ICC Banking Commission’s Olivier Paul discusses trade finance optimism in The Asian Banker

Writing in The Asian Banker, Olivier Paul, Head of Policy at the International Chamber of Commerce Banking Commission, discusses Asia-Pacific’s role as a global trading hub and the world’s largest trade finance provider.

Building on results from the ICC’s 10th Global Survey on Trade Finance, Paul also notes that outlook on the growth is positive although the sector must still overcome a variety of challenges, notably those relating to protectionist policies, regulation and compliance.

To read the full article, please click here.

 

Astral Aviation signs letter of intent to acquire two Falcon Drones Lucas F-250s, covered by specialist press

Dubai-based Falcon Drones Technology FZ-LLC and Kenya-based cargo airline Astral Aviation have today signed a letter of intent for the airline to acquire two Lucas-F250 drones – with an option to purchase an additional 10 in 2019.

The F-250 is an unmanned aerial vehicle with a range extending 1500km, endurance of up to 10 hours, a cruise speed of 150km per hour and maximum speed of 200km per hour.

Following Moorgate’s outreach, the news was covered by: Air Cargo World, The Load Star, Business Daily Africa, Air Cargo News, Arabian Aerospace, Aerofix Aviation, African Aerospace, Aircargo Asia-Pacific, CA&AS, sUAS News, Amazing Drones, and Kena News.

Falcon Bridging Finance partners with Positive Lending, covered by specialist press

Falcon Bridging Finance Limited – bridging finance division of publicly credit rated specialist financier Falcon Group – has selected Positive Lending as their latest financial intermediary.

Under the terms of the partnership, Positive Lending will give intermediaries submitting enquiries access to Falcon’s comprehensive bridging range.

The news was covered by: Bridging Loan Directory, Financial Reporter, Mortgage Introducer, Best Advice, and Specialist Finance Introducer

Natixis SA provides Stenn International with senior financing facility, covered in the specialist press

Natixis SA has announced that it will provide Stenn International Ltd with a senior financing facility.

With a targeted size of up to $500 million, the facility will provide Stenn with additional capacity to deliver working capital solutions in the supply chain – allowing Stenn to further its funding solutions to additional customers and geographic markets.

Following outreach by Moorgate, this news was covered by BCR, The Wall Street Journal, TXF News, Markets Insider, Trade Finance, Global Banking and Finance Review, and ABL Advisor

ICC United Kingdom’s Chris Southworth discusses Post-Brexit trade in International Business Magazine

Chris Southworth, Secretary General of International Chamber of Commerce (ICC) United Kingdom, discusses the UK’s need for more inclusive trade deals as it prepares to leave the European Union.

For the USCIB’s International Business Magazine, Southworth explains that in an unprecedented task, the UK government has committed itself to bringing home the largest number of trade deals ever delivered. Yet, while such a feat presents a unique opportunity for innovation and reinvention, it is unclear how the government will deliver on a deal of this scale in such a limited time frame.

While the proposal to set up a new Trade Remedies Authority is under review in parliament, the general consensus amongst business groups, NGOs, unions and consumer groups suggests the UK needs to work on communication and transparency if it is to be successful. Essentially, the British government cannot simply rely on easy compliance from certain groups, such as those with existing EU deals, and must work democratically to ensure all involved will benefit from potential trade deals.

Already one of the most centralised G7 countries, a challenge of this scale could provide the UK with the opportunity to set a new international benchmark – as well, of course, as determining the success – or indeed, failure – of Britain’s exit from the EU.

To read the full article, please click here.

Crown Agents Bank appoints new Head of Global Markets

In its latest move, Crown Agents Bank has appointed David Bee in the newly created role as Head of Global Markets. David joins from Lloyds Banking Group, where he served as Head of Offshore Financial Markets & Institutional FX Sales. He has previously held senior positions at Citi, Deutsche Bank, and Standard Chartered.

“It’s exciting to be working for a bank with almost two centuries of history, with extensive access and a trust factor in markets that often have few, if any, international bank service providers. The bank is now growing very rapidly with enhanced infrastructure, expertise and relationships, and is continuing to upscale. Most of all, I look forward to working with the team and partnering with colleagues across the bank as we strive to reach our full potential”, said David.

News of the appointment has been covered by Profit & LossTXFGlobal Banking & Finance ReviewFTSE Global Markets and GTR.