Global News

Greensill files cross-claim against insurers over disputed Liberty Commodities trades

Greensill has filed a cross-claim in Australia seeking payment for insurance claims totalling US$146mn, part of a legal battle over Liberty Commodities receivables allegedly …

Global / 29-03-23 / by John Basquill

GuarantCo closes first credit insurance-backed syndication transaction

International development finance institution GuarantCo has closed its first syndication transaction backed by a credit insurer. Lloyd’s of London insurer Canopius provided the non-payment …

Global / 28-03-23 / by Jenny Messenger

Bank financing robust despite nickel fraud concerns, Trafigura says

Trafigura says there has not been any structural change in banks’ appetites for financing nickel trading, despite it falling foul of a major fraud …

Global / 21-03-23 / by John Basquill

OECD Arrangement participants fail to clinch modernisation deals

A meeting of the OECD Arrangement on export credits ended last week without an announcement of a breakthrough on any key planks in its …

Global / 15-03-23 / by Jacob Atkins

Global banks to collaborate on fighting “pervasive” trade finance fraud

The International Trade and Forfaiting Association (ITFA) will lead efforts to cut out double financing fraud, identify technology vendors and produce best practice guidelines, …

Global / 15-03-23 / by John Basquill

Lenders turned down TMT Metals in 2021, rates ‘made no commercial sense’

TMT Metals, one of the traders Trafigura has accused of participating in a “systematic” fraud scheme, was turned away by lenders in 2021 after …

Global / 08-03-23 / by John Basquill

WTO stays glum on trade prospects

Global goods trade is in for a bumpy ride, the World Trade Organization (WTO) says, with key indicators of trade growth flashing red despite …

Global / 08-03-23 / by Jacob Atkins

Trade policy starting to do better on gender, says UNCTAD

As the reciprocal relationship between trade and gender has started to receive increased attention, those responsible for trade policy have moved from being gender-blind …

Global / 08-03-23 / by Eleanor Wragg

“Banks are back”: financiers grow market share in record year for commodities

Financial institutions are being tempted back to the commodities market after a long period of retreat, with price volatility and shifting global trade flows …

Global / 08-03-23 / by John Basquill

Key commodities trade exceeds WTO forecasts despite war in Ukraine

Trade in key commodities remained “remarkably resilient” during 2022 despite the fallout of Russia’s invasion of Ukraine, with importers finding alternative sourcing markets for …

Global / 01-03-23 / by John Basquill