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News
31 January 2016

Skuchain receives funding to develop digital letter of credit

Californian firm Skuchain has received funding from several venture capital firms (VS) as it seeks to develop a digital letter of credit using blockchain...

News
31 January 2016

Goldman Sachs downgrades Caterpillar ahead of “commodity deflation cycle”

Goldman Sachs’s analysts have downgraded manufacturer Caterpillar from "Neutral" to their “Sell” rating with a $51 price target, indicating...

News
31 January 2016

Anglo American and Lonmin cut 9,000 jobs

Two South African miners Anglo American and Lonmin are set to cut a total of 9,000 jobs between the two firms. Around 4,000 roles are to go in Anglo’s iron...

Perspective
29 January 2016

How new French ECA Bpifrance will differ from Coface

After nearly 70 years as France's ECA Coface is set to transfer the handling of state export credit guarantees to French public investment bank, Bpifrance. The move will...

Perspective
28 January 2016

Wynne’s Words: Pointers for trade finance in 2016

2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance...

Perspective
28 January 2016
in
Telecoms and Communications

Telefonica feeds multinational procurement plans with catch-all ECA deal

Telefonica has tapped the export finance market for an innovative, catch-all facility to finance the mass procurement plans of its global subsidiaries. The Spanish...

News
28 January 2016

Danny Alexander's AIIB role leaves China unimpressed

Ex-Liberal Democrat Treasury minister Danny Alexander is set to land a top role at the new China-led Asian Infrastructure Investment Bank (AIIB) - although not...

News
28 January 2016

World Bank slashes outlook for 80% of commodites

The World Bank has reduced its price forecast for 80% of the world's major commodities. Oil prices fell by 47% last year and are expected to decline, on an annual...

News
28 January 2016

IMF extends Kenya's $680m credit facility

Kenya's $680 million credit facility with the International Monetary Fund (IMF) has been extended to March. The country secured the 12-month loan in February last...

News
28 January 2016

IFC helps NBK deliver trade credit

The International Finance Corporation (IFC) is providing a trade finance facility to the National Bank of Kuwait (NBK) - Egypt to support its trade operations. It aims...

News
28 January 2016

Former commodities giant Phibro bought by ex-Wall Street banker

A partnership founded by Simon Greenshields, the former co-head of commodities at Morgan Stanley, has bought US-based Phibro - once the 'largest physical commodity...

News
28 January 2016

US eases rules on Cuba trade financing

America has relaxed its rules for financing certain exports to Cuba. Some industries will now be able to arrange competitive export packages from the US, whereas...

News
28 January 2016

Infrastructure project bidding war heats up

Japan and China are increasingly being pitted against one another in the fight to win orders for infrastructure development. Demand for the projects is set to increase...

News
28 January 2016

EXIAR backs Russian agricultural exports to MENA

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has signed a deal with the country's Resource Group of Companies to insure the export of...

Perspective
27 January 2016

Barclays sheds entire London ECA team

UK bank Barclays made its entire London export finance team redundant last Friday, 22 January 2016, amid a wider cull of the bank’s investment banking division.

News
27 January 2016

SACE signs Iran deal to recover sovereign credit

SACE, Italy's export credit agency, has signed an agreement with Iran to recover €564 million in credit - a move which lays the foundations for reviving...

News
27 January 2016

Euler Hermes launches new risk solution for small US firms

Euler Hermes has become the first trade credit insurer in America to offer a customised product to protect micro and small businesses from the risk of not being paid...

News
27 January 2016

Has the global trade-development link peaked?

Trade may have been a key driver of global growth for developing countries and emerging markets but is the current pace and direction less helpful for development? And...

News
27 January 2016

ADB private sector financing rises to record $2.6bn

The Asian Development Bank (ADB) approved a record $2.6 billion of new financing and investments for the private sector in 2015, a 37% increase from a year earlier and...

News
27 January 2016

Oil and gas group PetroQuest sees borrowing base cut

PetroQuest Energy, a US-based independent oil and natural gas company, has seen the borrowing base on its credit facility drop from $55 million to $42 million.