2008 December
Finance throws sand in wheels of global trade
Reuters, 15/12/2008Trade finance, a basic lubricant for the global economy, is becoming much more expensive and tougher to get, accelerating an already harrowing downturn.
Banks are reluctant to allocate scarce...
Market View: Asian exporters and the LC conundrum
Trade Finance, 10/12/2008According to news reports Asian exporters have seen their cargo pile up at the docks next to empty ships as they fail to get the necessary bank guarantees or letters of credit to ensure their...
