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19 May 2014

National Bank of Fujairah launches STCF product line

National Bank of Fujairah (NBF) has launched its structured trade commodity financing (STCF) programme, as a means to be a one-stop solution for the cross-border...

19 May 2014

Commerzbank wins tenth consecutive EBRD award

Commerzbank has claimed the prize for the most active confirming banking in the European Bank for Reconstruction and Development (EBRD) Trade Facilitation Programme (TFP)...

19 May 2014

Northland secures record offshore wind farm financing

Canadian power-producer Northland Power has reached financial close for its Project Gemini wind farm at €2.8 billion ($3.8 billion), making it the largest project...

19 May 2014

Sahara Energy recruits Trafigura head of finance

Singapore-headquartered Sahara Energy International, the trading arm of Sahara Group, has appointed former Trafigura head of finance Alexander Peters as its new chief...

19 May 2014

Mars UK revises supplier payment terms

Mars UK is changing its business payment terms, doubling the length of time it can take to pay suppliers to 120 days from 60 days.

16 May 2014

Western banks launch FX cash management programmes in Shanghai FTZ

Western banks continue to make inroads in the provision of cash management structures and solutions for their clients operating in the Shanghai Free Trade Zone (FTZ).

15 May 2014

AfDB approves major loan for Angolan energy sector

The African Development Bank (AfDB) has approved a $1 billion loan for the Angola Power Sector Reform Support Programme.

15 May 2014

Citi fires 12 staff over Mexican unit fraud

Citigroup has sacked 12 members of staff in relation to the suspected fraud at its Mexican banking unit that led the group to revise its 2013 income down by $235 million.

14 May 2014

ING signs unsecured loan with Norilsk Nickel

Russian metals and mining company Norilsk Nickel has signed a $200 million unsecured loan with ING Commercial Bank (Russia).

14 May 2014
in
Agri/Soft Commodities, Infrastructure, Manufacturing & equipment, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

Sweden’s SEK and China’s BoC sign ‘green’ export finance facility

Swedish Export Credit Corporation (SEK) and Bank of China (BoC) have entered into a €100 million master export credit facility agreement specifically related to the...

13 May 2014

RBS launches RMB cross-border cash pooling

The Royal Bank of Scotland (RBS) has launched renminbi (RMB) cross-border cash pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone...

13 May 2014

Educating Decision Makers About Country Risk

At a board meeting of a top 20 multinational corporation, the question of whether to invest $50 million in a project in a Middle Eastern Country was discussed. The...

13 May 2014
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

FIMBank appoints head of trade finance

Malta-headquartered FIMBank has appointed Maarten van Alkemade as head of its trade finance department. A Dutch national, van Alkemade joins FIMBank from Coalogic,...

13 May 2014

Allianz Global appoints head of financial institutions in London

the role of head of financial institutions (FI) regional unit London. Her responsibilities will be to, drive the FI portfolio and work with new and existing clients....

12 May 2014

Commodities industry discusses challenges and opportunities ahead at TXF conference

Commodity producers, traders and financiers gathered in Amsterdam last week for TXF's inaugural Natural Resources & Commodities Finance conference. Held at the Beurs van...

12 May 2014

China Exim to fund Kenyan port rail link

The Chinese and Kenyan governments have signed an agreement whereby Chinese contractors will build a new rail link between the Indian Ocean port of Mombasa and the Kenyan...

09 May 2014

Digital agricultural clearing house to launch in Jamaica

Jamaica’s first digital agricultural clearing house using SMS to Web technology will launch in August, connecting small farmers with buyers.

08 May 2014

ABN appoints Chang as Asia head of commodities

ABN AMRO has promoted Jacqueline Chang to the newly created role regional head of commodities Asia, as part of an expansion of the bank’s global commodities activities...

08 May 2014

Musoni to extend mobile agri-finance to Uganda

East Africa-focused microfinance platform Musoni will extend to Uganda by year-end, focusing from the start on rural regions and agricultural finance, according to CEO...

08 May 2014

Equinox Global becomes Lloyd’s coverholder in the US

Equinox Global, the Lloyd’s coverholder specialising in trade credit insurance, has moved into a new office in New York and has been approved as Lloyd’s coverholder in...