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Perspective
12 October 2016

HSBC’s new global trade initiative: Bold or old?

HSBC is part of a group of international banks that offer opportunities for investors to participate in trade financing arrangements as part of their balance sheet...

News
12 October 2016

Emirates Trade Bank close to approval

The planned Emirates Trade Bank, set to be the world's first fully sharia-compliant trade finance bank, is close to being approved in Dubai. It will focus on...

News
12 October 2016

Coface and Cesce to back Dubai metro extension project

French export credit agency Coface and Spain's Cesce are set to back about $1.5 billion of the $2.5 billion debt for Dubai's project to extend its metro to the...

News
12 October 2016

Vitol sees first-half profits slump 42%

Profits at Swiss-headquartered commodity giant Vitol Group fell 42% to $546.4 million in the six months to June 30, from $938.7 million a year earlier, it was...

News
12 October 2016

BNDES freezes $4.7bn in overseas disbursements

BNDES, the Brazilian development bank, has temporarily frozen $4.7 billion in loan disbursements to a number of engineering groups caught up in the country's...

News
12 October 2016

China Exim to help fund Bangladesh sewage plant project

The Export-Import Bank of China (China Exim) is helping fund the $280 million Dasherkandi Sewage Treatment Plant project in Bangladesh.

News
12 October 2016

JBIC stays cautious on resource sector lending

The Japan Bank for International Cooperation (JBIC) has warned it will stay cautious on lending to the resources sector despite commodity prices rising this year.

News
12 October 2016

RDIF's portfolio company breaks ground on NDB-backed project

Nord Hydro-Beliy Porog, the Russian Direct Investment Fund's (RDIF) portfolio company, has broken ground on the New Development Bank-backed construction of...

News
12 October 2016

StanChart signs Commonwealth Trade Finance Facility MoU

Standard Chartered (StanChart) has signed a memorandum of understanding (MoU) for the Commonwealth Trade Finance Facility to help Commonwealth states get access to...

Perspective
11 October 2016

Petrobras debt reduction plans maintains lender attraction

Despite being below investment grade, Brazil’s largest oil company appears to have retained market confidence amid an ongoing political scandal and repeated allegations...

Perspective
11 October 2016

Vitol closes $8bn RCF despite revenue plunge

The RCF – which matches last year's largest-ever facility secured by the company – was heavily oversubscribed and is indicative of continued lender appetite for the...

News
11 October 2016

EIB warns Britain could lose access once it leaves EU

Brexit could cause Britain to lose access to billions from the European Investment Bank (EIB), its president Werner Hoyer warned. EIB lent Britain €7.8 billion in...

News
11 October 2016

ITFC and Egypt sign export financing deal

The International Islamic Trade Finance Corporation (ITFC) sealed an agreement with Egypt to support the country's export financing sector. It will boost...

News
11 October 2016

Firms may miss China trade and infrastructure boom

Few companies are taking advantage of China's 'Belt and Road' trade initiatives despite almost a quarter of firms using the renminbi to do business with...

News
11 October 2016

UniCredit makes head corporate finance advisory Italy hire

UniCredit has hired Andrea Petruzzello as head of corporate finance advisory Italy. He joined UniCredit in 2003 and was most recently managing director in corporate...

News
11 October 2016

Brexit: Ministers to give evidence to Lords inquiry

The Department for Exiting the European Union and Department for International Trade will give evidence on Thursday on UK negotiations, how Brexit will be delivered,...

News
11 October 2016

BOCHK completes first electronic back-to-back documentary credit

Bank of China (Hong Kong) (BOCHK) used Bolero's ePresentation solution for its first electronic back-to-back documentary credit. It cut the time to facilitate an...

News
11 October 2016

IFC selling stake in Rio Tinto's Guinea iron ore project

The International Finance Corporation (IFC) is selling its 4.6% stake in London-based mining group Rio Tinto's $20 billion Simandou iron ore project in Guinea.

News
11 October 2016

US ends Myanmar sanctions after almost 20 years

President Barack Obama has ended all of America's trade and investment sanctions against Myanmar. The sanctions have been in place since 1997 but gradually relaxed...

News
11 October 2016

EBRD funds energy project in Kyrgyz Republic

A European Bank for Reconstruction and Development (EBRD) loan and an EU grant will pay for electricity upgrades in the Kyrgyz Republic. It is EBRD's first energy...