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11 October 2018

BLME has completes first Sharia-compliant transaction via LiquidX

BLME (Bank of London and The Middle East) has completed its first Sharia-compliant transaction on the LiquidX Platform by acting as a funder to another participant within...

11 October 2018

Exporters’ Choice Awards: It's all in the delivery

TXF/Clevis' latest survey of 167 capital equipment exporters shows improved delivery year-on-year from all export finance banks. Credit Agricole is cited as top global...

11 October 2018
in
Metals and Mining

Drakelands mine owner Wolf Minerals ceases trading

Australia-headquartered speciality metals producer Wolf Minerals, which owns the Drakelands openpit mine in Devon, has gone into voluntary administration. The company...

11 October 2018

Standard Chartered, Huawei tackling corporate payments with IoT

Standard Chartered and China-based Huawei are jointly developing an internet of things-powered solution to address corporate communication with banks for financing or...

11 October 2018
in
Oil & gas

Lilis Energy announces $500m credit agreement

Texas-headquartered independent oil and gas company Lilis Energy has entered into a five-year, $500 million credit agreement. The credit agreement provides for a...

11 October 2018

ADB, OECD sign MoU to deepen partnership for Asia-Pacific

The Asian Development Bank and the Organisation for Economic Co-operation and Development (OECD) have signed a new five-year memorandum of understanding to deepen their...

11 October 2018
in
Oil & gas

Petrobras forms joint venture with Murphy in Gulf of Mexico

Brazilian oil giant Petrobras is forming a joint venture with US-based Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico. Petrobras will have a...

11 October 2018
in
Oil & gas

KIPIC signs ECA covered international tranche for Al Zour LNG terminal

Kuwait Integrated Petroleum Industries Company (KIPIC) has closed the international ECA covered tranche for its KWD1 billion ($3.294 billion) Al-Zour LNG importing &...

11 October 2018

Liberty Mutual launches Financial Risk Solutions unit

Liberty Mutual's Global Risk Solutions strategic business unit has joined two areas that independently provided credit and political risk products into a single...

10 October 2018
in
Renewables

Fitch expects Japan to add 17GW of solar to grid by 2020

A Fitch Solutions Macro Research review of the Japanese solar industry is predicting a 17GW increase of grid-connected solar by 2020. The additional capacity is...

10 October 2018
in
Power

Uzbekistan signs contract for Sirdaryo power plant upgrade

The government of Uzbekistan has signed a $219 million contract for the modernisation of the Sirdaryo thermal power plant with engineering company OJSC...

10 October 2018

Santander: Jon Richman is new head of US Trade and Working Capital Solutions

Santander Corporate & Investment Banking has appointed Jon Richman as head of Trade and Working Capital Solutions in the US. Richman will report to the head...

10 October 2018
in
Agri/Soft Commodities

Glencore Agriculture blames £4m loss on lack of exportable surplus

Glencore Agriculture UK has plunged to a £4 million pre-tax loss after a sharp dip in the number of tonnes traded. Its annual financial report, made up to 31...

10 October 2018

GLIL receives £550m from pension funds for infrastructure investment

GLIL Infrastructure LLP (GLIL) has received pledges totalling £550 million from its local authority pension fund partners for investment in greenfield sites,...

10 October 2018

EBRD loan helps Turkish confectionery exporter Kervan expand

The European Bank for Reconstruction and Development is providing a five-year loan of $7.5 million to Turkish jelly product exporter Kervan Gıda Sanayi ve Ticaret...

10 October 2018
in
Renewables

ThomasLloyd acquires stake in SolarArise India

ThomasLloyd has acquired a significant stake in the GEEREF and CIIF backed project developer SolarArise India Projects Pvt Ltd. SolarArise currently owns and operates...

10 October 2018
in
Infrastructure, Waste and water

Aberdeen Standard invests £65m in Anglia Water green bonds

Anglian Water’s green bond programme has attracted a £65 million investment from Aberdeen Standard Investments on behalf of its strategic clients,...

10 October 2018
in
Renewables

Total EREN to build solar power plant in Uzbekistan

French Total EREN and Uzbekenergo have agreed to jointly implement a project for the construction of a photopower station in the Samarkand region. The International...

10 October 2018
in
Metals and Mining

Is the reign of Glencore’s billionaire copper king near its end?

Aristotelis Mistakidis is one of the world’s most powerful commodity traders. For nearly 20 years, the brash, hyperactive Greek known to everyone simply as...

10 October 2018
in
Metals and Mining, Power

Relief nears for troubled Indian mega projects relying on imported coal

A three-member committee set up by the Indian state of Gujarat to look into troubled mega thermal power projects set up by Adani Power, Tata Power and...