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News
25 January 2017

Global trade groups update trade transactions guidance

The Banking Commission of the International Chamber of Commerce, the Wolfsberg Group, and the Bankers Association for Finance and Trade have updated their guidance for...

News
25 January 2017

Senegalese exporters boosted by ITFC and Canada trade deal

Small and medium-sized enterprises in Senegal are set benefit from an export agreement signed by the Senegalese Export Promotion Agency, the International Islamic Trade...

News
25 January 2017

Pacific Drilling reveals credit facilities amendment

Luxembourg-headquartered Pacific Drilling has agreed with its bank to make amendments to its $500 million revolving credit facility and $1 billion senior secured credit...

Perspective
24 January 2017

Oman deal flow set to rise – albeit on a staggered basis

A number of state-owned Omani borrowers are already testing appetite for loans in 2017. But borrowers may have to stagger deal flow to avoid having to compete for lenders...

Perspective
24 January 2017

Virgin Voyages: Start-up funding but not as we knew it

Fincantieri ended 2016 with final confirmation of the Virgin Voyages cruise ship order - a deal for a start-up backed by one of Sace's largest single cover cruise ship...

News
24 January 2017

Nandita Parshad is new EBRD energy & natural resources head

The European Bank for Reconstruction and Development (EBRD) has appointed Nandita Parshad as managing director of its Energy and Natural Resources business group. She was...

News
24 January 2017

Gazprom mulls $6bn asset sales and dividend freeze

Russian oil and gas company Gazprom has revealed in its three-year budget that it is considering asset sales, freezing dividends and increasing its borrowing amid waning...

News
24 January 2017

Scorpio Tankers agrees newbuildings loans with Kexim, GIEK

The Export-Import Bank of Korea (Kexim) and Norway's GIEK are among the banks to have agreed $172 million in loans to Scorpio Tankers to partially fund eight...

News
24 January 2017

Claude Valade appointed CEO of Natixis Factor

Claude Valade has been appointed chief executive officer of Natixis Factor, a leading French domestic and global factoring group. He has also become a member of...

News
24 January 2017

Why bank supplier onboarding for KYC exceeds fintech efforts

Banks are requesting more know-your-customer (KYC) documents than ever before, according to Thomson Reuters. Steve Beck, head of Trade Finance at the Asian Development...

News
24 January 2017

2017: A year of political and banking risks for emerging countries

Uncertainties will continue to dominate the global economic climate this year despite the recent economic upturn, according to insurer Coface. High levels of company debt...

News
24 January 2017

China Exim finances Serbian coal mine expansion

The Export-Import Bank of China (China Exim) has financed the majority of a $715 million expansion of a Serbian coal mine and a new power plant. China Machinery and...

News
24 January 2017

Why a new small business blockchain is in fact a big deal

A new small business blockchain-based trade finance platform by seven European banks may have bigger implications than it seems. This is because of what it says about the...

News
24 January 2017

Tanzania seeks Turk Eximbank loan for railway

Tanzania has requested a loan from Turkish export credit agency Turk Eximbank to help finance a stretch of a new railway connecting its main port of Dar es Salaam to...

News
24 January 2017

XL Catlin gets final approval to open onshore reinsurance branch

XL Catlin's reinsurance business has received final approval to open an onshore reinsurance branch office in India. The Mumbai-based office will be led by Joseph...

News
24 January 2017

Trump signs executive order to dump TPP deal

US president Donald Trump has signed an executive order to withdraw from the Trans-Pacific Partnership (TPP). He insisted pulling out of the 12-nation trade deal was a...

Perspective
23 January 2017

Metinvest restructures debt following Ukraine conflict difficulties

Despite the conflict in eastern Ukraine and the crash in iron and steel prices, Metinvest has managed to restructure its debt and even lowered pricing on some of its...

Perspective
23 January 2017

Broad brush Brexit – but no details

Theresa May’s speech last week confirmed what many analysts expected - a hard Brexit and a farewell to the single market. But the speech was broad strokes, and the real...

News
23 January 2017

Bruce Sim joins ExWorks Capital in Miami

Bruce Sim, who boasts more than 25 years experience in global lending, trade finance, and cross-border transactions, has joined ExWorks Capital in Miami. He will focus on...

News
23 January 2017

Stephen Opuni sacked as CEO of Cocobod

Dr Stephen Opuni has been fired from his role as chief executive officer of Ghana Cocoa Board (Cocobod). He had been in the position since November 2013.