SWIFT has strengthened its customers' existing fraud controls by announcing a new real-time payment controls service. It will enable its customers to screen their...

Bank of Cyprus has appointed Nicholas Pavlidis, a former Royal Bank of Scotland senior manager, as head of its new shipping finance department. He will report to Louis...

Dr Frannie Leautier, senior vice president of the African Development Bank (AfDB) Group, is to step down, citing personal reasons. Charles Boamah, the current...

Acwa Power is nearing financial close on the KfW-backed element of its 170MW $225 million Noor PV1 project in Morocco. Noor PV1 comprises three photovoltaic...

Russian aluminium producer UC RUSAL and Runaya Metsource have signed an agreement to create a joint venture in India. It will specialise in the production of high...

The Angolan Ministry of Energy and Water has awarded Dominovas the $90 million finance build own operate transfer project in the Northwest. Funding will come from...

Germany's KfW IPEX-Bank and Caisse d'Epargne CEPAC have agreed a €50 million loan to French energy producer Neoen for two wind farm projects in France. They...

Cocobod’s 2017 pre-export refinancing will have two bank bidding groups - one down on the deal last year. Bookrunners on the 2016 facility, Deutsche Bank...

Sinohydro Bureau 10 Co Ltd, a subsidiary of Power Construction Corporation of China (Powerchina), is to bid for the EPC contract of the Kandadji hydropower plant in...

The European Central Bank said it is not likely to use distributed ledger technology as part of the eurosystem market infrastructure in the near future, arguing that the...

Italy's Banca Intesa Sanpaolo has tested a blockchain tool intended to validate trading data. The OpenTimeStamps protocol uses blockchain to notarise transactions,...

The majority of SMEs in the US and Europe would consider switching banks if they were offered real-time payments, according to a YouGov poll sponsored by payments...

Solairedirect Energy India was awarded a 250MW solar project at Kadapa in Andhra Pradesh with a flat Rs3.15 per unit. The auction winner is the Indian arm of French...

The Japnese conglomerate has acquired a 33.33% stake in a gas-fired combined-cycle power project being constructed near the Marcellus shale gas field in Pennsylvania. The...

To enable instant cross-border payments, systems currently in operation will need to be fully automated and synchronised with each other, while treasurers will need to...

Australia's small business ombudsman will call for legislation on late payments after her inquiry into the issue concluded that multinationals are effectively using...

The Midway II solar tracking development is located near Calipatria, California.  It has a 25-year PPA with Imperial Irrigation District and was part of Solar...

Denver-based tech startup Bext Holdings has launched a platform to facilitate instant payments for coffee farmers after the use of a patented Bext360 machine that...

Italian electricity transmission operator Terna is close to finishing the link that is part of the €800 million EU Trans-Balkan Electricity Corridor...

UK-based solar developer acquired a development pipeline from private equity investor ECOSolar. The ready-to-build and partially developed projects are all in Central and...