The US government’s surprise decision to exempt refined copper from 50% tariffs is unlikely to dent the profits of commodity traders expecting bumper returns, but could create complications for ...

A US senator has slammed the Export-Import Bank of the United States (US Exim) for its backing of a US$20bn LNG project in Mozambique, arguing the state agency rushed its decision and failed to notify ...

James Reynolds will become chief executive of specialist credit and political risk insurance broker BPL next year when the ...

The World Bank has appointed Mizuho banker Tsutomu Yamamoto as managing director of the Multilateral Investment Guarantee Agency (Miga). Yamamoto will take up the role in early December, succeeding ...

When oil-rich South Sudan achieved independence in 2011, it entered the club of nations with a clean financial slate and no government debt. But in the intervening years, many of them marred by a ...

The SBTi has released its first net-zero standard for financial institutions, calling for an end to financing fossil fuel expansion.

A Saudi investment firm has been awarded US$4.19mn after a Dubai court ruled Rasmala Investment Bank Limited (RIBL) made a “misrepresentation” about the suitability and financial health of its trade ...

The US government’s shift towards real-time sanctions enforcement for seaborne Iranian oil trade risks leaving banks and commodity traders exposed to high costs and gruelling litigation, researchers ...

EU importers will no longer be permitted to purchase refined fuel from markets such as India and Turkey if it has been produced from Russian-origin crude, part of the bloc’s latest crackdown on Russia ...

Nigerian investment manager ARM is set to launch a trade finance fund that seeks to expand trade finance lending to African SMEs by providing loans to the continent’s banks. ARM African Trade Finance ...

A court in India has ruled that a Chennai shipowner must pay Banque Cantonale de Genève (BCGE) some US$6.7mn after the lender’s financing of a Gulf Petrochem oil deal went awry. BCGE won a summary ...