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Top Global Trade Review (GTR) News

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
US Economy · United States

U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook

54% Center coverage: 128 sources
See the Story
Trump Warns of US Economic Ruin if Courts Rule Against Tariffs
Tariffs · United States

Trump Warns of US Economic Ruin if Courts Rule Against Tariffs

Coverage: 37 sources
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EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade
European Union · Ukraine

EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade

100% Center coverage: 1 sources
EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade (IN BRIEF) The EIF and EIFO have signed the first deal under the EU’s Ukraine export credit guarantee facility, which supports European businesses exporting to Ukraine. The facility, offering up to €20 million in guarantees, aims to enhance trade between the EU and Ukraine, contributing to Ukraine’s recovery and its eventual integration into the EU. …See the Story

Denmark and Kosovo ink prisoner relocation deal

100% Left coverage: 1 sources
Bringing Taiwan to the World and the World to TaiwanTaiwan · TaiwanSee the Story

De Laat joins Steinweg’s commodity finance unit

Banking and trading veteran Jan de Laat has joined the commodity finance arm of warehousing and logistics company C. Steinweg Group. De Laat joins after two years at metals and minerals ores trader Raffemet Group. In a career spanning four decades, he served for nearly 17 years as managing director, trade and commodity finance at Rabobank, including in Singapore, London, Nairobi and New York. He has also held roles at Dutch banks ABN Amro and IN…Geneva, Switzerland · GenevaRead Article

Sovereign debt dispute casts a shadow over African MDBs

Concerns are growing that a dispute over the status of multilateral development banks (MDBs) in African sovereign debt restructuring could impact the availability and pricing of trade finance on the continent.  MDBs have historically served as a vital source of financing for governments in the Global South, typically providing lower rates than commercial alternatives. In some cases, funds are deployed to facilitate imports or exports of essentia…Read Article

Swiss Re makes trade, commodities and surety leadership reshuffle

Re/insurer Swiss Re has named Veronica Assandri Foldnes as its global head of commodity, trade and sovereign credit, as part of a broader reshuffle. In her new post, effective immediately, Assandri Foldnes takes on responsibility for the re/insurer’s trade finance, trade credit and working capital solutions and its political risk and sovereign credit unit, in addition to her existing responsibilities as head of commodity and energy transition fi…Trade · SwitzerlandRead Article

An exporter’s 25-year wait for a letter of credit ruling

The judgment handed down by Delhi’s High Court in February concerned a fairly straightforward trade finance dispute.  On one side, an exporter claimed it was owed money as the beneficiary of a letter of credit (LC); on the other, a bank argued it wasn’t obliged to pay.   The twist? The LC had been issued more than a quarter of a century earlier, in 1998, and the claim was first filed in court back in 2000.   The length of time the dispute has ta…Delhi, India · DelhiRead Article

Arab National Bank makes key trade finance hire in London

Rim Faker has joined Arab National Bank’s London branch as head of trade finance and financial institutions. She took up the newly created role in May and reports to the general manager of the London branch, Yasser Ibrahim. Faker tells GTR the position reflects the bank’s strategic ambition to position London as a hub for international trade and institutional flows. “I will be leading the re-establishment of the trade finance and financial insti…London, England · LondonRead Article

Mashreq hires global head of trade sales

Mashreq CIB has hired Sherjan Qaisrani as global head of trade sales within its Dubai office, effective immediately. In the role, Qaisrani will spearhead Mashreq’s trade sales business across several markets within its global network, including the UAE, UK, US, Hong Kong, India, Egypt, Bahrain, Qatar, Kuwait and Oman. Reporting to Mashreq’s global head of transaction banking, Vivek Batra, he will work to drive client adoption of various products…Read Article

CredAble brings on Betts as growth officer

India-headquartered working capital finance platform CredAble has hired Andrew Betts as board advisor and chief growth officer for Europe and the Americas, effective immediately. In this newly created role, which CredAble calls a “significant milestone” for international expansion, Betts will drive the company’s client acquisition, build strategic partnerships and oversee its go-to-market strategies across Europe and the Americas. Betts has over…India · IndiaRead Article

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