Trade finance revenue reported by banks remained steady last year despite pockets of growth in some regions, as the industry looks set for a turbulent 2025 defined by the fallout from US President Donald Trump’s aggressive trade policies. Banks in European and Asian financial hubs largely reported stable revenue or slight dips in earnings, ...| Global Trade Review (GTR)
Trafigura has closed syndicated European revolving credit facilities (RCFs) totalling more than US$5.6bn, which the commodity trader says will strengthen its ability to respond to market turbulence and volatility. The Singapore-headquartered trader announced today it had extended an existing three-year facility, initially launched in March 2022, by a further year, while also increasing its value ...| Global Trade Review (GTR)
Battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure additional financing or investment, souring a big bet by banks and export credit agencies (ECAs) on European EV battery production. A pioneer of green battery production in Europe, the company filed for bankruptcy protection in the US last year after running ...| Global Trade Review (GTR)
Standard Chartered is the first bank to announce it will align its trade practices with the ICC’s Principles for Sustainable Trade Finance.| Global Trade Review (GTR)