Asia News

HSBC debuts embedded point of sale B2B finance

HSBC has launched point-of-sale financing for business-to business (B2B) transactions, partnering with Hong Kong-based digital freight logistics platform FreightAmigo for the first roll-out of …

Asia / 24-05-23 / by Eleanor Wragg

North Korea scaling up vessel acquisition to dodge fuel import cap, UN claims

North Korea is accused of a “substantial breach” of restrictions on annual fuel imports, with UN officials finding it has rapidly accelerated its acquisition …

Asia / 17-05-23 / by John Basquill

US Exim backs Indonesian oil refinery amid climate fears

The Export-Import Bank of the United States (US Exim) has approved a transaction supporting the expansion of an Indonesian oil refinery, drawing criticism from …

Asia / 17-05-23 / by Jenny Messenger

Chubb loses payout appeal over metals heist

Insurance giant Chubb has lost its bid to overturn a court ruling that it should pay US$1.15mn to a commodity trader which fell victim …

Asia / 03-05-23 / by Jacob Atkins

Mercuria launches Apac energy transition borrowing base with Komgo

Global commodities trader Mercuria has launched an Asia Pacific energy transition borrowing base facility worth US$175mn, in partnership with trade finance platform Komgo. The …

Asia / 03-05-23 / by Eleanor Wragg

Gunvor US$600bn fuel trading facility to use digital reporting, monitoring

Gunvor Singapore has secured a US$600mn borrowing base facility in support of its Asian oil business, with Komgo deployed as a digital agent for …

Asia / 02-05-23 / by John Basquill

Citi completes Contour’s first blockchain-enabled LC in India

Citi India’s treasury and trade solutions business has completed Contour’s first domestic end-to-end blockchain-enabled letter of credit (LC) transaction in the South Asian country. …

Asia / 19-04-23 / by Jenny Messenger

Insurer BCC settles case with Marketlend over disputed commodity trades

Australian trade finance platform Marketlend has reached a settlement with Bond & Credit Company (BCC) in a landmark case over cover for commodity trades, …

Asia / 12-04-23 / by John Basquill

Viterra secures sustainability-linked trade finance facility from DBS

Singapore’s DBS has provided a US$50mn trade finance facility to Glencore subsidiary Viterra, linked to sustainable sourcing of palm oil products. Under the working …

Asia / 13-03-23 / by Jacob Atkins

Asia Pacific corporates embracing nearshoring, says HSBC

Corporates in the Asia Pacific (Apac) region are bringing production and sourcing closer to home as they seek both to mitigate the risk of …

Asia / 01-03-23 / by Eleanor Wragg