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Canadian Prime Minister suspends trade talks with US amid tariff dispute
- Canadian Prime Minister Mark Carney withdrew negotiators from trade talks with the US hours before new US tariffs on over $20 billion of Canadian goods were set to take effect.
- The tariffs, initially scheduled for Wednesday, target products including wine, hockey sticks, cement, and plywood, and were described by Carney as a “direct violation” of the US-Mexico-Canada free trade agreement.
- Carney pledged to match US tariffs dollar for dollar and announced plans for additional measures to support Canadian workers and businesses.
- Despite “significant progress” in negotiations, Carney stated the outcomes did not meet Canada’s objectives, citing last-minute US changes as unfair and uneconomic.
- US Trade Representative Jamieson Greer criticized Canada’s decision as a “missed opportunity,” accusing Canada of new demands and walkbacks that disrupted recent agreements.
- The dispute reflects broader tensions as the Trump administration pursues trade policies favoring the US, challenging historically close US-Canada relations.
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Canadian Prime Minister Mark Carney withdrew negotiators from trade talks with the US hours before new US tariffs on over $20 billion of Canadian goods were set to take effect.
Devanshee DaveMaybank completed a RM1 million pilot of Malaysia’s first tokenised Supply Chain Financing (SCF) transaction using V Systems’ NexA tokenisation platform.
Devanshee DaveStandard Chartered led the arrangement of EUR 538 million financing to support Phase 2 of the Quilonga Grande Water System project, expanding Luanda’s potable water distribution network.
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HSBC and Standard Chartered complete first live cross-border tokenised deposit transaction on Swift’s blockchain ledger
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N3XT expands access to Digital Dollar, redefining B2B payments with instant, programmable transactions
N3XT launches institutional-grade Digital Dollar token for instant B2B payments on blockchain with full banking regulation and 24/7 settlement.
Devanshee DaveAfriex announced a new sponsor and settlement banking partnership with Global Innovations Bank (GIB) to support its B2B Payments API, enhancing settlement speed, regulatory coverage, and Global USD Account access.
Devanshee DaveThe Indonesian government is fast-tracking the creation of BMKS to establish credible domestic price benchmarks for strategic minerals such as nickel, tin, copper, bauxite, and gold, reducing reliance on foreign exchanges like the London Metal Exchange and Shanghai Futures Exchange.
Devanshee DaveViaservice-Ke, a subsidiary of Switzerland-based Viatrans SA, has partnered with Maersk to offer Viaservice Container Solution (VCS), a digital trade financing platform for Kenya’s logistics sector.
Devanshee DaveThe US Senate approved a two-year extension of AGOA, allowing eligible sub-Saharan African countries to maintain duty-free access to the US market until December 2028.
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RBC and BMO sell Moneris to Francisco Partners for $2 billion, ending 25-year joint venture
RBC and BMO sell Moneris payment processor to US private equity firm Francisco Partners for $2 billion, ending their 25-year Canadian joint venture.
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Bank of America launches $250 billion critical infrastructure finance initiative to support US development
Bank of America launches $250 billion infrastructure finance initiative to support US digital, energy and core infrastructure development from 2026 to 2027.
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Polygon Labs joins NOBO Finance and Dun & Bradstreet in phase 2 of the Bank of England’s Digital Pound Lab
Polygon Labs joins NOBO Finance and Dun & Bradstreet in Phase 2 of the Bank of England's Digital Pound Lab, testing cross-border settlement between stablecoins and digital pound.
Devanshee DaveGeneral Motors has arranged a purchasing facility worth up to $4.5 billion with Procura Auto Parts, a company specialising in sourcing rare or critical automotive parts.
Devanshee DaveAustralian Prime Minister Anthony Albanese and Vietnam’s leader To Lam agreed to strengthen defence and security engagement, including efforts to counter transnational organised crime and people smuggling.
Devanshee DaveDECTA has selected OpenPayd to strengthen its international treasury capabilities using OpenPayd’s regulated, rails-agnostic infrastructure for faster and more efficient operational settlement.
Devanshee DaveDeutsche Bank has been designated by the People’s Bank of China as a Renminbi (RMB) clearing bank for Europe, operating from Frankfurt to provide direct processing, clearing, and settlement of cross-border RMB transactions.
Devanshee DaveAfreximbank signed a EUR 110 million facility agreement with the government of Chad to support trade-enabling infrastructure projects approved under Chad’s 2026 Finance Law.
Devanshee DaveThe International Finance Corporation (IFC) is proposing an unfunded trade finance facility of up to $250 million for Banco Bradesco S.A. under its Global Trade Finance Program (GTFP).
Devanshee DaveSIDBI and MonetaGo announced the go-live of MonetaGo’s Secure Financing system on SIDBI’s GST-Sahay Invoice-Based Financing Platform following a successful pilot. The deployment enables SIDBI to validate invoices financed through TReDS and other factoring platforms, including SBI Global Factors and India Factoring, enhancing secure and…
Devanshee DaveThe Trump administration has refunded about $100 billion in tariffs following a Supreme Court ruling that struck down a wave of duties imposed under the International Emergency Economic Powers Act.
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