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26 October 2015

EIB's credit deal for European SME and Midcap exporters

The European Investment Bank (EIB) has signed its first ever facility to provide buyer credit financing for European SMEs and Midcap exports. The EIB teamed up with...

26 October 2015

Russia-Belarus trade boosted in deal

Trade between Russia and Belarus has been boosted after the Russian development institution Vnesheconombank and OJSC Development Bank of the Republic of Belarus sealed...

26 October 2015

Matador extends RCF and reaffirms borrowing base

US-based Matador Resources Company has amended its revolving credit facility to extend the maturity date from December 2016 to October 2020. Matador's lenders...

26 October 2015

Trade insurer ATI cleared for group membership

The Nairobi-based African Trade Insurance Agency (ATI) has been cleared for membership of the Economic Community of West African States. The ATI has so far advanced...

26 October 2015

JBIC, NEXI, KEXIM set to finance Marubeni power plant

Japanese trading firm Marubeni Corp and its four partners will build a $2 billion coal-fired power plant in Indonesia in a project set to be financed by export credit...

23 October 2015

JBIC inks deal to promote Japanese investment in Indian state

Japanese export credit agency the Japan Bank for International Cooperation has signed a memorandum of understanding (MoU) with the Indian state of Andhra Pradesh,...

23 October 2015

Russian sanctions cost SACE billions

Italian Export Credit Agency SACE has been hit by losses of up to 3 billion euros because of sanctions against Russia, head Giovanni Castallaneta said. "This is a...

23 October 2015

Vitol to be Iraq's main supplier of gas oil imports in 2016

Swiss-based commodity trader Vitol is likely to be the main supplier when Iraq's State Oil Marketing Company (SOMO) imports more than 1.8 million tonnes of gas oil...

23 October 2015

Trafigura stands alone in vowing to open its books

Swiss-based commodity trader Trafigura is the only company in the sector promising to open its books. The Dutch group will publish its first disclosures compatible...

23 October 2015

Trafigura-backed Puma raises Africa fuel storage

Puma Energy will increase its sub-Saharan African fuel-storage capacity to meet rising demand. The fuel supplier, whose largest shareholder is Trafigura, will add 350...

23 October 2015

Russian dominance threatened by Saudi-Polish crude trade deal

Polish refiner PKN Orlen is set to take its first delivery of crude from Saudi Arabia - a shipment which could mark the start of a new trade relationship. The delivery...

23 October 2015

Goldman hires Glencore and Moore Capital commodity traders

Goldman Sachs has hired traders from Glencore and hedge fund Moore Capital Management as the bank seeks to rebuild its bulk commodities team following a string of...

22 October 2015

London RMB trade finance rise key to internationalisation

Britain's role in the internationalisation of the renminbi is crucial, experts said. The total trade finance in the Chinese currency through London more than...

22 October 2015

Olam: Ghana cocoa crop threatened by record dry spell

Ghana's cocoa crop may be smaller than forecast amid the driest third quarter in 35 years, according to agricultural producer and trader Olam International. The...

22 October 2015

World's major oil traders see no respite for weak price

The world's largest oil traders have a gloomy outlook on the crude price - which they expect to drop below $60 a barrel. Record-high production plus a fall in...

22 October 2015

Glencore's focus on shares will hit coal sellers

The efforts of Swiss-based commodity trader Glencore to turn around its share price will hit its ability to do deals on coal assets, it was claimed. And the...

22 October 2015

JBIC to help as Abe bids for Central Asia deals

Japanese businesses hope to secure orders for Central Asia natural gas and power facilities when prime minister Shinzo Abe visits the region. The Japan Bank for...

21 October 2015

Vitol in talks to buy stake in Pakistan's Hascol Petroleum

Vitol Group, the world’s largest oil trader, is in talks to buy a stake in Pakistan-based fuel retailer and storage provider Hascol Petroleum. The companies are...

21 October 2015

Crédit Agricole to pay $787 Million for sanctions violations

Crédit Agricole, the big French bank suspected of transferring billions of dollars on behalf of Iran and other countries, has agreed to pay $787 million to...

21 October 2015

Trafigura flags credit risks for commodity producers

Swiss commodity house Trafigura is racking up record oil trading volumes as it taps into pricevolatility but warns that merchants have to be more vigilant in the face...

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