French energy major Total has been forced to suspend operations at its liquified natural gas (LNG) project in northern Mozambique for the second time this year, after a fresh attack by insurgents. According to harrowing reports from various news outlets,…

The African Export-Import Bank (Afreximbank) and Nigeria Export-Import Bank (Nexim) have agreed to establish a new fund to boost early project financing and technical support services to public and private entities engaged in trade in Nigeria. Afreximbank says in a…

Singapore-headquartered fintech firm dltledgers is set to migrate its blockchain-based trade finance solutions to Corda from Hyperledger Fabric, marking another win for R3’s enterprise blockchain platform. “We are ecstatic that one of the world’s fastest-growing trade digitisation platforms is moving…

Two-year gap between spread fixing and cessation leaves fallback signatories tied to outdated basis Source: Risk feed

Drip Capital, a cross-border trade finance provider, has signed a US$40mn committed credit facility with East West Bancorp, as it seeks to expand trade finance solutions out to small and medium enterprises (SMEs). The fintech company offers buyer financing solutions…

In the first and second part of our series, we explored in depth the challenges that the buy-side and the sell-side currently face when thinking about building smart desktop strategies. Chief among those, according to our recent roundtable discussion with…

Poor disclosure, sub-par returns and share dilution are highlighted as risks of so-called ‘blank-cheque’ companies Source: Risk feed

LAUNCESTON, Australia (Reuters) by Clyde Russell – For those seeking evidence of a new commodity supercycle, and for the sceptics of a sustained boom in natural resources, Australia’s government forecaster has it covered. The government’s latest Resources and Energy Quarterly…

U.S. regular retail gasoline prices averaged $2.85 per gallon (gal) on Monday, March 29, according to EIA’s Gasoline and Diesel Fuel Update. U.S. gasoline prices have generally increased since reaching a multiyear low of $1.77/gal in late April 2020, primarily…

Traders confident market convention will shift to RFRs on both legs of deals Source: Risk feed

Recently, iRely gave Patrick and me a detailed briefing on its testing program, which in itself was unusual, as mainly, we get shown software demonstrations. In this instance, Deanna Palm, Chief Quality Officer at iRely, took us through a look…

The U.S. leads the world for per capita consumption of primary energy harvested directly from natural resources (Figure 1). While oil, solar and hydro are examples of primary fuels, electricity isn’t. Rather, different types of primary energy are transformed into…

In this third and final article based on talking about the 3-D’s (Digitalization, Decarbonization, and Decentralization) with Gen10, I talked to Richard Williamson, CEO, Gen10 about digitalization….. Richard Williamson of Gen10 is of the opinion that digitalization in commodities really…

SINGAPORE, March 29 (Reuters) – Singapore commodity trader Envy Global Trading Pte Ltd has removed Ng Yu Zhi from his role as managing director following investigations by authorities into the firm’s nickel trading, the company said in a statement. Prosecutors…

Combustible by-product (CBP) production in the U.S. electric power industry decreased from 135.1 million short tons in 2010 to 88.7 million short tons in 2019, a 34% decline. CBPs are residues left over after the combustion of coal, petroleum coke,…

ISMAILIA, Egypt (Reuters) – A huge container ship blocking Egypt’s Suez Canal for nearly a week has been partially refloated, raising hopes that the busy waterway will soon be reopened for a big backlog of ships. The 400-metre (430-yard) long…

Key facts FIS receives three awards in recent prestigious treasury award programs. JACKSONVILLE, Fla. –(BUSINESS WIRE)–Mar. 29, 2021– Financial technology leader FIS ® (NYSE: FIS) recently earned several awards in prestigious treasury award programs for the quality and innovation of…

Fintech firm Levantor Capital has hired Brendan Herley as head of business development for the Americas. Based in New York, Herley will report to Nigel Bottrill, the London-headquartered company’s global head of business development. He joins from Wells Fargo, where…

Significantly strengthening its capital markets capabilities and enhancing its position as a global fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), today announced it has signed a definitive agreement to acquire Itiviti Holding AB (Itiviti), a leading provider of trading… Broadridge Financial Solutions…

GFT, the global IT services and software engineering firm, announces Andy Lund's appointment as the Google Cloud lead for GFT across the UK and EMEA region. This follows a year of record Google Cloud growth which has seen the firm…