Stubbornly low oil prices are having a dual effect on Japanese trade, with commodity banks taking a hit and exporters making hay.
Data from Thomsons-Reuters this week showed that the Bank of Tokyo Mitsubishi (BTMU) and Sumitomo Mitsui Banking Corporation (SMBC) were among eight banks with regional exposure to commodity financing amid plummeting oil and copper prices.
The reports showed that the group of banks have commodity lines totalling US$23bn.
The Central Bank of Iran’s (CBI) announcement that the country has stopped using US dollars for trade is unlikely to have a large impact on the industry.
Insolvencies are to increase in China, Hong Kong and Taiwan this year, with traders facing challenges in accessing finance.
Bernd Papenstein is set to replace Andreas Klasen at the head of German ECA Euler Hermes.
HSBC has promoted Adrian Rigby to the newly-created position of chief commercial officer (CCO) of the GTRF team.
For the first time in a lifetime, fears were raised last year over the health of Germany’s exports sector. Finbarr Bermingham asks whether we should start to get worried.
Biomass is valued in the renewable energy mix for its constant supply, but small, local plants close to their feedstock remain the easiest to finance, writes Sarah Rundell.
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