The outlook for global trade has deteriorated sharply due to a surge in tariffs and trade policy uncertainty (TPU), says World Trade Organization's (WTO) Global Trade Outlook report. Based on measures in place as of April 14, including the suspension...
Banks have warned that prolonged US tariffs are likely to damage the economy, but say disruptions to supply chains may provide a short-term boost to trade finance. US President Donald Trump’s 145% tariffs on Chinese imports as well as...
Swift has launched a case management service for investigating payment defaults that it claims could save its member banks millions of dollars in operational costs and significantly reduce the time it takes to identify and resolve issues when international...
The Japan Bank for International Cooperation has agreed to help finance the acquisition of a coal mine in Australia by JFE Steel, lending ¥34.2bn (US$240mn) to bolster the supply of coking coal for Japan’s steel industry. The deal, altogether worth...
Leading trade finance technology and software company Komgo just announced its new flagship product, a next-generation business application for trade finance. The web-based solution, called Global Trade Konnect (GTK), was conceived as a combination of Komgo’s most successful products over...
The financing supports Sun Capital Partners' acquisition of the leading marine and RV aftermarket parts distributor. Wingspire Capital is pleased to provide a $32.5 million revolving line of credit to Northern Wholesale Supply, LLC, which is a leading distributor of...
Sovereign wealth fund Danantara Indonesia and the Qatar Investment Authority (QIA) will jointly manage a US$4 billion fund to invest in projects aimed at accelerating Indonesia's economic development. Indonesia and Qatar will each contribute US$2 billion to the fund, which...
The central bank moves to counter Trump’s tariff threats and mounting economic uncertainty. The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fuelled by President Donald Trump’s tariff onslaught. The bank’s move...
Weaker global growth, higher inflation, uncertainty add risk. Emerging markets face growing risks from the fallout of a global trade war and intensifying U.S. policy uncertainty, says Fitch Ratings. In a new report, the rating agency said that the global economic...
Beijing has put boosting consumption as the top priority this year as they try to cushion the impact of the Trump administration’s tariffs on its trade sector. China’s first-quarter economic growth outstripped expectations, underpinned by solid consumption and industrial output,...
