Page 13 - Exporta Publishing News Today

The London Institute of Banking and Finance (LIBF) has appointed a new relationship director in Asia. Latifah Alkhatib has joined LIBF – which offers training and qualifications in trade and transaction banking – in its Singapore office. Alkhatib moves to LIBF from the International Chamber of Commerce (ICC) Academy, where she managed Asia Pacific and ...

Bank of America has appointed Jacqui Kirk as head of trade and supply chain finance for its global transaction services (GTS) business in Europe, the Middle East and Africa (Emea).  Kirk, who has spent nearly a decade at the bank, most recently held the position of co-head of product management across the Emea region. She previously ...

The UK’s export credit agency is providing a £500mn loan guarantee to automotive manufacturer Jaguar Land Rover, in a bid to boost the country’s electric vehicle (EV) manufacturing and export sector. The agreement, which was signed and drawn down in full by the company in December, sees UK Export Finance (UKEF) cover 80% of a ...

Banking giants HSBC and BMO Financial Group have announced plans to invest a total of US$150mn in Bill Gates’ Breakthrough Energy Catalyst programme, an ambitious public and private sector decarbonisation effort.  Breakthrough Energy, founded by Gates in 2015, aims to accelerate the development of direct air capture, clean hydrogen, long-duration energy storage and sustainable aviation ...

Commercial banks in the US have welcomed plans from the country’s export credit agency to create a new domestic financing programme, as the White House works to strengthen America’s role in global supply chains. In recent weeks, the Export-Import Bank of the United States (US Exim) concluded the feedback gathering stage for its new domestic ...

The port congestion, delayed shipments and sky-high freight rates that have plagued importers and exporters show no sign of coming to an end, industry experts believe, as fresh data shows schedule reliability are hitting record lows.  Maritime consultancy Sea-Intelligence revealed last week that schedule reliability fell to 32% in December last year, its lowest ever ...

Liberty Specialty Markets (LSM) has made two senior promotions in its financial risk solutions (FRS) division and expanded its political risk team with a new hire. Huw Owen (pictured), formerly FRS head of underwriting and London markets, takes on the newly created role of FRS chief underwriting officer. Sam Wilde, formerly underwriting manager for FRS, ...

Asia’s rise as the epicentre of global trade could be stunted if governments in the region do not put policies in place to encourage digital trade, according to a new report. The region was responsible for 41% of total global exports last year, according to the United Nations. Manufacturing powerhouses such as China and Vietnam ...

Citi has made an addition to its continental Europe trade sales team, hiring Nicolas Saoudi as trade sales head for the Nordic region. Based in Stockholm, Saoudi is tasked with helping grow the lender’s business across a portfolio of Nordic-parented and Nordic-based global subsidiary clients. He replaces Thomas Light, who left the position and took ...

San Francisco-based fintech Taulia has launched an accounts receivable financing product aimed at large corporates, as it continues to expand to cover all areas of the cash conversion cycle.  Taulia, which last week announced it had sold a majority stake to enterprise software company SAP, offers payables, receivables and inventory finance solutions through its digital ...