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News
12 January 2017

White & Case hires Jasper Wauters as partner in Geneva

Jasper Wauters has joined law firm White & Case as a partner in Geneva, boosting the firm's global international trade practice. He advises on all aspects of...

News
12 January 2017

R3 to close blockchain's record investment

New York-headquartered blockchain banking consortium R3CEV is on the verge of closing a record funding round of $150 million. The funding was originally reported to be as...

News
12 January 2017

The rising Japanese investment in Africa

Japanese funders, including the Japan Bank for International Cooperation and the Nippon Export and Investment Insurance, committed $3.54 billion in project finance in...

News
12 January 2017

ICC Banking Commission welcomes new experts

The International Chamber of Commerce (ICC) Banking Commission has made a number of appointments to its Advisory Board, Executive Committee and Secretariat, including...

News
12 January 2017

ADB, ICC Academy unite to offer trade finance courses

The Asian Development Bank (ADB) and the International Chamber of Commerce (ICC) Academy have joined forces to offer training courses on global trade and trade finance....

News
12 January 2017

Islamic Development Bank to open first branch in India

The Islamic Development Bank (IDB) is to open its first branch in India. The IDB will be offering Islamic banking facilities in the country from Gujarat.

Perspective
11 January 2017

EEHC seals SACE-backed CCGT conversions

State-owned Egyptian Electricity Holding Company (EEHC) has tapped SACE cover for a tightly priced loan to finance the CCGT conversions of the Assiut and West Damietta...

News
11 January 2017

Solunion launches operations in the Dominican Republic

Solunion, the credit insurance joint venture of Euler Hermes and Spain's MAPFRE, has started operations in the Dominican Republic. MAPFRE BHD, MAPFRE's Dominican...

News
11 January 2017

Aidan Heavey to step down as Tullow chief executive

Aidan Heavey, founder and chief executive of London-headquartered Tullow Oil, is to step down from the role to become group chairman later this year. He will be replaced...

News
11 January 2017

Total buys control of Ugandan oil project from Tullow

France's Total is to buy a controlling stake in the Lake Albert development project, in Uganda, from London-headquartered Tullow Oil for $900 million. The deal is...

News
11 January 2017

World Bank: Global growth up to 2.7% despite weak investment

The World Bank has released its January 2017 Global Economic Prospects report, predicting that global economic growth will accelerate moderately to 2.7% this year after a...

News
11 January 2017

Sinosure opens $1.3bn credit line for Iranian refinery

China Export and Credit Insurance Corporation (Sinosure) has opened a $1.3 billion line of credit to finance the development of Iran's Abadan Oil Refinery. China...

News
11 January 2017

Capital Business Credit makes two executive hires

Capital Business Credit, a US-based supply chain finance group, has appointed Robert Grbic as president and chief executive officer, and Michael Fortino as chief...

News
11 January 2017

China Exim finances Bangladesh crude oil pipeline

China Petroleum Pipeline Bureau (CPP) has won a $694 million contract to build a ship-to-shore crude oil pipeline in Bangladesh. China will pay for 80% of the project...

News
11 January 2017

How can the '$1.6trn' trade finance gap be filled?

There is, according to the Asian Development Bank, a $1.6 trillion trade finance gap - but what can be done? There are no easy answers but speciality finance lenders and...

News
11 January 2017

India Exim launches export facilitation portal EXIM Mitra

The Export-Import Bank of India (India Exim) has launched EXIM Mitra, an online platform which offers information on financial products available to boost exports, and...

News
11 January 2017

VTB Austria arranges financing for Slovenian power group

VTB Austria has arranged €220 million in long-term financing for Holding Slovenske Elektrarne, a Slovenian state-owned electricity producer and trader.

Perspective
10 January 2017

Data mining: Investors beware

A growing number of investors in trade finance funds complain that low default risk trade data provided by the ICC Trade Registry is being used out of context to pitch...

Perspective
10 January 2017

Brainwave 2: ASI refinances and adds to original 2014 PV bond

Solar PV investment platform Azienda Solare Italiana (ASI) has closed a landmark hybrid refinancing – although an add-on to its 2014 deal the issue is still the largest...

News
10 January 2017

Financial close for Pakistan's China Exim-backed hydro project

Pakistan's 870MW Suki Kinari Hydropower Project, co-financed by the Export-Import Bank of China (China Exim), has reached financial close under the framework of...