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News
21 November 2016

Abu Dhabi Commercial Bank closes $600m facility

Abu Dhabi Commercial Bank has closed a three-year $600 million senior unsecured term loan facility. Wells Fargo Bank London branch acted as sole initial mandated lead...

News
21 November 2016

Petrobras: Brazil officials forced to give $60m back

Petrobras, Brazil's state-run oil group, has had $60 million returned to it by prosecutors leading a major corruption scandal. The money was retrieved from senior...

News
21 November 2016

Swiss open criminal investigation into former Trafigura executive

The Office of the Attorney General of Switzerland has opened criminal proceedings against a former senior executive at commodity trader Trafigura in a case reportedly...

News
21 November 2016

Etrion seals financing for Komatsu solar project

Swiss-headquartered solar power producer Etrion Corporation has sealed a $33 million financing deal with Sumitomo Mitsui Trust Bank for the construction of the Komatsu...

News
21 November 2016

FMO commits to Latin America biodiversity fund

Dutch development bank FMO has committed $25 million to an impact investing fund to conserve and promote biodiversity in Latin America. FMO's financing represents...

News
21 November 2016

Sinosure debt stalls Zimbabwe's Hwange expansion project

Zimbabwe has failed to clear an $11.2 million debt to China Export and Credit Insurance Corporation (Sinosure) - stalling the financial closure of the $1.1 billion...

News
21 November 2016

SACE backs loan to boost Specchiasol's internationalisation

Italian export credit agency SACE has guaranteed a €500,000 line of credit by Banco Popolare to support Verona-based Specchiasol's internationalisation. The...

News
21 November 2016

UKEF helps podiatry firm grow in Middle East

Liverpool-based podiatry group Algeos has expanded its services across the Middle East with the support from UK Export Finance (UKEF). UKEF guaranteed part of a...

News
21 November 2016

Hong Kong trials blockchain for trade finance

The Hong Kong Monetary Authority is testing a blockchain platform for trade finance. It is looking at how the technology can be used for smart contracts between buyers...

News
21 November 2016

IFC: Turkey to attract $28bn investment in renewable energy

Turkey will attract about $28 billion in investments in renewable energy by 2020, according to the International Finance Corporation (IFC). Foreign investors'...

Perspective
18 November 2016

Barak Management Fund eyes African chance in Islamic investment

The Barak Ibdar Shariah Trade Finance Fund is a new joint venture between Barak Management Fund and Ibdar Bank which sees Islamic investment herald the African commodity...

Perspective
18 November 2016

Reliance taps K-sure with 'aggressive' pricing

Despite the global slowdown in the shipping industry, Reliance Industries' recent K-sure-backed facility for the construction of six VLECs was two times oversubscribed by...

News
18 November 2016

Canadian firms boosted by EDC'S deal with Indian infrastructure group

Export Development Canada (EDC) has provided the rupee equivalent of $50 million in financing to Mumbai-based Infrastructure Leasing & Financial Services. It...

News
18 November 2016

China Exim to spend $1bn on Nigeria's economic zones

The Export-Import Bank of China (China Exim) is to spend $1 billion on Nigeria's special economic zones. The country wants to set up six special economic zones to...

News
18 November 2016

IADB: LatAm and Caribbean worst hit by trade slowdown

The value of Latin American (LatAm) exports dropped 14.8% in 2015 and 8.5% in the first seven months of 2016, the Inter-American Development Bank (IADB) found. LatAm...

News
18 November 2016

Nigeria negotiating free trade agreements

Nigeria is negotiating free trade agreements in a bid to boost global market opportunities for companies, the government announced. The Export Expansion Grant,...

News
18 November 2016

Petrobras sells Liquigas to Ultrapar for $819m

Debt-laden Petrobras, the Brazilian state-run oil group, has approved the sale of Liquigas Distribuidora - its liquified petroleum gas unit - to Ultrapar for $819...

News
18 November 2016

HSBC unveils changes to senior management team

HSBC Commercial Banking has revealed a number of changes to its senior management team. The moves include Sunil Veetil being appointed head of global trade and...

News
18 November 2016

TriLinc reveals new trade finance deals in LatAm and Africa

US-based TriLinc Global Impact Fund, which provides loans and finance to small and medium-sized enterprises, has approved $24.6 million in term loan and trade finance...

News
18 November 2016

Supply chain technology players to watch

A new category of blockchain supply chain technology providers is emerging, including Fluent, Open Trade Docs and Caravaggio. Aite Group profiles a selection of the...