ADB: Developing Asia to contract 0.4% in 2020, grow by 6.8% in 2021; Trafigura has bought out founder's family stake in full; Trade finance being exploited for laundering and terrorism, says report

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• Economic activity in developing Asia is forecast to contract by 0.4% this year, before picking up to 6.8% in 2021 as the region moves toward recovery from the effects of the coronavirus disease, according to research by the Asian Development Bank

• Commodities trader Trafigura has fully bought out the family stake of its late founder Claude Dauphin after record earnings in 2020

• The interconnected supply chains of global trade networks are being exploited to launder the proceeds of crime or finance terrorism, according to research by Financial Action Task Force (FATF) and Egmont Group

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.