The latest news from liquidity and risk management
Stay updated with real-time coverage of global trade developments, policy changes, and market movements affecting international commerce.
Canada and UAE sign trade agreement as Carney seeks to diversify economic partnerships
- Canada and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement on Tuesday aimed at reducing trade barriers, expanding market access and encouraging investment between the two countries.
- The agreement will reduce or eliminate tariffs on more than 99% of current Canadian exports to the UAE once fully implemented, with the government expecting the CEPA to enter into force in 2027, subject to parliamentary approval.
- The deal is part of Prime Minister Mark Carney’s efforts to diversify Canada’s trade beyond the United States amid continuing trade tensions and Trump administration tariffs affecting Canadian industries.
- The UAE is Canada’s largest export market in the Middle East, with bilateral trade reaching $2.48 billion in 2025 and growing at around 10% annually in recent years, whilst the UAE committed up to $50 billion in investment in Canada in 2025.
- Canada is simultaneously negotiating with the United States on potential relief from Section 232 tariffs of up to 50% on Canadian steel and 25% on automobiles, with discussions focused on reaching an agreement before the November 3 US midterm elections.
- Trade talks between Canada and the US collapsed in August over several issues, with Trump escalating tensions by announcing a 50% increase in tariffs on Canadian steel and automobile imports effective January 1, 2027.
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Devanshee DaveIndian banks face rising costs for hedging dollar interest payments on foreign currency non-resident bank (FCNR(B)) deposits following new Reserve Bank of India regulations under the Foreign Exchange Risk Reserve (FERR) framework.
Devanshee DaveMitsubishi UFJ Financial Group has launched Virtual Account Management (VAM), a digital liquidity solution designed to help clients simplify cash management, improve cash visibility, and streamline treasury operations.
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IFC and Citibank launch $2 billion trade finance facility to expand access for businesses in emerging markets
IFC and Citi launch a $2 billion trade finance facility to expand access to financing for corporate and SME businesses across emerging markets.
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UK trade finance provider Zvilo launches South African operations targeting R2bn in SME working capital
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Ripple and BNY expand Strategic collaboration to advance institutional digital asset custody and tokenised trade finance
Ripple and BNY expand their strategic collaboration on institutional digital asset custody and tokenised trade finance, with XRP and RLUSD support added.
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Jiko brings 24/7 liquid T-bill access to BlackRock Cachematrix platform
Jiko partners with BlackRock Cachematrix to give 7,000 institutional investors access to its 24/7 liquid Treasury bill offering for cash management.
Devanshee DaveAfrica Finance Corporation announced a US$1 billion Unfunded Managed Debt Mobilisation Programme with Munich Re, providing committed risk-sharing support for AFC's trade finance lending to African financial institutions.
Devanshee DaveEtihad Credit Insurance, in collaboration with Natixis Corporate & Investment Banking, First Abu Dhabi Bank, and HSBC Bank Middle East Limited, has signed an agreement to renew and expand support for Trafigura's procurement of UAE-origin commodities.
Devanshee DaveRegions Bank announced the launch of a treasury management solution with Clip Money and NCR Atleos that enables businesses to deposit cash through more than 8,100 Clip Money locations across the United States.
Devanshee DaveMaybank Islamic and Credit Guarantee Corporation Malaysia have launched Malaysia's first supply chain financing guarantee scheme anchored by mid-tier companies, allowing suppliers to receive early payments against approved invoices.
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CrediPort, Capital4Trade, and WaveBL complete first fully digital three-corner electronic letter of credit
CrediPort, Capital4Trade and WaveBL complete a proof of concept for a fully digital three-corner electronic letter of credit covering buyer, seller and financier.
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Ripple Treasury unveils always-on capabilities to transform corporate treasury operations
Ripple has announced new Ripple Treasury capabilities for managing cash, liquidity and payments around the clock, including 24/7 Returns on eligible cash.
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Tech Mahindra and Mastercard partner to modernise B2B payments through embedded virtual card solutions
Tech Mahindra and Mastercard announce a partnership to modernise B2B payments through embedded virtual card solutions for global enterprises.
Devanshee DaveThe UN Commission on International Trade Law (UNCITRAL) announced that the Convention on Negotiable Cargo Documents (NCD Convention) will open for signature on 26th October in Accra, Ghana.
Devanshee DaveAnt International and Sumitomo Mitsui Banking Corporation have signed a memorandum of understanding to strengthen cross-border payment solutions and explore business expansion opportunities in Japan, Singapore and Southeast Asia.
Devanshee DaveExport Development Canada (EDC) and Türk Eximbank have signed a Memorandum of Understanding to strengthen commercial ties between Canada and Türkiye and create new trade and investment opportunities for businesses in both countries.
Devanshee DaveTipalti announced the rollout of Tipalti Treasury, a fully integrated treasury solution built following its 2025 acquisition of Statement.
Devanshee DaveMetallium subsidiary Flash Metals US has secured an agreement with commodity trader Traxys North America to evaluate opportunities for developing US critical metals supply chains combining Metallium's flash joule heating processing platform with Traxys' global commercial capabilities.
Devanshee DaveTurkmenistan's State Commodity and Raw Materials Exchange and the Vienna Agricultural Exchange held meetings in Vienna on 22-23 October to explore opportunities for expanding commodity trading and strengthening agricultural trade.
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