Kabul: Beijing’s envoy to Kabul said Thursday that China will offer the Afghan Taliban access to its huge construction, energy and consumer sectors without tariffs, as the resource-rich and diplomatically isolated regime seeks to build its markets. Beijing has sought to develop its relations with the Taliban since it took control of Afghanistan in 2021, … Read more
HSBC announced on Wednesday at Sibos that it is expanding the trade finance solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its partnership with Dowsure Technologies. Small and medium-sized enterprises (SMEs) typically face challenges securing trade finance, but by using real-time trade data … Read more
BNY and Mizuho Bank, the oldest banks in the US and Japan respectively, announced an agreement on Sunday to expand their correspondent banking network to facilitate international trade. The agreement, based on BNY’s merchant access service, allows both banks to access each other’s relationship management applications (RMA). “We have heard from some of our clients … Read more
BNY and Mizuho Bank, the oldest banks in the US and Japan respectively, announced an agreement on Sunday to expand their correspondent banking network to facilitate international trade. The agreement, based on BNY’s merchant access service, allows both banks to access each other’s relationship management applications (RMA). “We have heard from some of our clients … Read more
Republican candidate and former US president Donald Trump and incumbent US VP Kamala Harris speak at separate events in these undated images. — AFP/File NEW YORK: Donald Trump and Kamala Harris exchanged barbs over the airwaves Tuesday as they reached out to the few remaining undecided voters in the final stretch of an election seen … Read more
China solidified its position as Africa’s largest bilateral trading partner last year, as trade with the continent reached a record $282.1 billion, up 1.5% from 2022. But a 7.5% surge in Chinese exports, to $173 billion, was not matched by imports from Africa, which fell by 6.7% to $109 billion, widening Africa’s trade deficit with … Read more
Digital solutions are helping corporates manage global shifts, says Aaron Chiew, head of IBG Digital Channels for the Institutional Banking Group at DBS Bank. Global Finance: How is your digital focus helping clients react to ongoing global shifts? Aaron Chiew: Corporates are facing multiple complexities today. Supply chain disruptions, Asia’s rising middle-income population and the … Read more
Home Executive Interviews Brazil Central Bank President Campos Neto Sees Trade Friction As Big Risk To Global Economy Global Finance magazine interviewed Brazil Central Bank President Roberto Campos Neto, who has been at the helm since February 2019. In recognition of his leadership in managing Brazil’s monetary policy, Campos Neto earned an “A” grade in … Read more
Following the 7 October 2023 Hamas attacks, Israel’s military operations in Gaza and their humanitarian consequences have brought the question of trade sanctions on Israel into public debate. As of July 2024, Israel’s offensive has resulted in the deaths of over 37,000 Palestinians. This number could rise to over 186,000 when considering indirect deaths due … Read more