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21 April 2017

Opportunity of the day: Alfa Laval's heat exchangers to be followed by more Sinopec Zhenhai refinery project tenders

Alfa Laval AB has been awarded a contract to supply ten units of spiral heat exchangers for a 2.6m t/a ebullated bed residue hydroprocessing unit at the Ningbo-based...

21 April 2017

Cambodia's central bank inks deal to develop blockchain payment prototypes

National Bank of Cambodia is the latest central bank to investigate blockchain, inking a deal with Japanese startup Soramitsu that will see them work jointly on new...

21 April 2017

Trump and world finance officials clash over trade

The US is prepared to get tougher on international trade, potentially imposing tit-for-tat tariffs, White House National Economic Council director Gary Cohn said hours...

21 April 2017

NICE Actimize releases fraud detection solution

Financial security software firm NICE Actimize has launched a cloud-based tool to protect financial institutions from fraud at a time when it says faster payments...

21 April 2017

Temenos software licensing revenue surges 19% in Q1

Temenos saw its non-IFRS software licensing revenue surge 19% in the first quarter, while EBIT earnings were up 15%. The banking and finance software vendor said that it...

21 April 2017

Out of kilter: Non-bank SCF providers need revenue growth

Supply chain finance pure-play providers' use of traditional fee models is causing revenue to be far smaller than increases in new business volumes would suggest. Should...

21 April 2017

BBVA taps blockchain for international payments

Spain's Banco Bilbao Vizcaya Argentaria (BBVA) has executed its first cross-border payments through a distributed ledger system built by Ripple. The bank says it has...

21 April 2017

Indian policy change allows state entities direct access to ODA funds

In a move designed to speed up investment in vital infrastructure projects state entities can now access international funds directly from ODA partners. Loans...

21 April 2017

Central Bank of Lesotho goes live with Arena

The Central Bank of Lesotho has gone live on Intellect Design Arena's Quantum Central Banking Solution (QCBS). It includes treasury management, trade finance,...

21 April 2017

ICC Jakarta conference focuses on world trade digitisation

Ian Kerr, CEO of Bolero International, reports on a strong focus on digitisation in trade finance at the International Chamber of Commerce (ICC) Banking Commission's...

21 April 2017

Four Korean insurers invest $480m in infra fund

The Samsung Asset Management/IFM Investors Infrastructure Debt Fund has raised the capital solely from four institutions, including a $250 million contribution from...

21 April 2017

European Diversified Infrastructure Fund II reaches €700m target

Fund manager First State Investments has completed the first of several fundraising series that aim to raise £2 billion towards a portfolio of utility,...

21 April 2017

$1.2bn bond sale supports California high-speed rail project

The bond sale is critical to financing the 118 miles of construction from Madera to Shafter in the Central Valley. This portion of the project is estimated to cost...

21 April 2017

Green Investment Bank sold to Macquarie for £2.3bn

The Australian infrastructure investor has bought GIB from the UK government for £1.7 billion with an estimated £600 million for future funding...

21 April 2017

California Energy Commission licenses 844MW Huntington Beach power plant

The initial installation of a 644MW generator at Huntington Beach, Orange County, will be followed later by two 100MW units subject to securing power purchase agreements....

21 April 2017

Octopus Energy carries out largest European solar refinancing

Six banks have provided £484 million of medium-term senior debt to replace Octopous Energy's bridge facility that covers 74 solar projects in England and Wales....

21 April 2017

CDB may finance Fosun's Polyus deal

China Development Bank (CDB) may provide financing for a Chinese consortium - led by Fosun International - seeking to buy a stake in Polyus, Russia's largest gold...

21 April 2017

Infinergy and Greensolver create renewables joint venture

British renewables developer Infinergy and French technical consultants Greensolver have formed JV Greensolver UK to focus on technical and commercial management of wind...

21 April 2017

Metalloinvest to sign $1.05bn PXF facility

Russian metals producer Metalloinvest has agreed on the principal terms of a $1.05 billion pre-export finance facility (PXF) with a syndicate of banks, with the option to...

21 April 2017

Exporters boosted as EGFI and COSEC sign deal

The Export Guarantee Fund of Iran (EGFI) and Portugal's COSEC have agreed to boost cooperation in co-insurance, reinsurance, credit assessment, claims prevention, and...