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BNP Paribas has partnered with asset management firm Apollo and its subsidiary Athene to set up a new inventory finance platform. Eliant Inventory Solutions, which is now live, is built on tech provided by software company GEP Worldwide. Athene, which merged with Apollo this month, serves as Eliant’s primary financing partner, while Apollo will act as ...
Sweden’s Export Credit Corporation (SEK) has picked Maria Simonson to become the organisation’s head of sustainability, while at the same time boosting the position’s stature. Simonson will take up the position on April 1 after a 20-year career at Danske Bank, where she was most recently head of group sustainability. An SEK spokesperson says the ...
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 ...