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News
16 February 2016

HFW expands projects team with partner hire

International law firm Holman Fenwick Willan (HFW) has taken on Hugues de La Forge as a projects partner at its Paris office. He was previously a partner at Jeantet in...

Perspective
15 February 2016

Citi’s trade chief: 2015 was the riskiest year to date

In a wide-ranging interview, Citi’s global head of trade, John Ahearn, talks to TXF’s Hesham Zakai about challenging pricing in the market; why 2015 was the riskiest year...

Perspective
15 February 2016

NPT taps NEXI to meet Vietnam's capex splurge

Vietnam's state-owned National Power Transmission Corporation (NPT) has signed a $200 million loan facility for a coal-fired power plant, backed by Japanese export credit...

News
15 February 2016

IFC and SMBC set up $1bn trade financing facility

The International Finance Corporation (IFC) is teaming up with Japan's Sumitomo Mitsui Banking Corporation (SMBC) to set up a $1 billion trade financing facility. The...

News
15 February 2016

UAE and Middle East trade finance up despite problems

Trade finance in the United Arab Emirates (UAE) and Middle East is growing, but faces challenges relating to the economic slowdown, high cost of compliance, tightening...

News
15 February 2016

Seoul unlikely to see $2.5bn it loaned to North Korea

South Korea is unlikely to get back $2.5 billion in outstanding loans and interest payments it provided North Korea as relations between the two nations freeze. Almost...

News
15 February 2016

Noble Group LNG traders "leaving to join Glencore"

Three liquefied natural gas (LNG) traders at Hong Kong-based Noble Group are leaving to join Swiss-headquartered Glencore, sources familiar with the matter told...

News
15 February 2016

India Ex-Im in $150m deal to develop Iran's railways.

The Export-Import Bank of India (India Ex-Im) has signed a $150 million financing deal with Iran's development bank for industries and mining to upgrade the...

News
15 February 2016

ABN AMRO appoints head of renewable energy

Amsterdam-based ABN AMRO has hired Marie de Graaf as head of renewable energy as part of the bank's energy, commodities and transportation clients business. She...

News
15 February 2016

UKEF chief: Finance and insurance are a must for businesses

Louis Taylor, the chief executive of UK Export Finance (UKEF), says no export should fail for lack of finance or insurance from the private sector. He tells Business...

News
15 February 2016

Allied World launches trade credit insurance suite in Canada

Swiss-based Allied World Assurance Company has announced that its suite of trade credit and political risk insurance products are available in Canada. The coverage...

Perspective
12 February 2016

Lundin signs Europe’s largest reserve-based loan

As oil prices reached 12-year lows with wide-ranging consequences for the petroleum industry, Lundin Petroleum (Lundin) sealed the largest-ever reserve-based lending deal...

Perspective
12 February 2016

Bank-fintech alliances set to revolutionise B2B payments

In a new report just released, it asserts that banks and fintechs should collaborate rather than compete, as a strategy to overcome some of the challenges facing the...

News
12 February 2016

BNP Paribas backs out of reserve based lending

French bank BNP Paribas has shut down its reserve-based lending business in Houston after 13-year-low oil prices stoked concerns of rising loan defaults among...

News
12 February 2016

Zurich warns of more capital controls as commodity prices fall

Low commodity prices are raising political risk and causing capital controls in the emerging markets, warns Zurich. The credit and political risk insurer states...

News
12 February 2016

WindMW mandates Deutsche Bank for Meerwind refinancing

WindMW, owner of the Meerwind offshore wind park, mandated Deutsche Bank in December 2015 to refinance a series of loans and bonds on the 288MW Meerwind Sud/Ost...

News
12 February 2016

Maersk suffers on the back of slower global trade

Maersk, the world’s largest container shipping company, has stated that business conditions are markedly worse than during the 2008 financial crisis as the...

News
12 February 2016

JCPS issues $1.2bn bond to fund sugar crop

Jamaica Cane Product Sales Limited (JCPS), owner of the Jamaica Gold brand and a marketer of raw bulk sugar, has issued a  $1.2 billion privately-placed bond to...

News
12 February 2016

Concord Resources signs $250m loan from Goldman subsidiary

New metal trader Concord Resources has signed a $250m one-year credit line from J Aron, Goldman Sachs’s commodity lending arm. Concord, which is based in...

Perspective
11 February 2016

20 years in the making: factoring’s long-awaited union

At the beginning of the 2016, Factors Chain International (FCI) and International Factors Group (IFG) merged to form the world’s largest factoring network. The...