News

  • 03.06.2020

    Cash Payments Fall 15% As Half Of The UK Transactions Are Made In Cashless

    The 21st century has taken digitization to its peak and advanced technology is better than ever before. The revolutionary smartphone technology has brought significant changes to our lifestyle. From payments to shopping, everything is perpetrated on smartphones. As a result, the UK economy is exp...

  • 02.06.2020

    Post Coronavirus, China Looks Set To Grow While The Rest Of The World Contracts

    The relation between the United States and China is on the verge of a break-off. Many analysts have provided hints on the emerging global landscape since the annual parliamentary meeting in China had come to an end. The week-long meetings concluded on sending powerful indications to its citizens ...

  • 01.06.2020

    Hong Kong: China-US tensions put Asia's financial hub at risk

    Hong Kong, discerned as one of the leading financial cores across the globe, is on the verge of doom because of the geopolitical conflict between the USA and China. According to experts, if the special trade privileges of Hong Kong stood rescinded, it would certainly wear away the city as a global f...

  • 28.05.2020

    CDC Group unveils record levels of trade finance to Africa and South Asia

    A UK impact investor and development finance institution has declared openly a record month for the trade guaranteed program. This program includes 350 transactions and $500 million guarantees for the month of March. It is an extension of a $100 million trade loan to one of the leading banks of ...

  • 14.05.2020

    World's Best Banks 2020: Asia-Pacific

    It almost goes without saying that the “AC” era (after Covid-19) that beckons at some point in the coming months will be resoundingly different from the sudden and extreme economic slump now unfolding. But even last year, banks in the Asia-Pacific region were wrestling with a range of challenges...

  • 12.05.2020

    DBS To Join Contour's Network As The First Singapore Bank

    DBS is set to be the first lender bank to join the contour’s network to provide its customers with a letter of credit (LOC) settlement. The contour’s network is actually a blockchain service from Corda. It is also known as the Corda Network and it can lessen the settlement period. The Corda Netw...

  • 07.05.2020

    Vietnam’s HDBank joins HSBC, StanChart-backed Contour trade finance blockchain

    HD bank becomes the first bank in Vietnam to join the open trade finance network in order to enhance trade financing to other corporates. This Vietnamese financial institution is a new addition to the Contour network. In December 2019, HD bank had overall VND 229 trillion, i.e., $9.8 billions wor...

  • 04.05.2020

    ICC provides guidance to the trade finance market to address COVID-19 disruptions

    The International Chamber of Commerce (ICC) has issued a couple of guideline publications for the governments of different countries to deal with the imbalance of the trade finance market due to the outbreak of the COVID-19 pandemic. In these guideline publications, it has holistically addressed ...

  • 28.04.2020

    From competition to collaboration: Supporting international trade through a crisis

    The COVID 19 pandemic is not only posing threat to humans' lives but also to the economy. This year has been the worst for global trades and new alliances are needed in order to ameliorate supply chain commotions and rift of trade flow. In the last few months, COVID-19 has expanded from Asia to A...

  • 07.04.2020

    The Great Lockdown: Worst Economic Downturn Since the Great Depression

    The trying times, which we are right in the midst of, are in no way close to normal. The new normal that we are forced to migrate is the initial aftermath of something worse than the great depression. The great lockdown has shunned every aspect of human life into complete dismay. But none has re...

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