HSBC introduces seven-day cash concentration solution
HSBC has launched a cash concentration solution for its corporate clients to manage their in-country liquidity seven days a week.
Global business insolvencies set to rise for fifth consecutive year, warns new Allianz Trade report
Allianz Trade, a trade credit insurance provider, has released its latest Insolvency Report with updated forecasts for 2025 and 2026.
European Commission seeks approval for EU-Singapore agreement on digital trade
3 February 2025 The European Commission is seeking approval to sign its first digital trade agreement with Singapore. If authorised
MonetaGo and Oracle collaborate to combat trade finance fraud
MonetaGo, the fraud prevention technology provider, has struck a deal with Oracle Financial Services to integrate its risk mitigation platform
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Bank of Korea lowers interest rates to support slowing economy
The Bank of Korea (BOK) cited weakening consumer sentiment and external pressures, including trade uncertainty and global monetary trends, as key factors in its decision. Analysts widely expected the move, which brings the policy rate to its lowest level since mid-2022.
EBRD and Sullivan & Worcester expand SCF offering in Türkiye and Romania
Sullivan & Worcester has advised the European Bank for Reconstruction and Development (EBRD) on two supply chain finance (SCF) initiatives in Türkiye and Romania, to provide financial support for regional economic recovery.
Biden-era investigation fuels Trump’s latest China trade crackdown
The US Trade Representative (USTR) has unveiled a proposal to impose steep fees on Chinese-built and operated vessels calling at American ports, marking the latest escalation in trade tensions between Washington and Beijing.