Mars UK is changing its business payment terms, doubling the length of time it can take to pay suppliers to 120 days from 60 days.

Western banks continue to make inroads in the provision of cash management structures and solutions for their clients operating in the Shanghai Free Trade Zone (FTZ).

The African Development Bank (AfDB) has approved a $1 billion loan for the Angola Power Sector Reform Support Programme.

Citigroup has sacked 12 members of staff in relation to the suspected fraud at its Mexican banking unit that led the group to revise its 2013 income down by $235 million.

Russian metals and mining company Norilsk Nickel has signed a $200 million unsecured loan with ING Commercial Bank (Russia).

Swedish Export Credit Corporation (SEK) and Bank of China (BoC) have entered into a €100 million master export credit facility agreement specifically related to the...

The Royal Bank of Scotland (RBS) has launched renminbi (RMB) cross-border cash pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone...

At a board meeting of a top 20 multinational corporation, the question of whether to invest $50 million in a project in a Middle Eastern Country was discussed. The...

Malta-headquartered FIMBank has appointed Maarten van Alkemade as head of its trade finance department. A Dutch national, van Alkemade joins FIMBank from Coalogic,...

the role of head of financial institutions (FI) regional unit London. Her responsibilities will be to, drive the FI portfolio and work with new and existing clients....

Commodity producers, traders and financiers gathered in Amsterdam last week for TXF's inaugural Natural Resources & Commodities Finance conference. Held at the Beurs van...

The Chinese and Kenyan governments have signed an agreement whereby Chinese contractors will build a new rail link between the Indian Ocean port of Mombasa and the Kenyan...

Jamaica’s first digital agricultural clearing house using SMS to Web technology will launch in August, connecting small farmers with buyers.

ABN AMRO has promoted Jacqueline Chang to the newly created role regional head of commodities Asia, as part of an expansion of the bank’s global commodities activities...

East Africa-focused microfinance platform Musoni will extend to Uganda by year-end, focusing from the start on rural regions and agricultural finance, according to CEO...

Equinox Global, the Lloyd’s coverholder specialising in trade credit insurance, has moved into a new office in New York and has been approved as Lloyd’s coverholder in...

The German development bank, Deutsche Investitions- und Entwicklungsgesellschaft (DEG) is providing a loan of €3 million ($4.1 million) to the German horticulture company...

Scobie Mackay has been promoted to the position of head, commodity traders and agribusiness, trade finance at Standard Chartered (StanChart)in Singapore.

The African Development Bank (AfDB) has signed an unfunded $50 million risk participation agreement (RPA) with the Union de Banques Arabes et Françaises (UBAF), to...

Trade documentation software specialist Bolero International has appointed Ian Kerr as its new chief operating officer (CEO).