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Trade finance platform Triterras is seeking to overturn Nasdaq’s decision to delist its securities from the US stock exchange, which was taken after the company repeatedly failed to file audited annual accounts. The New York-based exchange had informed Triterras on December 10 that trading of its shares would be suspended within 15 days, and that ...
US President Joe Biden has signed into law the Uyghur Forced Labor Prevention Act (UFLPA), preventing businesses importing goods into the US from China’s Xinjiang region, unless they can prove products were not made with forced labour. The UFLPA signed on December 23, presumes that “all goods, wares, articles, and merchandise mined, produced, or manufactured ...
British exporters are urging the country’s export finance agency to reduce its premiums, which they say are out of step with European rivals and risk discouraging UK companies from bidding for contracts. UK Export Finance (UKEF) typically charges premium rates of 6% to 7%, according to an annual benchmarking report from the British Exporters Association ...
Users of commodities and trade services marketplace TradeHelp will have access to financiers though trade finance marketplace Fineon Exchange, after the two companies announced a partnership. TradeHelp, headquartered in Los Angeles, facilitates commodities and trade deals from pre- to post-trade. Luxembourg-based Fineon provides funders and insurers access to trade finance assets. The companies say the ...
CapBay, a Malaysian multi-bank supply chain finance (SCF) and peer-to-peer (P2P) financing platform, has secured RM30 million (US$7.1mn) from Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad (KIBB), which it will use to grow its shariah-compliant SCF arm, CapBay Islamic. “CapBay is thrilled to receive the support from Kenanga and for sharing the ...