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News
07 October 2015

Vitol raises record credit to flout commodity fears

Vitol - the world's largest independent energy trader - has signed credit facilities worth a record $8 billion. The facilities, from 57 banks, were raised after...

News
07 October 2015

Open US Ex-Im Bank, says Satellite Industry Association

Satellite Industry Association President Tom Stroup has urged US Congress to re-authorize the Export-Import Bank of the United States. He said the country had missed out...

News
07 October 2015

Olam: Global coffee stockpiles to shrink further

Singapore-based food trader Olam International says global supplies of coffee will shrink before the next crop in Brazil, the world's largest producer. Consumers have...

News
07 October 2015

SocGen sets up Australia infrastructure advisory

French bank Societe Generale has formed a new unit to advise on infrastructure projects in Australia, and appointed Marie Vinnell as director of the team. Vinnell will...

News
07 October 2015

ADB and CB Bank deal boosts Myanmar trade

The Asian Development Bank’s Trade Finance Program (TFP) and Cooperative Bank (CB Bank) have sealed a deal for the TFP to give up to $12 million of guarantees a...

News
07 October 2015

ICIEC appoints Oussama Abdel Rahman Kaissi as CEO

Oussama Abdel Rahman Kaissi has been appointed chief executive officer of the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) - the...

Perspective
07 October 2015

Vitol signs biggest revolver yet at $8 billion

Commodity trading house Vitol has signed syndicated revolving credit facilities (RCF) totalling $8 billion. The loans, being provided by a total of 57 banks, are the...

Perspective
07 October 2015

India’s IDFC Bank selects Misys for treasury and trade services

India’s newly-formed IDFC Bank has selected financial software company Misys as its preferred partner for its treasury and trade-related services. Under the agreement,...

News
06 October 2015

Chinese RMB in world payment currencies top 4

The Chinese RMB has overtaken the Japanese Yen to enter the top four of world payment currencies with a record high share of 2.79% in global payments, SWIFT's RMB...

News
06 October 2015

Standard Chartered 'most at risk from commodities crash'

London-headquartered Standard Chartered has the greatest exposure among European banks to commodity traders, with $1.9 billion of syndicated loans, according to...

Perspective
06 October 2015

Atradius chooses Bolero solutions for surety bonds branch

Credit insurer Atradius has chosen the financial solution provided by Bolero to efficiently process corporate transactions for corporate customers in its surety bonds...

News
05 October 2015

Supply chain finance vendors in 'open RFI' project

More than 30 providers of supply chain finance (SCF) services, including banks and technology platforms, are participating in a unique experiment to directly compare...

News
05 October 2015

Glencore shares soar on asset sale reports

Shares in embattled mining giant Glencore have jumped 17% following reports it was in talks to sell its agriculture business. The company's Hong Kong-listed shares...

News
05 October 2015

US, Japan and 10 countries strike Pacific trade deal

The US, Japan and 10 other Pacific Rim nations have struck the largest trade pact in two decades, in a huge strategic and political victory for US President Barack...

Perspective
05 October 2015

Trans-Pacific Partnership agreement finally reached

After five years of negotiations, agreement has been reached today in Atlanta on the far-reaching Trans-Pacific Partnership (TPP) trade deal. The TPP – an agreement...

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...