UK Export Finance (UKEF), the export credit agency of the British government, has secured a 20% budget hike as part of new spending plans designed to boost support for UK… read more →
Your Monday morning coffee briefing from TFG: COP26 gets underway, with a Denmark-led agreement on low-carbon shipping, and a UK emissions disclosure agreement in the making.
Gunvor USA, a subsidiary of Swiss commodities trader Gunvor Group, has closed the syndication of its $1.33 billion borrowing base credit facility. The facility includes a $500 million accordion feature,… read more →
Bank of England (BoE) Governor Andrew Bailey has hinted that UK companies may soon be made to disclose carbon emissions data as part of the country’s push to reach net zero by 2050.
The Bank of England has surprised investors today by voting against a rise in its benchmark interest rate, which would have been its first since August 2018.
A new report by Euler Hermes has found that the UK economy is “trapped by policy choices” going into the end of 2021 and beginning of 2022.
An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Led by Denmark, the ‘Declaration on Zero Emission… read more →
Baris Kalay, head of trade and supply chain finance for Europe, Middle East, and Africa (EMEA) at Bank of America, caught up with TFG’s Deepesh Patel at ITFA’s Annual Conference held in Bristol, England.
US investment bank Citi has launched its first sustainability-linked supply chain finance (SSCF) programme in Asia-Pacific. Through the SCCF programme, Citi aims to support clients as they advance ESG priorities,… read more →
Your morning coffee briefing from TFG. Boris Johnson warns there is ‘huge way to go’ at COP26. Rishi Sunak announces new UK budget. New podcast episode with Pole Star and CarbonChain on partnership. SMEs need $50tn investment to meet global net zero goals, says new HSBC, BCG report. And TFG hears from ITFA’s Paul Coles on Structured LCs, MRPAs and the LIBOR transition.