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27 February 2018

Using supply chain finance as a risk management tool

Using early pay or supply chain finance as a risk management tool to manage buyer limits is not such a bad idea when you consider inter-enterprise credit is five times...

27 February 2018

France's Lemon Way teams up with Accuity

French fintech company Lemon Way has selected Accuity to streamline its financial crime compliance process. Lemon Way has chosen to implement the Accuity solution Firco...

27 February 2018

Volante announces support for Swift 2018 standards

Volante Technologies, a global provider of software for the integration, processing and orchestration of payments and financial messages, has announced support for the...

27 February 2018
in
Power, Renewables

Nam Theun 1 nears financial close

Sponsors of the 670MW Nam Theun 1 hydro power plant – EGCO Group (25%), Phonesack Group Co. (60%) and EDL-Gen (15%) – are expected to reach...

27 February 2018

Graham departing Efic

David Graham, executive director of corporate, sovereign and project finance at Efic has resigned and is finalizing the handover of duties to his team this week. Graham...

27 February 2018
in
Metals and Mining

Russian billionaires risk 'shootout' in battle over Nornickel

Two of Russia's richest men - Vladimir Potanin and Oleg Deripaska - could trigger a complicated "shootout" auction in a bid to end their long-running battle...

27 February 2018

C2FO completes funding round led by Allianz X and Mubadala

Working capital marketplace C2FO has completed a $100 million funding round led by Allianz X and Mubadala Investment Company, along with participation from existing C2FO...

27 February 2018

PrimeRevenue unveils executive changes and bolsters regional funding network

Working capital fintech solutions provider PrimeRevenue has announced seven executive promotions forerunning an initiative to add several regional funders to the platform...

27 February 2018

credX opens digital marketplace for debt issues

The debt capital digital marketplace credX platform is now operational, with Deutsche Telekom issuing a promissory note loan with a volume of €50 million and a...

27 February 2018

Geraldo Alckmin vows to privatise Petrobras if in power

Geraldo Alckmin, the governor of Sao Paulo and likely centrist presidential candidate in Brazil, said he would privatise the country's state-run oil group Petrobras...

27 February 2018
in
Agri/Soft Commodities

Kernel enters into $100m PXF

Ukrainian grains and oilseed producer Kernel Holding has finalised a $100 million pre-export credit facility with a syndicate of European banks. The two-and-a-half-year...

27 February 2018

Top Noble Group holder Goldilocks attacks "shocking" loss

Goldilocks Investment Co, one of Noble Group's top shareholders, has branded the commodity trader's expected losses as "extremely shocking" and warned...

27 February 2018
in
Chemicals/Petrochemicals

Tricon Energy buys Noble's petrochemical business

US-based Tricon Energy is to buy Noble Group's petrochemicals business, with the $10.1 million deal expected to close within the next 60 days. Tricon will assume an...

27 February 2018

EBRD and IFC boost retail sector in Western Balkans

The European Bank for Reconstruction and Development and International Finance Corporation have agreed €164 million in loans to the investment firm Hystead to boost...

27 February 2018

DBRB export loans hit new high in 2017

The Development Bank of the Republic of Belarus (DBRB) issued 2.4 times more export loans in 2017 than 2016. It sealed a total of 21 export loan agreements worth Br415.8...

26 February 2018

Opportunity of the day: RPCL floats international tender to appoint EPC for its 360MW CC power plant project

Bangladesh's Rural Power Company Limited (RPCL) has called for international bids to appoint the owner's engineer for project management and construction...

26 February 2018
in
Infrastructure, Transport

EBRD finances development of Montenegro's main port

The European Bank for Reconstruction and Development is providing a loan of €20 million to support the development of Port of Bar, Montenegro's main sea port....

26 February 2018

AOT Energy faces key departures, considers sale

Senior executives are leaving Swiss commodities trader AOT Energy amid a shrinking credit line and losses in some trading operations. Lance Perdue, managing director for...

26 February 2018

EBRD offers massive expansion of motorways in Bosnia and Herzegovina

The European Bank for Reconstruction and Development (EBRD) is offering a massive increase in its support for the development and modernisation of the road infrastructure...

26 February 2018

UKEF helps Hull firm secure cooling equipment contract in Nigeria

Hull-based heating, ventilation and air conditioning supplier North Sea Ventilation has secured a £500,000 order to supply cooling equipment to oil and gas company...