Indian blockchain initiative BankChain has completed work on its first blockchain project. Clear-Chain is a permissioned blockchain that allows banks to share data...

Card companies are still failing to make major inroads at capturing B2B or B2G spend volumes, despite the proliferation of card products now available to corporates. Part...

The Union Shipping Ministry has identified 110MW of potential and is looking beyond captive consumption to meet targets. The Indian Ports Association (IPA) will plan the...

Banks must act fast to implement instant payments or risk losing market share as the SEPA Instant Credit Transfers (SCT Inst) scheme revolutionises the way cross-border...

Citi plans to expand its corporate banking operations across Asia-Pacific in response to the rising importance of China on the global trade stage. The US's retreat...

The largest renewables auction will run from May 29 to June 9, in two stages. A minimum 40% of equipment must be domestically produced and Rosatom will retool...

Liberty House and SIMEC, Sanjeev Gupta's GFG Alliance, has launched a financial services arm, Wyelands Capital. Paul Sharma, former deputy head of the Prudential...

The government intends to raise the five-year commercial loan with an expected interest margin below 200 bps over Libor. The unsecured facility would be followed by...

Uganda, Tanzania and partners Tullow Oil Uganda, Total E&P and China National Offshore Oil Corporation will turn to international lenders to raise 70% of $3.5 billion...

Metro Pacific Tollways Corp is set to finance the construction of the Cavite-Laguna Expressway (Calax), the Cebu-Cordova Link Expressway and the Cavitex C-5 South Link in...

Samsung Electronics is setting up a new fund worth $447.5 million to help suppliers with cash flow that will go towards supplier financing in an effort to ease cash flow...

A China Datang Overseas Investment, Pembangunan Perumahan and Sumberdaya Sewatama consortium have signed with Indonesian electricity distributor Perusahaan Listrik Negara...

Potential investors in Hong Kong-headquartered Noble Group will be scrutinising the company's remaining businesses after a torrid few years. They include gasoline...

Sri Lanka has been offered a $24 billion credit line from China under the 'One Belt One Road' (OBOR) initiative. The negotiations are at the preliminary stage...

Paulo Rabello de Castro, the new CEO of Brazil's development bank, insisted the institution should not act as a "customer service counter" for businesses...

Insurance and reinsurance group Ironshore has hired Russell Fisher as vice-president of its political risk and trade credit unit to underwrite European business. He will...

The Export Guarantee Fund of Iran (EGFI) and Slovakia's Eximbanka SR have signed a banking and insurance agreement. The groups also agreed to share their trade...

The EBRD has agreed a loan of up to €186 million to Egypt's Fayoum Water and Wastewater Company to develop and expand its wastewater services. The European...

Graphex Mining has agreed to the terms of a joint venture and offtake agreement over its Chilalo graphite project, in Tanzania, with a Chinese...

India Exim has extended a $500 million line-of-credit (LoC) to SBM (Mauritius) Infrastructure Company Ltd. The LoC will finance SBM's participation, through...