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News
17 February 2016

Insolvency risk high in 2016, says Atradius

The number of insolvencies in advanced markets is set to fall only 3% this year - the worst performance since 2012, according to credit insurer Atradius. Sluggish oil...

News
17 February 2016

UK bids to deepen trade ties with Kenya

The UK is attempting to increase trade with Kenya as Lord Clive Hollick, the envoy to East Africa, visits the country this week. He will explore trade opportunities,...

News
17 February 2016

Glencore refinances $8.45bn facility early

Swiss-based commodity giant Glencore has closed the senior syndication of a new revolving credit facility. The deal will refinance and replace its existing $8.45...

News
17 February 2016

EBRD loan to boost Croatian distributor Orbico

The European Bank for Reconstruction and Development (EBRD) is lending Croatian consumer goods distributor Orbico up to €20 million. The loan will enable Orbico...

News
17 February 2016

K-sure to support exports to Iran and Cuba

The Korea Trade Insurance Corporation (K-sure) will provide 196 trillion won worth of insurance this year to back businesses exporting to Iran, Cuba and other new...

Perspective
16 February 2016

A changing world: tapping in to trade opportunities

At a BNY Mellon-hosted roundtable in Abu Dhabi, TXF sat down with a number of UAE banks to discuss the region’s economic developments, the evolving trade arena, and how...

Perspective
16 February 2016

Nokia leans on Finnvera for global expansion plans

Nokia — Finland’s premier telecoms company — is in the process of finalising its takeover of France’s Alcatel-Lucent in a $16.6 billion deal that will propel the ailing...

News
16 February 2016

NDB and AIIB "friends not foes"

The New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB) will work together - rather than compete against each other - on infrastructure...

News
16 February 2016

Kenya-Ethiopia trade set to benefit from AfDB-funded border post

Trade between Kenya and Ethiopia is expected to be boosted by the completion of a one-stop border post in May. The project, funded by the African Development Bank...

News
16 February 2016

Commonwealth Bank of Australia shuts project advisory team

The Commonwealth Bank of Australia has shut its five-person project advisory team amid falling demand for its services. The team's members are being allocated to...

News
16 February 2016

Lending limit drop may spur oil industry shakeout

The borrowing bases for 45 speculative-grade oil and natural gas producers will fall by an average of 20% to 30% when banks take a fresh look in April, according to...

News
16 February 2016

India to chair NDB for next 11 months

India has taken over the chairmanship of the New Development Bank (NDB) for the next 11 months. The country's prime minister, Narendra Modi, has proposed ten...

News
16 February 2016

Bunge shares drop as CEO predicts difficult year

America-headquartered agribusiness Bunge has warned that 2016 will be a challenging year because of slumping US farm exports and processing margins. Chief executive...

News
16 February 2016

Andre Casterman joins Intix management team

Intix, a Belgium-based provider of software solutions for the financial industry, has appointed Andre Casterman to its management team. Casterman, the former global head...

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...