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11 December 2018

ADB agrees $250m loan to boost cross-border trade in Yunnan

The Asian Development Bank has approved a $250 million loan to enhance cross-border trade opportunities and improve urban infrastructure and services in Lincang...

11 December 2018
in
Agri/Soft Commodities

Bunge confirms CEO Soren Schroder to step down

New York-based Bunge Limited has announced that its Chief Executive Officer Soren Schroder will step down. Schroder, who has served as CEO since 2013, will continue in...

11 December 2018

AXA XL: Etienne Champion hired as Head of Underwriting Asia International Reinsurance

AXA XL's reinsurance business has announced the appointment of Etienne Champion as Head of Underwriting Asia, International Reinsurance. He will be responsible for...

11 December 2018
in
Power, Renewables

TNB makes $32m investment in 180MW Indian hydro project

Malaysian power company Tenaga Nasional Bhd (TNB) is subscribing to a compulsorily convertible debenture for Rs2.256 billion ($31.5 million) as its investment in a 180MW...

11 December 2018

Oil margin pressure takes shine off Trafigura's annual profits

Commodity trader Trafigura Group has reported its lowest annual net profit in eight years as a drop in oil trading margins offset a strong performance by its metals and...

11 December 2018
in
Metals and Mining

Congo's Gecamines to boost stake in Boss Mining JV to 49%

Democratic Republic of Congo's state mining company Gecamines is increasing its stake in its Boss Mining joint venture with ENRC Africa Holdings to 49% after the...

11 December 2018
in
Oil & gas

Chaparral Energy sees credit facility raised to $750m

Oklahoma-headquartered independent oil and gas company Chaparral Energy has announced that the company's bank group has completed its borrowing base redetermination,...

11 December 2018
in
Infrastructure

UKEF and VAMED agree deal to boost UK healthcare exports

UK Export Finance and healthcare group VAMED Engineering have signed an agreement to grow VAMED's UK export supply chain and UK operations. The agreement sets out...

11 December 2018

Shop talk: Hermes reflects on Russia and 'click and cover' for SMEs

While the ripple effect of sanctions is still creating uncertainty around new Russian business, German exporter and lender confidence is returning to the region. TXF...

11 December 2018
in
Infrastructure, Transport

Eglinton Crosstown LRT received C$237m to keep on track

A report released by Ontario Auditor General has revealed that Metrolinx paid Eglinton Crosstown light rail project consortium, Crosslinx Transit...

11 December 2018

The US joins Pacific Region Infrastructure Facility

The Asian Development Bank has welcomed the United States as the newest member of the Pacific Region Infrastructure Facility (PRIF). The US joins ADB; the governments...

11 December 2018
in
Renewables

Silverpeak launches Renewables Investment Partners platform

Alternative investment management firm Silverpeak has launched a new renewable energy platform for institutional investors. Silverpeak Renewables Investment Partners...

11 December 2018
in
Telecoms and Communications

City of Cortez issues FTTH RfP

The city of Cortez, in Colorado, has issued a request for proposals for a fibre-to-the-home DBFOM project connecting all homes and businesses to a fibre...

11 December 2018

Currencies Direct switches on xCurrent from Ripple for Indian remittances

Currencies Direct is to open a new real-time cross-border remittance corridor to India using Ripple's xCurrent payment protocol. Using xCurrent, banks and...

11 December 2018
in
Power, Renewables

8minutenergy bought out by management

8minutenergy co-founder Martin Hermann has sold his interest in the company in a management buyout led by fellow co-founder Tom Buttgenbach. Company president Buttgenbach...

11 December 2018
in
Power, Renewables

Turkey tenders five solar projects

Turkey is tendering for the supply, delivery, installation and commissioning of five EU-backed solar projects and a hydroelectric power plant. The tender notice...

11 December 2018
in
Power, Renewables

Pipeline of US energy storage projects doubles in 2018

The US Energy Storage Monitor, published by Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA), reveals that the US energy...

11 December 2018
in
Agri/Soft Commodities

Cargill sinks $235m into Philippines expansion

US-based agribusiness Cargill is seeking to expand its animal feed business in the Philippines with a $325 million investment. The money will contribute to the growth...

11 December 2018
in
Metals and Mining

Five positions eliminated in New Gold management shakeup

Canada-focused New Gold eliminated five senior management positions in a reorganisation aimed at better aligning its corporate structure with a smaller asset base,...

11 December 2018

NIB funds new automated logistics centre for Lithuanian Post

The Nordic Investment Bank and Lietuvos Pastas (LP) have signed a ten-year loan of €17.5 million to finance the construction of a new centralised mail sorting...