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14 March 2018
in
Oil & gas

JBIC considers funding PetrolVietnam’s $10bn gas project

The Japan Bank for International Cooperation may fund the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government...

14 March 2018

NIB finances construction of a new Norwegian dairy for Tine

Nordic Investment Bank (NIB) and the Norwegian dairy company Tine have signed a €42 million 12-year loan to finance the construction of the company's new dairy...

14 March 2018

Finastra to automate Vietcombank’s trade finance operations

Finastra has been selected by the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to drive the lender's digital transformation initiatives. Its...

14 March 2018

ADB sells $3.25bn global benchmark bonds

The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3.25 billion five-year global benchmark bond issue. The bond, with a coupon...

14 March 2018
in
Transport

Blockshipping using blockchain to transform shipping

New Danish company Blockshipping, whose CEO Peter Ludvigsen previously worked at Maersk Line, is using blockchain to make it easier for carriers to share containers with...

14 March 2018

StanChart: UK has $65bn potential trade with emerging economies

A new report by Standard Chartered examines the trading partnerships between the G7 and E7 (Emerging Seven) economies of Bangladesh, China, India, Indonesia,...

14 March 2018

DS-Concept opens office in Peru

Germany-headquartered trade finance group DS-Concept has opened an office in the Peru capital of Lima with the goal of financing foreign trade for companies in the...

14 March 2018

ADB says $66bn to be invested in Greater Mekong Sub-region

The Greater Mekong Sub-region (GMS) is expected to receive $66 billion in investment to strengthen regional economic cooperation in the next five years - with $7 billion...

13 March 2018

Opportunity of the day: CNPC arms to build Etana's $11.8bn Russia PET plant; first funding from Chinese banks

The Etana polyethylene terephthalate (PET) plastics and fibre project at Maisky in the North Caucasus republic of Kabardino-Balkaria is being developed in three distinct...

13 March 2018
in
Oil & gas

Bapco tests bank appetite for $4.2bn expansion

Bahrain Petroleum Company (Bapco) is testing bank appetite for its $4.2 billion Sitra expansion project. Financial close is expected by Q4 of 2018. The...

13 March 2018
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

Global commodity finance 2017: A shift in structure

The TXF commodity finance report has revealed a year-on-year rise in global volumes from 2016. With Middle Eastern traders turning up the heat, Russian producers looking...

13 March 2018

Time running out for Noble Group to reach deal with funds

The moment of truth is approaching for Hong Kong-headquartered Noble Group. Nearly a year after a shock trading loss sent it spiraling toward collapse, the commodity...

13 March 2018
in
Metals and Mining

SUEK secures $1.055bn PXF

Moscow-headquartered Siberian Coal Energy Company (SUEK) has signed a $1.055 billion five-year syndicated pre-export loan agreement. The facility will be used for...

13 March 2018

China spending on Belt and Road energy projects drops 28% to $14bn

China's financing for Belt and Road energy projects dropped 28% to $14.3 billion last year, from $19.9 billion. The slowdown in spending came as the government...

13 March 2018

Funding Circle chooses bank partners for record-setting float

UK-based alternative lending platform Funding Circle has reportedly chosen the banks to help it go public. Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley...

13 March 2018

US leads the way as protectionism threatens global trade

Protectionism could harm global trade after it was revealed that more than 460 new protectionist measures were brought in throughout the world in 2017, according to Euler...

13 March 2018

'No deal' Brexit could cost UK, EU companies £58bn

A 'no-deal Brexit' could leave companies in Britain and the EU facing an extra £58 billion in annual costs - with the financial sector set to be the...

13 March 2018

First Abu Dhabi Bank chooses Accuity to boost sanctions screening

First Abu Dhabi Bank has selected Accuity, a provider of risk and compliance, payments and know your customer solutions, to provide integrated global sanctions screening...

13 March 2018
in
Power, Renewables

IFC, MIGA agree Bujagali hydro refinancing

The IFC and MIGA have approved a plan to refinance more than $400 million of loans to Bujagali Energy and provide up to $423 million in guarantees in support of the...

13 March 2018
in
Power, Renewables

Gore Street Capital plans first UK energy storage fund

Gore Street Capital is looking to raise £100 million for a flotation of Gore Street Energy Storage Fund (GSF) on the London Stock Exchange in April. The fund will...