Stay updated with breaking news from Exporta Publishing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Oil exports from the Amazon are being driven by demand from refineries in California, researchers have found, as the Ecuadorian rainforest overtakes Saudi Arabia as the state’s largest supplier of foreign crude. Research published by Stand.earth and Amazon Watch finds that half of all crude oil exported from Amazon regions ends up at refineries in California. The vast ...
A London insurance broker is no longer liable for part of a £31.3mn loss suffered by Dutch bank ABN Amro in a commodities finance arrangement that came unstuck. In a December 2 judgement, the UK Court of Appeal reversed a High Court ruling last year that found trade risk specialist Edge Brokers was liable for £3.3mn ...
The UK government’s rush to secure new trade agreements means it may not be doing enough to ensure companies can take advantage of deals already reached, according to an independent audit. A report published today by the National Audit Office (NAO), a public spending watchdog, says officials have made “significant progress” in running multiple trade negotiations at the same time. The ...
Danish export credit agency EKF has signed its largest ever export loan for the construction of a high-speed railway project in Turkey. The agency is lending €576mn to the Turkish finance ministry for the project. The loan is classified as green because the electric railway is categorised as sustainable under the EU’s sustainable financing taxonomy. ...
Trade finance marketplace LiquidX has launched an automated digital distribution tool for trade finance assets, as part of efforts to do away with inefficient paper-based processes. The fintech company says that US$400-500bn of bank-intermediated trade finance is distributed annually, predominantly manually. Its solution addresses this by allowing banks and asset managers to initiate single-click trading ...