The World Bank has appointed Mizuho banker Tsutomu Yamamoto as managing director of the Multilateral Investment Guarantee Agency (Miga). Yamamoto will take up the role in early December, succeeding ...

When oil-rich South Sudan achieved independence in 2011, it entered the club of nations with a clean financial slate and no government debt. But in the intervening years, many of them marred by a ...

HSBC can continue gaining market share in trade finance despite uncertainty created by US tariffs, chief executive Georges Elhedery has said, as the bank reported a bump in trade revenue in the first ...

The SBTi has released its first net-zero standard for financial institutions, calling for an end to financing fossil fuel expansion.

A Saudi investment firm has been awarded US$4.19mn after a Dubai court ruled Rasmala Investment Bank Limited (RIBL) made a “misrepresentation” about the suitability and financial health of its trade ...

The US government’s shift towards real-time sanctions enforcement for seaborne Iranian oil trade risks leaving banks and commodity traders exposed to high costs and gruelling litigation, researchers ...

Metals and mining conglomerate Metinvest Group has closed a €23.6mn buyer credit facility with Deutsche Bank, backed by Finnvera.

JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank’s digital bill of exchange product. The product, which uses Swedish digital trade fintech ...

HSBC has appointed Runa Baksi as head of Southeast Asia within its Global Trade Solutions (GTS) division, a newly created role. Baksi starts with immediate effect and will oversee the bank’s GTS ...

HSBC has launched a non-recourse receivables finance solution aimed at its large corporate customers, which it says will help reduce their exposure to risk while optimising working capital. Launched ...

Sweden-headquartered fintech Enigio has teamed up with Commerzbank and Siemens to complete a proof-of-concept for a digital ...