from €2.367 billion in 2015, according to Factors Chain International. Many markets showed...

TXF Africa 2017 is bringing global deal makers to meet African SOEs and corporates. With Asia, North America and Europe ploughing investments into the region, here's...

Indonesian state-owned aluminum producer PT Indonesia Asahan Aluminium (INALUM) is seeking investment partners for the development of a 2x350MW coal-fired power plant in...

Banks in India are betting on blockchain applications but fintech companies are less bullish about the technology's usefulness. Hashcove, for example, last year...