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News
20 June 2016

Outstanding foreign debts of Korean banks surpass 40trn won

Foreign liabilities that Korean banks - including ECA Kexim - have to pay back by 2017 have surpassed 40 trillion won, the Korea Times reports. This is an alarming...

News
20 June 2016

CDP, Socar, Exiar and Gazprombank sign MoU for Azerbaijani petchems plant

With this agreement, the companies are expressing their mutual interest in financing the GPC Project, which involves the construction of a petrochemical plant at...

News
20 June 2016

RDIF and Middle Eastern funds invest in Russian agri firm

The Russian Direct Investment Fund (RDIF) and leading funds from the Middle East announce investment in AFG National, a vertically integrated agro-industrial holding....

News
20 June 2016

TPP and RCEP – friends not foes

In a blog, Ganeshan Wignaraja, advisor with the Asian Development Bank’s Economic Research and Cooperation Department, argues that two regional trade initiatives...

Perspective
17 June 2016

Trading more than insults: how would Brexit impact trade finance?

All the British EU referendum seems to have been good for so far is trading insults - as emotions run high in the last few days before the historic 23 June vote, and...

News
17 June 2016

iGTB delivers due diligence enhancing tool for Euro Exim Bank

iGTB, a platform of Intellect Design Arena Ltd, developed and provided DDIQ, a tool which enhances due diligence and Know Your Customer processes through cognitive...

News
17 June 2016

IFC and OPIC finance power plant to improve Senegal energy supply

IFC and the Overseas Private Investment Corporation inaugurated the Cap des Biches power plant, a dual-fuel plant which will bring power to 100,000 people. IFC was...

News
17 June 2016

Standard Bank extends US$95m facility to Helios Towers Tanzania

Standard Bank provided a $95 million facility to Helios Towers Tanzania, a subsidiary of Helios Towers Africa, to further develop the company's network of...

News
17 June 2016

MET Group increases multicurrency credit facilities to 500 million euros

MET Group, a European energy marketer, increased its senior secured multicurrency credit facilities from 400 to 500 million euros, due to strong demand. The upsized...

News
17 June 2016

VTB Group to provide 100bn rubles in factoring financing to Rostec

Russian bank VTB Group signed an agreement with Russian hi-tech state corporation Rostec to provide a 100 billion ruble factoring programme towards Rostec's energy...

News
17 June 2016

Trafigura Profit Boosted by Angola Buying Dormant Iron Ore Mine

Trafigura Group's first-half profits were buoyed by the sale of a dormant iron ore mine to the Angolan government for $265 million. The sale allowed the...

News
17 June 2016

Noble Group credit rating cut by S&P despite cash raising

Embattled trader Noble's credit rating was cut deeper into junk by Standard & Poor's ratings agency, from BB- to B+, with a negative outlook. This latest...

News
17 June 2016

MIGA names Sarvesh Shuri as Director, Muhamet Fall as Associate Director

The Multilateral Investment Guarantee Agency (MIGA), the political risk branch of the World Bank Group, announces the appointment of Sarvesh Suri as Director for...

Perspective
16 June 2016

Factoring reaches record high

Factoring volumes are growing as supply chain finance offers low-risk financing in highly risk-averse trade finance markets, new figures from a factoring consortium show,...

News
16 June 2016

How Acerium disrupts market with escrow trade finance

Acerium is the new kid on the trade finance block but is using a traditional financial tool to deliver a fundamentally different type of transaction. Oliver...

News
16 June 2016

John Carroll joins ICC to lead policy programme

The International Chamber of Commerce (ICC) has hired John Carroll to relaunch and lead its new UK Trade and Investment Policy programme. His role will draw on his...

News
16 June 2016

India and Iran vow to boost bilateral trade

India's ECGC has sealed a memorandum of understanding with the Export Guarantee Fund of Iran to increase trade and foreign investment between the two nations.

Perspective
16 June 2016

On the certainty of uncertainty

TXF's Connor Lovell speaks to Derek Halpenny, MUFG's European head of global markets research, about the certainty of uncertainty in today's risk landscape including...

News
16 June 2016

Sunil Bharti Mittal named ICC chairman

Sunil Bharti Mittal, founder and chairman of India's Bharti Enterprises, has been elected chairman of the International Chamber of Commerce (ICC). He has also...

News
16 June 2016

EFIC could offer lifeline to struggling steelmaker

Export Finance and Insurance Corporation (EFIC), Australia's export credit agency, could step in with a loan to help bail out the country's struggling...