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News
18 February 2016

South Africa wants $250m from NDB for power project

South Africa has asked the New Development Bank (NDB) for $250 million in funding to connect new power plants to the national grid. The money would be used to build...

News
18 February 2016

Iranian banks reconnected to SWIFT network

A number of Iranian banks have reconnected to SWIFT, the global transaction network. The move allows them to resume cross-border transactions with foreign banks after...

News
18 February 2016

Argentina scraps mining export taxes

Argentina's new president, Mauricio Macri, has revoked the 5% tax which the previous administration collected on mining exports. The country produces aluminum,...

News
18 February 2016

Italian ECA SACE opens office in Dubai

SACE, the Italian export credit agency (ECA), has opened an office in Dubai. The office will manage a portfolio of insured transactions and guaranteed investments...

Perspective
18 February 2016

What can EDC’s SME programme teach other ECAs?

EDC has seen a 20% increase in the take up of its small and medium sized enterprises (SME) export programme following a recent rule change allowing the Canadian export...

Perspective
17 February 2016

Japan diversifies energy sources with US LNG investment

Japan has become the world's largest liquefied natural gas (LNG) importer as it diversifies away from nuclear power. A recent deal between Japanese export credit agency...

Perspective
17 February 2016

‘Disappointing’ trade figures cast doubt on UK export strategy

Despite offering new products and services to exporters, the British government is struggling to combat the country’s record £125 billion trade gap.

News
17 February 2016

EDC provides equipment financing for metal manufacturer

Export Development Canada (EDC) has provided $1.25 million in financing for the country's ISE Metal. It will allow the metal manufacturing company to buy new...

News
17 February 2016

IFC supports solar power project in Senegal

The International Finance Corporation (IFC) has agreed to help Senegal develop up to 200 megawatts of solar power as part of the World Bank Group's Scaling Solar...

News
17 February 2016

Sinosure blacklists Nigeria due to naira instability

The China Export & Credit Insurance Corporation (Sinosure), the country's export credit agency, has blacklisted Nigeria amid fears over the stability of the...

News
17 February 2016

First non-bank financier joins ICC UK Banking Committee

Falcon Group is the first non-bank financier to join the International Chamber of Commerce's (ICC) UK Banking Committee. It will be able to nominate staff to...

News
17 February 2016

Corporates line up for Singapore TXF event

Corporates will make up 68% of all delegates at next week’s TXF Singapore event.  TXF Singapore 2016: Trade, Treasury & Commodity Finance takes place...

News
17 February 2016

ADNOC offers India free oil in storage deal

The United Arab Emirates' Abu Dhabi National Oil Company (ADNOC) has offered free oil to India in return for a storage deal at its planned underground facility in...

News
17 February 2016

Sir Michael Rake is new ICC chairman in the UK

Sir Michael Rake is the new chairman of the International Chamber of Commerce (ICC) in the UK. His role includes being the figurehead for UK business at an...

News
17 February 2016

Insolvency risk high in 2016, says Atradius

The number of insolvencies in advanced markets is set to fall only 3% this year - the worst performance since 2012, according to credit insurer Atradius. Sluggish oil...

News
17 February 2016

UK bids to deepen trade ties with Kenya

The UK is attempting to increase trade with Kenya as Lord Clive Hollick, the envoy to East Africa, visits the country this week. He will explore trade opportunities,...

News
17 February 2016

Glencore refinances $8.45bn facility early

Swiss-based commodity giant Glencore has closed the senior syndication of a new revolving credit facility. The deal will refinance and replace its existing $8.45...

News
17 February 2016

EBRD loan to boost Croatian distributor Orbico

The European Bank for Reconstruction and Development (EBRD) is lending Croatian consumer goods distributor Orbico up to €20 million. The loan will enable Orbico...

News
17 February 2016

K-sure to support exports to Iran and Cuba

The Korea Trade Insurance Corporation (K-sure) will provide 196 trillion won worth of insurance this year to back businesses exporting to Iran, Cuba and other new...

Perspective
16 February 2016

A changing world: tapping in to trade opportunities

At a BNY Mellon-hosted roundtable in Abu Dhabi, TXF sat down with a number of UAE banks to discuss the region’s economic developments, the evolving trade arena, and how...