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News
02 March 2016

Equinox Global boosts Netherlands team

Equinox Global, the Lloyd's cover holder specialising in trade credit insurance, has hired Maurice Stolk as credit analyst. Stolk, formerly of Atradius, will be...

News
02 March 2016

JBIC agrees loan for Bangladesh power plant facilities

The Japan Bank for International Cooperation (JBIC) has agreed a buyer's credit loan with Bangladesh Power Development Board to support the export of facilities...

News
02 March 2016

US Ex-Im set to increase loans to Egypt

The Export-Import Bank of the United States (US Ex-Im) has revealed tentative plans to raise the value of loans to Egypt to $1.5 billion in 2016. It will focus on...

News
02 March 2016

Mizuho and SMBC seal Japan's biggest project finance deal

Japan's Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC) have arranged what is believed to be the country's biggest ever project finance deal - a...

News
02 March 2016

Vitol has sold all its Russian assets to Swedish group

Vitol, the Swiss-based commodity trader, has reportedly sold all its Russian assets. The assets - a number of mine deposits - were bought last year by Swedish oil and...

News
02 March 2016

EBRD supports trade through National Bank of Greece

The European Bank for Reconstruction and Development's (EBRD) Trade Facilitation Programme is backing international trade with a facility to the National Bank of...

News
02 March 2016

Glencore positive on coal turnaround

Swiss-based commodity trader Glencore remains optimistic on the outlook for a coal turnaround despite a global slump and a huge drop in the company's profits....

News
02 March 2016

ADB signs trade finance deals with Vietnamese banks

The Asian Development Bank's (ADB) Trade Finance Programme has signed deals with two Vietnamese banks to provide guarantees of up to $100 million a year to support...

News
02 March 2016

Petrobras secures $10bn credit line from China

Petrobras, Brazil's state-run oil company, has secured a $10 billion credit line from the China Development Bank (CBD) in exchange for supplying oil to groups in...

News
02 March 2016

Vitol and Sargeant Marine launch asphalt business Valt

The Vitol Group and Sargeant Marine have launched a new asphalt trading venture, Valt. It will have volumes of about 1.3 million metric tonnes of asphalt per annum,...

Perspective
01 March 2016

TXF Export Finance Data: Coface is the most active ECA of 2015

Coface, the French export credit agency (ECA), was the single most active ECA in 2015 for medium and long-term debt supporting a total of $7.73 billion worth of...

Perspective
01 March 2016

Beni Suef continues Egyptian energy boom

Egypt's $1.49 billion December loan, backed by export credit agencies (ECAs), to build the Beni Suef power station – is just the latest example of the country's continued...

News
01 March 2016

Argentina agrees $4.6bn deal to settle US creditor row

Argentina has struck a $4.65 billion agreement with US creditors to end a 15-year debt row. The country's default on $82 billion foreign debt in 2001 set off a...

News
01 March 2016

ADB loan will boost Sri Lankan SMEs credit line

The Asian Development Bank (ADB) has sealed a $100 million loan agreement with Sri Lanka to strengthen small and medium-sized enterprises' (SMEs) access to...

News
01 March 2016

Glencore profits tumble amid commodity slump

Glencore, the Swiss-based commodity giant, has reported a 69% drop in annual profits. Its net income excluding significant items fell to $1.34 billion last year, from...

News
01 March 2016

ClearlySo hires Matthew Vickerstaff as investment banking head

ClearlySo, a UK-based impact investment intermediary, has taken on Matthew Vickerstaff as head of investment banking. He previously worked at Societe Generale, where...

News
01 March 2016

Mongolia wants $1.3bn China Ex-Im loan for coal railway

Mongolia is hoping to secure a $1.3 billion loan from the Export-Import Bank of China (China Ex-Im) to complete a railway connecting its Tavan Tolgoi coal deposit with...

News
01 March 2016

Trafigura's Jean-Pierre Valentini leaves Africa oil chief post

Jean-Pierre Valentini, Trafigura Pte's general manager for Africa, is leaving the commodity trader in the latest in a series of senior departures. Roald Goethe has...

News
01 March 2016

Olam posts Q4 net loss of S$221

Singapore-based commodity trader Olam International has posted a net loss of S$221.3 million for the three months ending in December 2015. The group made a net profit...

News
01 March 2016

Bibby hires Sam Cirelli to drive asset-based lending

Bibby Financial Services has appointed Sam Cirelli as senior vice president, business development, to drive new business for the company's asset-based lending...