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US-based Marco Financial Partners, a trade finance fintech firm targeting SMEs in the Americas, is teaming up with logistics giant DP World to become a lender on its Cargoes Finance platform. Marco, which provides working capital facilities to SMEs in the US and Latin America, says the partnership will allow users of Cargoes Finance “to ...
A record number of UK-listed companies reported profit warnings due to supply chain disruption in the final three months of last year, with research showing ongoing concerns over inventory shortages and slow invoice traffic. A total of 70 publicly listed companies informed investors that profits would be lower than expected in Q4 2021, a year-on-year ...
A decision by energy giants Total and Chevron to pull out of a gas project in Myanmar has reignited calls for multinationals and banks to stop doing business with the country and for governments to slap more sanctions on its military rulers. Myanmar’s military overthrew a democratically elected government in February last year. Rights groups ...
HSBC has named Marissa Adams and Florence Tan as heads of global trade and receivables finance (GTRF) for North America and Continental Europe, respectively. Adams (pictured) succeeds Patricia Gomes, who was recently appointed regional head of commercial banking for the Middle East, North Africa and Turkey (Menat). Based in New York, she will report to ...
Trade finance marketplace LiquidX has carried out the first securitisation facility on its platform, a month after it launched an automated digital distribution tool for trade finance assets. The transaction saw LiquidX source and facilitate a US$125mn accounts receivable finance programme for an unnamed company in the technology, media and telecom (TMT) sector. The structure ...