JP Morgan says South African telecommunications provider MTN SA has become the first customer to use the bank’s digital bill of exchange product.   The product, which uses Swedish digital trade ...

The Chinese government has placed an exit ban on FCI chair and Wells Fargo banker Chenyue Mao after she travelled to the country on business, the Wall Street Journal reported.   Mao was elected as FCI ...

A group of NGOs is suing the Export-Import Bank of the United States (US Exim) over its support for a controversial gas project in Mozambique, arguing approvals for a US$4.7bn loan were “rushed ...

HSBC has appointed Runa Baksi as head of Southeast Asia within its Global Trade Solutions (GTS) division, a newly created role. Baksi starts with immediate effect and will oversee the bank’s GTS ...

Dubai-headquartered logistics giant DP World has agreed to invest US$800mn in developing Syria’s Port of Tartus, which officials hope will help rebuild the country’s strategic trade infrastructure. ...

Citi chief executive Jane Fraser says she is “feeling good” about the performance of the bank’s trade unit amid global trade and geopolitical uncertainty, partly because companies are building up ...

Sweden-headquartered fintech Enigio has teamed up with Commerzbank and Siemens to complete a proof-of-concept for a digital trade transaction between Germany and China.  The project entailed ...

Commodity trading giant Vitol has agreed a first-of-its-kind US$240mn iron ore pre-payment facility with a subsidiary of Brazilian mining company Companhia Siderúrgica Nacional (CSN).  Vitol says it ...

HSBC has launched a non-recourse receivables finance solution aimed at its large corporate customers, which it says will help reduce their exposure to risk while optimising working capital.  Launched ...

Metals and minerals trader Traxys has grown the size of its flagship multi-currency syndicated revolving credit facility (RCF), securing US$1.8bn from a group of new and existing lending partners. The ...

Dhaman has agreed to cover US$100mn in credit facilities provided to Trafigura by SMBC and Standard Chartered.

Danish energy giant Ørsted has closed a TW$90bn (€2.6bn) project finance package backed by 25 banks and five export credit agencies (ECAs), supporting a 632MW offshore wind farm development in Taiwan.