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News
05 October 2015

Trade growth in Rwanda boosted by $10m Afreximbank facility

The Cairo-based African Export-Import Bank (Afreximbank) and the Development Bank of Rwanda (BRD) have signed a facility agreement for a $10 million Afreximbank line...

News
05 October 2015

Shares in Glencore up amid sale reports

Shares in Swiss-headquartered commodity trader Glencore increased sharply amid reports that its board was open to offers for the company. Shares in London jumped by as...

Perspective
02 October 2015

Hapag-Lloyd secures $372 million Korean ECA-backed finance for new ships

Shipping company Hapag-Lloyd has signed a $372 million finance facility agreement with a syndicate of international banks backed by South Korean export credit agencies...

Perspective
02 October 2015

As the engine of global trade, SMEs need help

According to the International Chamber of Commerce (ICC) 2015 Global Survey of Trade Finance, SMEs are struggling to access finance despite playing a key role as both...

News
02 October 2015

EKF supports two UK biomass projects

Danish export credit agency EKF has just issued guarantees worth almost DKK1.1 billion for two new biomass power plants in north-east England: Port Clarence in...

News
02 October 2015

Zurich names new US executive as Riordan departs

Daniel Riordan, Zurich Financial Group CEO of global corporate business in North America, has left the insurer and will be replaced by the Zurich's reinsurance...

News
02 October 2015

Kexim puts Daewoo under pressure

South Korea’s second-largest shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has hit a hurdle in its efforts to obtain a capital injection after...

Perspective
01 October 2015

Trafigura closes $2.2 billion loan facilities in Asia with strong bank support

Trafigura Pte, the Singapore arm of global commodity trading company Trafigura has successfully closed its new syndicated revolving credit facility (RCF) and term loan...

News
01 October 2015

Treasury speakers announced for TXF Trade and Treasury event

Four new speakers have been announced for the TXF Trade and Treasury event in Frankfurt on the 12 November - 13 November. Fatah Berkane, treasury & finance...

Perspective
30 September 2015

SME trade finance gaps and diminishing correspondent banking highlighted by ICC survey

Small and medium-sized enterprises (SMEs) are among the hardest-hit by the trade finance gap – accounting for more than half of all rejected transactions, according to...

News
30 September 2015

13 more banks join R3's distributed ledger initiative

R3 has revealed that 13 more of the world's leading banks have joined its partnership to design and apply distributed ledger technologies to global financial...

Perspective
30 September 2015
in
Oil & gas

BAFT publishes oil and gas best practices financing report

The financial services association BAFT has published a new guide designed to help practitioners involved in oil and gas financing transactions. The Oil and Gas Industry:...

News
29 September 2015

Glencore shares tumble on concerns over commodity prices

Glencore, the trading house that made billionaires of its top executives in a record-breaking flotation four years ago, lost up to a third of its market value in...

News
29 September 2015

Reliance to raise $1.5bn to refinance old loans

India's Reliance Industries plans to raise $1.5 billion to refinance its old loans. Reliance will raise the loan in two tranches - $1.36 billion in US dollars and...

News
29 September 2015

GE to move engine plant to Canada as US export financing nixed

General Electric said on Monday it will move production of large, gas-powered engines to Canada from Wisconsin, along with 350 jobs, to access export financing no...

News
29 September 2015

Olam plans to double African coffee estates

Olam International, the commodity trader controlled by Singapore's investment company, plans to more than double coffee-plantation acreage in Africa to improve...

Perspective
29 September 2015

Russia sanctions and trade finance: time to update procedures

Sanctions on Russia and Crimea have introduced additional regulatory and commercial considerations for companies engaging in business transactions with certain parties in...

News
28 September 2015

ACCC grants exemptions to three wheat port terminals

Wheat Code exemptions have been issued for three Australian port terminal service providers. The final determinations were issued for WA Chip & Pulp Co...

News
28 September 2015

ADB to double climate finance to $6 billion

The Asian Development Bank (ADB) plans to double its lending support for projects aimed at climate change mitigation and adaptation to $6 billion by 2020. The...

News
28 September 2015

Jobs to go at Glencore's Zambian unit

Glencore's Zambian unit Mopani Copper Mines has revealed plans to lay off more than 3,800 workers because of high production costs and dropping metal prices,...