UK Public Is Borrowing Less – But Economic Fears Could Reduce Spending
Not everything that came along with the COVID 19 crisis was an affliction, at least for the UK public. The times that we are presently living in are in no way normal. The public activity that we are witnessing with context to expenditure is also not normal. When the interest rates are being reduc...
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...
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 ...
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 According to experts, if the special trade privileges of Hong Kong stood rescinded, it would certainly wear away the city as a global f...
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 ...
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...
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...
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...
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 ...
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...
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World Trade Board Endeavors To Increase SMEs Access To Trade And Finance
Euromoney Named SABB As Market Leader In Trade Finance In Saudi Arabia
ITFA Introduced New Fraud Prevention Working Group in Trade Finance
ING Rigids Oil And Gas Funding To Include Trade Finance, Midstream
Japan Joins WTO Trade Arbitration Alternative To Resolve Disputes
Indonesian Bank Streamlines Trade Finance Processing With Surecomp
With the debt of €5.2m Marco Polo Network Operations declared as insolvent!