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News
18 May 2016

Insurer Coface hires John Nicholson

Insurer Coface in the UK and Ireland has hired John Nicholas as risk underwriting director. He replaces Grant Williams, who becomes political risk director.

News
18 May 2016

RDIF signs MoU to boost Vietnamese trade

The Russian Direct Investment Fund (RDIF) and the Vietnamese State Capital Investment Corporation (SCIC) have signed a memorandum of understanding (MoU) to establish a...

News
18 May 2016

Guyana joins the Islamic Development Bank

Guyana has become the 57th member of the Islamic Development Bank (IsDB). Membership will give Guyana access to loans at concessionary rates.

News
18 May 2016

Jim Bell joins Bird & Bird as partner

Jim Bell has joined London-headquartered global law firm Bird & Bird in the Aviation and Aerospace Group. He has experience in advising banks, export credit...

Perspective
17 May 2016

Why are banks still steering clear of Iran? Q&A with Matthew Oresman

The lifting of Iranian sanctions following the country’s nuclear deal with the US heralded a wave of transactions and many predicted a gold rush.Global payment processor...

Perspective
17 May 2016

Petroleum Development Oman seeks $3bn PXF

Petroleum Development Oman, who traditionally rely on state funding, has turned to commercial banks for finance in the wake of lower oil prices, as the oil company seeks...

News
17 May 2016

World Bank loan rules to stress long-term effects

The World Bank will bring in new bidding rules for infrastructure loans to stress the importance of the long-term effects of projects on the environment and people....

News
17 May 2016

Ex-Bunge exec Pedro Parente is new Petrobras boss

Former Bunge executive Pedro Parente has been named chief executive of Brazil's ailing state-run oil company Petrobras. Parente was also chief of staff of former...

News
17 May 2016

ITFC announces new CEO

Eng. Hani Salem Sonbol has been named as the new chief executive officer (CEO) of the International Islamic Trade Finance Corporation (ITFC), a member of the Islamic...

News
17 May 2016

Kexim invests in US drug developer

The Export-Import Bank of Korea (Kexim) is investing $10 million in Kolon Group's US-based drug-developing subsidiary TissueGene. It is Kexim's first equity...

News
17 May 2016

Copper purification system to cut shipping costs

Australian mining group OZ Minerals has designed a refining process that allows it to increase the quality of its copper concentrate and cut export costs. Hydromet...

News
17 May 2016

Bolero works with BSM Global on one-stop portal

Trade finance specialist Bolero has teamed up with Australia-based consulting and solutions group BSM Global. Customers using both companies can now use a single...

News
17 May 2016

Marques is the new head of BNDES

Maria Silvia Bastos Marques, the former chief executive of steelmaker Companhia Siderurgica Nacional, has been named as the new head of Brazilian state development...

News
17 May 2016

Lax management at KDB and Kexim?

The Korea Development Bank (KDB) and Export-Import Bank of Korea (Kexim) have been accused of lax management and so-called 'parachute appointments', where...

News
17 May 2016

Abraxas Petroleum sees borrowing base cut

Texas-based Abraxas Petroleum has seen its borrowing base cut to $130 million, with a further reduction to $120 million due in October. The company is selling some...

News
17 May 2016

Kexim: Shipbuilders to suffer extended slump

An Export-Import Bank of Korea report has warned that the country's shipbuilders' worst-ever slump may stretch into next year, as demand for new ships is...

News
17 May 2016

Ince & Co makes Piraeus partner appointment

Global law firm Ince & Co has announced the partner promotion of Ronan Le Du in its Greek Piraeus office. He joined in 2006 and specialises in ship finance and...

News
17 May 2016

Insurer Chaucer hires Jonathan Bint

Former XL Catlin underwriter Jonathan Bint has joined Lloyd's insurer Chaucer as political risk underwriter and analyst. He will help drive Chaucer's political...

Perspective
16 May 2016

İşbank breaks record for $1.4bn trade revolver

Turkey's largest private bank, İşbank, has increased the size of its annual revolving credit facility last week - a $1.4 billion syndicated loan with a record 47...

Perspective
16 May 2016
in
Infrastructure, Transport

Norwegian Cruise Line closes $498m deal for ultra-luxury vessel

Italian shipbuilding continues to boom with last month’s ECA-backed loan for a new vessel from Fincantieri.