GTR eNews: August 9th
Global Trade Review (GTR)
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Top stories
EU launches export credit facility for Ukraine
The European Union has launched an inaugural risk-sharing facility for the export credit industry, with an initial €300mn pilot aimed at boosting SME exports to buyers in war-torn Ukraine.
Turkish export boom ‘unsustainable’ as companies sell at a loss
Turkish exporters are calling for relief measures and financial support, with rising production costs forcing many companies to sell at a loss, even as the country’s exports hit record heights.?
Westford settles with Dubai Insurance in battle over Phoenix Commodities debts
Westford Trade Services and Dubai Insurance Co have settled a long-running lawsuit in Dubai involving a dispute over transactions involving scandal-hit Phoenix Commodities.?
White House urged to stop US Exim financing fossil fuels
Climate campaigners are urging the White House to block US Exim from supporting fossil fuels on “national security” grounds as the agency weighs a US$743mn petrochemical project in Malaysia.?
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Contributed articles
The past, present and future of credit portfolio management
Swiss Re Corporate Solutions outline the evolution of credit portfolio management and the transformative impact of modern technological advancements on this critical financial function.
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