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29 September 2017

Louis Dreyfus to wind down Edesia commodity funds in overhaul

Louis Dreyfus will wind down the fund management activities of commodities specialist Edesia Asset Management by the end of the year as part of its drive to focus on...

29 September 2017

Iran: Europe offers finance as US launches new travel ban

European banks have begun a fresh wave of investment in Iran, with lenders in Austria, Denmark and France announcing investment deals with Iran worth a collective €2...

29 September 2017

ADB: Global trade rebound boosts growth in Asia and the Pacific

In an update of its flagship annual economic publication, Asian Development Outlook 2017, the Asian Development Bank forecasts gross domestic product growth of 5.9% in...

29 September 2017
in
Transport

SACE-backed deal proposed for Sarmiento rail project

A group of banks and SACE have put forward a financing proposal to the Argentine government to fund the $2.85 billion Sarmiento Rail project in Buenos Aires. The...

29 September 2017

Malaysia inks energy purchase agreement with Laos

Utility companies of the three participating countries have signed a two-year Energy Purchase and Wheeling Agreement (EPWA) for up to 100MW of hydro power from Laos that...

29 September 2017
in
Metals and Mining

Dongying Lufang closes offshore PXF

Dongying Lufang Metals Material has closed a $355 million three-year pre-export financing (PXF) in the offshore market. Lenders on the new money loan include ING...

29 September 2017

Baltcap fund invests €16m in Vilnius biomass project

The Baltcap Infrastructure Fund (BinF), supported by Nordic pension funds and the European Investment Bank, has signed an EPC agreement with Axis...

29 September 2017
in
Renewables

Enlight seals ECA-backed loan for Kovacica wind farm

Israel-based Enlight Renewable Energy – via special purpose vehicle Electrawinds K-Wind –  has closed a €142 million ($167 million) partially...

29 September 2017

Mediterranean Bank goes live with Infosys Finacle Lending solution

Malta-based Mediterranean Bank has gone live on Infosys Finacle's Finacle Lending Module, adding to its existing suite of Finacle applications including Finacle Core...

29 September 2017

InstaReM picks fintech-friendly Lithuania as European base

Singaporean cross-border payments firm InstaReM has been granted an Electronic Money Institution (EMI) license from the Bank of Lithuania and has picked Vilnius as its...

29 September 2017

Corporate treasurers weigh benefits of blockchain

Blockchain technology could offer real benefits to corporate treasurers, with many viewing it as an opportunity to cut high cross-border payments costs. But others...

29 September 2017

BGFI Bank upgrades core banking software

Central Africa-focused BGFI Bank is rolling out a new version of Sopra Banking Software's core banking system, Amplitude Up, starting with Gabon. BGFI offers...

29 September 2017

BNY Mellon, Hazeltree team up to offer corporate treasury services

US investment company BNY Mellon and treasury solutions provider Hazeltree have joined forces in an initiative that will deliver BNY Mellon's full suite of cash,...

29 September 2017

€700m new support for SME investment across Greece

New backing from the European Investment Fund, the European Bank for Reconstruction and Development, and the European Investment Bank means €700 million of new...

29 September 2017

Afreximbank beats private placement target as it goes to market with DR

The African Export-Import Bank (Afreximbank) is off to a successful listing of its depositary receipts (DRs) on the official market of the Stock Exchange of Mauritius...

28 September 2017

Opportunity of the day: Parque Arauco gets $210m ECA-backed financing for Siemens Gamesa-powered wind parks

International Finance Corporation, Banco Santander and the respective Spanish and Argentinian ECAs, Compania Espanola de Seguros de Credito a la Exportacion (CESCE) and...

28 September 2017

Chexim agrees €50m loan to Bulgarian Development Bank

The Bulgarian Development Bank has received a €50 million loan from the Export-Import Bank of China (Chexim) for on-lending to Bulgarian businesses. It represents...

28 September 2017

White Oak Global Advisors names new co-head of originations

San Francisco-headquartered alternative credit and direct lending specialist White Oak Global Advisors has named former Consortium Finance executive John Felix as its...

28 September 2017

UKEF raises support for trade with Uruguay to £4bn

UK Export Finance (UKEF) is increasing its support available for trade with Uruguay to £4 billion, meaning an additional £2.25 billion to back UK companies...

28 September 2017

Vitol: First-half profit jumps almost 50%

Swiss-headquartered commodity trader Vitol saw first-half profits rise to $818.9 million from $546.4 million a year ago. The figure was boosted by the group earning...