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Trade Credit Risk Climate: Number of Business Insolvencies Peak in 2016

Despite increased claims core markets remain soft due to an ongoing growth in volumes of insured business Members of the International Union of Credit and Investment Insurers (Berne Union) and the International Credit Insurance and Surety Association (ICISA) have signalled high levels of claims for 2016 in the latest joint industry member survey. Data trends suggest a peak, with claims ... Read More »

Transparency: Russia Has Joined the Multilateral Competent Authority Agreement on Automatic Exchange of Country-by-Country Tax Reporting

The Multilateral Competent Authority Agreement on automatic exchange of Country-by-Country Reporting¹ was signed by the Federal Tax Service of Russia on 26 January 2017 within the framework of implementation of the Plan on counteracting tax base erosion and profit shifting (BEPS Plan); the Plan was approved by top public officials of “G-20 Group”. Currently over 50 countries have adopted the ... Read More »

Largest Supply Chain Disruptions in 2016

There was an interesting study released by EventWatch highlighting the top 5 supply chain disrupting events of 2016. EventWatch monitors supply chain resiliency and found these five single events to cost the most in delays, disruptions, and risk. Here’s their list: 6.4 magnitude earthquake in Taiwan Series of earthquakes in Japan through April Super Typhoon Haima Typhoon Napartak Typhoon Medi ... Read More »

US Consumer Credit Climate: Credit Products Including Auto, Credit Card and Personal Loans in 2016

TransUnion report finds personal loans continued to grow in popularity; Baby boomers make up largest share of consumers with a personal loan in 2016 Auto loans, credit cards and personal loans reached new milestones in 2016 as the number of consumers with access to these products continued to grow, according to TransUnion’s (NYSE:TRU) Q4 2016 Industry Insights Report. The report, powered ... Read More »

Atradius Reveals the World’s Top Emerging Markets

Leading economists from trade credit insurer Atradius have released their assessment of the world’s top emerging markets of 2017.  The new economic report reveals that India, Indonesia, Kenya, Côte d’Ivoire, Peru, Chile and Bulgaria are some of the global leading emerging market economies (EMEs) to watch. According to Atradius, these economies have been boosted by higher yields, reduced concern surrounding ... Read More »

Country Risk Climate: Trade Finance Falls Victim to China’s Capital Controls

According to an article published by Global Trade Review (GTR), cross-border trade finance between Hong Kong and China is being hit by Beijing’s capital controls, with government intervention making it “impossible” to get money out of the country. The Chinese government has made both formal and informal moves to limit the amount of foreign currency that can leave the country, ... Read More »

Australian Risk Climate: Consumer credit demand strengthens as personal loan applications surge

Veda Quarterly Consumer Credit Demand Index (December 2016 Quarter) Overall consumer credit applications are up +7.7% (vs December quarter 2015) Credit card applications rose +3.0% (vs December quarter 2015) Increase in personal loan applications grew +12.4% (vs December quarter 2015) Mortgage applications rose +6.6% (vs December quarter 2015) Growth in the Index was stronger than expected in the December quarter, ... Read More »

Australian Risk Climate: New Year’s Sales Expectations Falter

As 2016 draws to a close, business confidence for 2017 remains strong. Dun and Bradstreet’s December Business Expectations Survey shows that companies are expecting to see increased employment, profits, capital investment and selling prices for the first quarter of 2016 compared to the previous quarter. However, expectations for sales have dropped back. According to Stephen Koukoulas, economics adviser to Dun ... Read More »

USA Risk Climate: Optimism among Small Business Owners Highest in over a Decade

Notwithstanding the concern expressed by the G20 and B20 Forums about the general lack of prosperity of SMEs, the news from the United States is encouraging as reported by the National Association of Credit Management (NACM). Expectations for better business conditions among small business owners are at their highest since 2004, according to the National Federation of Independent Businesses’ (NFIB) ... Read More »

Russian Risk Climate:  The Small Business Community Anticipates a More Effective Government Support

Preferences appear not to be the same for everyone.  People within the small business community cite the following reasons of their grievances:  Tightening of credit and the impact of sanctions, but in the first place they point to the low efficiency of state support measures.  According to information provided by small business owners, most often the new support measures are ... Read More »

Credit Managers’ Index Ended Year 2016 on an Upbeat Note

The reading for the combined CMI jumped up from 52.9 to 54.1, the third-highest reading seen this year. In April, it  hit 54.6 and in March it  was at 54.3. Last month’s 52.9 was the fourth-lowest reading in the last 12 months.  The news was similarly positive in both the favorable and unfavorable index readings. The favorable score last month ... Read More »

Country Risk Climate: A Look at China’s Yuan

Default risks among companies in the People’s Republic of China are rising as the regime struggles to keep the yuan’s exchange market slide gradual. The authorities have taken a number of steps to slow the unit’s depreciation. They have issued new rules clamping down on overseas investments by Chinese companies. They have instructed banks to limit sharply how much companies, ... Read More »

Dun & Bradstreet’s Q3 UK Quarterly Industry Report – Businesses must operate cautiously due to economic uncertainties

Dun & Bradstreet’s Q3 analysis of the UK industry represents a cloudy outlook for the economy, as the country continues to comes to terms with the implications of Brexit. Worldwide fluctuations, such as Donald Trump winning the US election, also continue to weigh down on the economy and businesses must err on the side of caution as 2017 approaches. Dun ... Read More »