Standard Chartered and Linklogis establish JV to drive sustainable trade finance.

Standard Chartered and Linklogis establish JV to drive sustainable trade finance.

Standard Chartered and Linklogis establish JV to drive sustainable trade finance. Joint venture to launch Olea, a digital blockchain-enabled trade finance platform Standard Chartered, a leading international banking group, and Linklogis, a leading supply chain finance technology solution provider in China, today announced a joint venture to establish Olea, a fully-digitised trade finance origination and […]
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HSBC, Barclays and Standard Chartered to expand their fossil fuel business despite all scientific warnings

HSBC, Barclays and Standard Chartered to expand their fossil fuel business despite all scientific warnings

HSBC, Barclays and Standard Chartered to expand their fossil fuel business despite all scientific warnings Climate activist group Market Forces has accused HSBC, Barclays and Standard Chartered of continuing to provide billions of dollars in fresh funding to fossil fuel projects, despite increasingly urgent calls for drastic action on carbon emissions. The organisation, which typically […]
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“Fight to quality” across the banking sector

“Fight to quality” across the banking sector

 “Fight to quality” across the banking sector The commodity finance market is divided. Nervous after a string of fraud scandals and losses during 2020, banks have increasingly restricted financing to smaller trading houses – yet at the larger end of the market, business is booming. In May, agri trading giant Cargill disclosed record earnings to […]
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Singapore Retains Top Spot Amongst World Maritime Centres

Singapore Retains Top Spot Amongst World Maritime Centres

Singapore Retains Top Spot Amongst World Maritime Centres The Xinhua-Baltic International Shipping Centre Development Index, published by Chinese news agency, Xinhua, and global maritime data provider, the Baltic Exchange, has ranked Singapore as the top global shipping centre for the eighth year running. The index is an independent ranking of the performance of locations around […]
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DBS completes first trade finance transactions on Singapore

DBS completes first trade finance transactions on Singapore

  DBS completes first trade finance transactions on Singapore The $25 million transaction, priced off Secured Overnight Financing Rate (SOFR) averages, is an industry milestone as the global interbank offered rate (IBOR) transition gathers pace. DBS has worked on Singapore’s first export financing transaction referencing the US dollar (USD) denominated SOFR, for global food and […]
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The new commitment from the G7 - Transition to paperless trading

The new commitment from the G7 – Transition to paperless trading

The new commitment from the G7 – Transition to paperless trading. A new commitment made by G7 digital and technology ministers to adopt electronic transferable records in international trade transactions has been hailed as a “momentous step forward” for trade digitisation, and businesses are being called upon to get ready for digital trade now – […]
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Refinitiv to provide AI-based market intelligence in Latin America

Refinitiv to provide AI-based market intelligence in Latin America

Refinitiv to provide AI-based market intelligence in Latin America. New York – Refinitiv today announced a new strategic agreement with FinTech Studios, an AI-based news, market intelligence and analytics provider, to provide industry, local and regional news, and research to wealth management professionals across Latin America and beyond. Latin America continues to be a key […]
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Singapore Ratifies RCEP Trade Deal

Singapore Ratifies RCEP Trade Deal

Singapore Ratifies RCEP Trade Deal Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) trade agreement, with plans to implement the accord on the 1st January 2022. This “expeditious ratification”, stated by Chan Chun Sing, Singapore’s Minister for Trade and Industry, signals Singapore’s “strong commitment to strengthening our trade and economic linkages with our partners, […]
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