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06 June 2018

Finastra names Simon Paris as CEO

London-headquartered Finastra has appointed Simon Paris as Chief Executive Officer. Paris, who currently serves as Finastra's Deputy CEO, will take over as CEO from...

06 June 2018
in
Oil & gas

Puma Energy sees Q1 2018 profits drop

Puma Energy has released its results for the first quarter of 2018, revealing that gross profit decreased by 3% to $397 million from $407 million in Q1 2017. EBITDA...

06 June 2018
in
Metals and Mining

China Hongqiao inks $4.7bn financing deal with Industrial Bank

Aluminum producer China Hongqiao Group has signed a financing agreement with Industrial Bank Co worth 30 billion yuan ($4.7 billion) as it looks to upgrade its...

05 June 2018
in
Oil & gas

Lundin Petroleum improves RBL terms

Lundin Petroleum has improved flexibility and renegotiated the margin on its existing $5 billion reserve base lending facility (RBL) from 315bp to 225bp. The...

05 June 2018
in
Infrastructure, Transport

Genco closes $460 million senior secured credit facility

Genco Shipping & Trading announced on 5 June that it has closed a $460 million senior secured credit facility. Proceeds from the new five-year credit facility were...

05 June 2018

Accuity unveils real-time vessel alerting and tracking solution

Accuity, which provides financial crime compliance, payments and counterparty know-your-customer solutions, has unveiled its new vessel monitoring capability, Firco Trade...

05 June 2018
in
Oil & gas

Ivan Monteiro named interim CEO of Petrobras

Brazilian President Michel Temer has named Ivan Monteiro as the new CEO of the country's oil giant Petrobras following the resignation of Pedro Parente over fuel...

05 June 2018
in
Power, Transport

Enel successful with €1.2bn offer for Electropaulo

Enel Brasil Investimentos Sudeste has received confirmation of acceptance of its voluntary offer for the entire share capital of Eletropaulo Metropolitana Eletricidade de...

05 June 2018

Change of clothing: Can ECAs become champions of sustainability?

The ICC has established a working group aimed at fostering a greater sustainable development agenda in export finance. Is it just tinkering? And does it have any chance...

05 June 2018
in
Power, Renewables

RBS reveals new policies to cut oil and coal project financing

The Royal Bank of Scotland has announced a new suite of energy financing policies designed to substantially reduce its exposure to fossil fuel investments. RBS will...

05 June 2018
in
Transport

IATA publishes airport privatisation guidance for governments

The International Air Transport Association (IATA) and Deloitte have published Airport Ownership and Regulation to offer advice to governments considering privatization...

05 June 2018
in
Infrastructure

Exeter names UPP preferred bidder for university accommodation project

The University of Exeter has announced that following a competitive tender University Partnerships Programme (UPP) has been selected as the preferred bidder for the...

05 June 2018
in
Renewables

Argentina signs six contracts with RenovAr round 2 winners

Argentina's Undersecretariat for Renewable Energy at the Ministry of Energy and Mines has awarded six more contracts as part of the RenovAr round 2 auction. All...

05 June 2018
in
Agri/Soft Commodities, Manufacturing & equipment

IFC finances Afghan raisin processing plant, MIGA in talks over insurance

The International Finance Corporation and Multilateral Investment Guarantee Agency are set to provide $3 million in financing and $7.8 million in political risk insurance...

05 June 2018

ING pushes for open banking with SME financing platform and Yolt expansion

ING is working with Yolt, which it owns, and British fintech firm Funding Options on bringing new features to customers across Europe. The lender is launching a...

05 June 2018
in
Renewables

Enlight in talks to acquire 300MW Western European wind project

Israeli renewables investor Enlight Renewable Energy Ltd has stated in a bourse filing that it is in discussions to acquire a 300MW wind project in Western Europe....

05 June 2018
in
Infrastructure, Transport

NSW approves Stage 1 of the Parramatta Light Rail

The New South Wales government has approved Stage 1 of the Parramatta Light Rail project connecting Westmead to Carlingford via Parramatta CBD and Camellia. Construction...

05 June 2018
in
Oil & gas, Power

Port Kembla picked for NSW's first LNG import terminal

The Australian Industrial Energy (AIE) consortium that includes Marubeni Corp and JERA has chosen Port Kembla over the Port of Newcastle for the site of a floating LNG...

05 June 2018
in
Telecoms and Communications

CityFibre awarded first LFFN contract by West Sussex County Council

West Sussex County Council has selected CityFibre to provide new future-proof full-fibre networks at 152 council sites. The £52.7 million framework agreement is for...

05 June 2018
in
Power, Transport

Oman plans $1.3bn grid interconnection project

Oman's two power transmission operators, Nama Group and PDO, along with stakeholders Oman Power and Water Procurement Co and Rural Areas Electricity Co, have...