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News
14 March 2018
in
Oil & gas, Power

Summit and Mitsubishi sign MoU for LNG terminal and power project

Bangladesh's largest independent power producer Summit Power International Pte and Mitsubishi subsidiary Diamond Gas International have signed a memorandum of...

News
14 March 2018

The limits of tech on late B2B payments

Some players say electronic invoicing and electronic payments can help accelerate B2B invoice payments. The alternative finance market argues that solutions like invoice...

News
14 March 2018
in
Oil & gas

Petrobras' $2.35bn Roncador field sale is approved

Brazilian oil giant Petrobras has been authorised by the country's competition regulator to sell a 25% stake in the Roncador field to Norway's Statoil for $2.35...

News
14 March 2018
in
Renewables

Italy plans 4.8GW wind and solar auction programme

Italy’s Ministry of Development has submitted a draft decree for the introduction of a new incentive scheme (Decreto Fer) and mixed wind-solar auction mechanisms...

News
14 March 2018
in
Oil & gas

Mereenie well and processing plant upgrade given approval

A joint venture of Central Petroleum and the Macquarie Group has received an interim approval from the Australian Competition and Consumer Commission for marketing...

News
14 March 2018
in
Oil & gas

JBIC considers funding PetrolVietnam’s $10bn gas project

The Japan Bank for International Cooperation may fund the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government...

News
14 March 2018

NIB finances construction of a new Norwegian dairy for Tine

Nordic Investment Bank (NIB) and the Norwegian dairy company Tine have signed a €42 million 12-year loan to finance the construction of the company's new dairy...

News
14 March 2018

Finastra to automate Vietcombank’s trade finance operations

Finastra has been selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive the lender's digital transformation initiatives. Its...

News
14 March 2018

ADB sells $3.25bn global benchmark bonds

The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3.25 billion five-year global benchmark bond issue. The bond, with a coupon...

News
14 March 2018
in
Transport

Blockshipping using blockchain to transform shipping

New Danish company Blockshipping, whose CEO Peter Ludvigsen previously worked at Maersk Line, is using blockchain to make it easier for carriers to share containers with...

News
14 March 2018

StanChart: UK has $65bn potential trade with emerging economies

A new report by Standard Chartered examines the trading partnerships between the G7 and E7 (Emerging Seven) economies of Bangladesh, China, India, Indonesia,...

News
14 March 2018

DS-Concept opens office in Peru

Germany-headquartered trade finance group DS-Concept has opened an office in the Peru capital of Lima with the goal of financing foreign trade for companies in the...

News
14 March 2018

ADB says $66bn to be invested in Greater Mekong Sub-region

The Greater Mekong Sub-region (GMS) is expected to receive $66 billion in investment to strengthen regional economic cooperation in the next five years - with $7 billion...

News
13 March 2018

Opportunity of the day: CNPC arms to build Etana's $11.8bn Russia PET plant; first funding from Chinese banks

The Etana polyethylene terephthalate (PET) plastics and fibre project at Maisky in the North Caucasus republic of Kabardino-Balkaria is being developed in three distinct...

News
13 March 2018
in
Oil & gas

Bapco tests bank appetite for $4.2bn expansion

Bahrain Petroleum Company (Bapco) is testing bank appetite for its $4.2 billion Sitra expansion project. Financial close is expected by Q4 of 2018. The...

Perspective
13 March 2018
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

Global commodity finance 2017: A shift in structure

The TXF commodity finance report has revealed a year-on-year rise in global volumes from 2016. With Middle Eastern traders turning up the heat, Russian producers looking...

News
13 March 2018

Time running out for Noble Group to reach deal with funds

The moment of truth is approaching for Hong Kong-headquartered Noble Group. Nearly a year after a shock trading loss sent it spiraling toward collapse, the commodity...

News
13 March 2018
in
Metals and Mining

SUEK secures $1.055bn PXF

Moscow-headquartered Siberian Coal Energy Company (SUEK) has signed a $1.055 billion five-year syndicated pre-export loan agreement. The facility will be used for...

News
13 March 2018

China spending on Belt and Road energy projects drops 28% to $14bn

China's financing for Belt and Road energy projects dropped 28% to $14.3 billion last year, from $19.9 billion. The slowdown in spending came as the government...

News
13 March 2018

Funding Circle chooses bank partners for record-setting float

UK-based alternative lending platform Funding Circle has reportedly chosen the banks to help it go public. Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley...