Tag: international trade

BNY Mellon’s Cihat Takunyaci and Margaret Guevara explore the opportunities that could be leveraged through a strong Turkey-Mexico trading relationship

Trade between Turkey and Mexico is gathering momentum, increasing 15 fold between 1999 and 2015. Writing, in Cash and Trade, Cihat Takunyaci, BNY Mellon’s Country Manager for Turkey, and Margaret Guevara, BNY Mellon’s Head of Sales and Relationship Management, suggest the full potential of Turkey-Mexico trading opportunities is yet to be realised. Trading potential in industries …

Continue reading

BNY Mellon features in Euromoney article on the changing face of transaction banking and the surge in banking alliances

Correspondent banking is a crucial facilitator for international trade, yet due to a number of factors – including compliance demands, many banks are being forced to withdraw from some of their correspondent banking relationships. In Euromoney, BNY Mellon’s Dominic Broom (Head of Treasury Services EMEA) explains how correspondent banking has moved towards selective specialism, with non-compete local-global bank alliances …

Continue reading

Commerzbank’s Christian Toben sees demographic dividends on the Sub-Saharan African horizon in Jeune Afrique

The UN hopes for “full and productive employment by 2030”. Writing for leading African political and economic magazine Jeune Afrique, Christian Toben, Regional Head of Africa at Commerzbank, notes that any chance of hitting this ambitious target will depend on the continent – home to about half of the additional global workforce expected over the …

Continue reading

Commerzbank’s Christian Toben tests the economic waters in African Business magazine

In a feature for African Business magazine, the regional head of Africa at Commerzbank, Christian Toben, offers his perspective on the challenges facing Sub-Saharan African economies. After a “decade of considerable economic progress” countries across the region have been hit hard by weak commodity prices. Revenues from a host of key resources – from oil, coal and gas to …

Continue reading

Commerzbank’s Angela Koll discusses the rise of the BPO in Treasury Today

In an interview with specialist financial publication, Treasury Today, Angela Koll, Vice President, Specialist Trade & Supply Chain Finance at Commerzbank, sets out the reasons why banks and companies are making ever greater use of the ‘Bank Payment Obligation’ (BPO). A BPO is a digitalised trade instrument that electronically matches data on trades, invoices and …

Continue reading

Commerzbank’s first BPO transaction between China and Germany makes its mark on the specialist press

The Bank Payment Obligation (BPO) transaction covered the export of chemicals from China to Germany. The buyer, and Commerzbank’s client, was chemicals company TRIGON Chemie GmbH, based in Schlüchtern, near Frankfurt. The seller’s bank was the Industrial and Commercial Bank of China (ICBC) in Beijing. Transactions between the two were previously handled by documentary collection. …

Continue reading

ICC United Kingdom’s John Carroll on the importance of reclaiming the global trade narrative in Financier Worldwide

In a recent article for Financier Worldwide, John Carroll, Head of the International Chamber of Commerce (ICC) United Kingdom’s Trade and Investment Policy Committee, makes the case for reclaiming the global trade narrative. Certainly, an anti-trade sentiment that has emerged in recent years, contributing to the rise of protectionist measures worldwide – evident in the …

Continue reading

Not on Olympic form? Commerzbank’s Thomas Krieger explains how Brazil can get back in trading shape in International Trade Magazine

As the Olympic opening ceremony takes place in Rio de Janeirio this Friday, all eyes will be on Brazil and its struggling economy. In an article for the latest issue of specialist commerce publication, International Trade Magazine, Thomas Krieger, regional head of Latin America at Commerzbank, explains that Brazil’s economy is tied to its export trade; …

Continue reading

Commerzbank’s experts talk to the FT’s The Banker about the importance of sustainable trade

In a video interview with The Banker – published by the Financial Times – Commerzbank’s experts, Ruediger Geis, Head Product Management Trade, and Ruediger Senft, Head of Corporate Responsibility, discuss how financial institutions play a decisive part in driving sustainability in world trade. Referring to a recent Commerzbank report, Insights: Scenarios for the Future of …

Continue reading

Santander’s John Carroll joins ICC United Kingdom to lead new Trade and Investment Policy programme

John Carroll – Head of Product Management and International Business, Santander UK Corporate & Commercial – has joined the International Chamber of Commerce (ICC) to relaunch and lead its new Trade and Investment Policy programme in the UK. The programme engages the ICC network to help promote international trade and investment as engines for economic growth and …

Continue reading