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 ...

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

The GTR Leaders in Trade awards highlight excellence in the trade, commodity, supply chain, export finance and fintech markets. The winners in each category are based on submissions sent to GTR. Where ...

Two units of agricultural commodity trading giant Olam Agri have clinched a US$1.85bn facility incorporating both conventional and Islamic financing, backed by a group of international lenders. The ...

Turkish home appliance manufacturer Beko has agreed to explore commercial opportunities with Italian businesses after closing a €125mn facility with Italy’s export credit agency, Sace, and two banks.

The Japan Bank for International Cooperation has agreed to help finance the acquisition of a coal mine in Australia by JFE Steel, lending ¥34.2bn (US$240mn) to bolster the supply of coking coal for ...