A $400 billion credit line has been launched for trade between Iran and China, an Iranian official announced.
The post $400bn Credit Line Established for Iran-China Trade appeared first on Iran Front Page.
Most banks plan to integrate their fraud and financial crime compliance systems and activities in response to new criminal threats and punishing fines, with the U.K. leading the pack, according to a survey by Ovum, on behalf of FICO. Responses show tha…
Paolo d’Amico is tired of waiting for the IMO 2020 tanker rally — thankfully, he thinks it’s right around the corner. The chairman of the Milan-traded shipowner told TradeWinds Thursday that he expects things to start peeking up next month, with the effects Source: http://www.tradewindsnews.com
A US federal judge’s firm rejection of shareholders’ security fraud lawsuit against Top Ships has spilled over into the legal sparring in a similar action against compatriot Greek shipowner DryShips. Lawyers for George Economou-led DryShips are asking another US federal judge to take notice of her colleague’s ruling, while the DryShips plaintiffs claim the Top case was wrongly decided and not directly comparable. Meanwhile, a hearing in the DryShips case…
Wang Zhenyong, deputy chief executive of lease financing at ICBC Leasing, said he is hoping to build on the Chinese bank’s already strong relationship with the City of London post-Brexit. Speaking at the Chinese Shipping Association of London (CSAL) event during Source: http://www.tradewindsnews.com
Without stronger environmental and social protections and better corporate governance, shipowners could be starved for capital. “There is not an institutional investor today in the western world … that is not thinking about the impact of environmental, social and governance factors,” said JP Morgan Asset Management Global Transportation Source: http://www.tradewindsnews.com
A new report by PriceWaterhouseCoopers has come up with 36 ways in which London can grow its maritime services offering. London-based marine insurance, shipbroking, legal, finance and classification industries are worth $6bn to the UK economy each year, in a global Source: http://www.tradewindsnews.com
Diana Shipping is making another round of buybacks, this time for up to 1.4 million shares. The Athens-based, New York-traded bulker owner announced the $3.55 per share offer Friday. The company said the move was in its best interests given its cash position — Source: http://www.tradewindsnews.com
Good news on the trade war front bumped up shipping stocks Thursday. After the US and China announced they would hold trade talks in early October, most New York-listed shipping companies closed the day up. Among the top performers were Scorpio Tankers, Matson Source: http://www.tradewindsnews.com
66% of financial institutions face the significant challenge of achieving low false positive rates, putting unnecessary burden on their compliance departments and creating inefficiencies in their financial crime screening processes, according to Accuit…