Transactions between Europe and China using trade finance documents like Letters of Credit, Documentary Collections, or Open Account terms, which used to be paper-based and take as long as two… read more →
According to recent data from the State Administration of Foreign Exchange, the renminbi’s use in China’s cross-border transactions has hit an all-time high. In July 2024, 53% of China’s inbound and outbound transactions were conducted using the renminbi, surpassing the US dollar in China’s international receipts.
There are few regions as pivotal to global trade as the Middle East. The petroleum-rich area is the source of roughly one-third of the world’s oil production. When geopolitical tensions in the Middle East force up oil prices, the whole world catches a cold.
On Wednesday, the European Union announced a 17-38% tariff on Chinese electric vehicles. The tariffs will be introduced by law on 4 July.
Navigating the evolving landscape of supply chain finance in the wake of COVID-19 and geopolitical tensions. Explore key insights from industry experts at the International Finance Corporation’s (IFC) Global Trade Partners Meeting in Barcelona.
In the first quarter of this year, Korea’s exports to the United States exceeded those to China for the first time since the second quarter of 2003.
Supply chains have become global and increasing complexities have made them brittle and dependent, rather than robust and resilient; Covid-19 is a prime example of this.
In 2023, Mexico overtook China as the United States’ largest goods exporter, based on recent trade figures. The Bureau of Economic Analysis, an agency of the US government, reported that… read more →
Due to long mining periods and overblown expectations, industries in the midstream lithium supply chain shoulder the most pressure and are the most fragile in the supply chain.
Alex Gray, Director of Trade and Transaction Banking at the London Institute of Banking & Finance, outlines why the drive for net zero will change trade patterns, why technology could make those changes unpredictable, and how trade professionals can prepare.
