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23 August 2017

Sempra trumps Buffet bid for Oncor

The $18.8 billion merger proposed by San Diego-based Sempra Energy includes $9.45 billion in cash and the assumption of Texas' largest transmission utility's...

23 August 2017

Bosnian express road delayed by funding rethink

Road construction company Autoceste FBiH is awaiting the release of funds for the 25km Lasva-Travnik express road in Bosnia and Herzegovina while the government considers...

23 August 2017

ElectraNet set for 30MW Dalrymple power storage project

The South Australian transmission company ElectraNet will build and lease the $30 million unit to be located at the Dalrymple substation on the Yorke Penninsula. The...

23 August 2017

New Zealand front of queue for post-Brexit UK trade deal

New Zealand looks likely to be one of the first countries to ink a trade deal with the UK following Brexit. New Zealand national Crawford Falconer, who took the post this...

23 August 2017

New Zealand SMEs struggle with late payments

Seventy-one percent of New Zealand SMEs struggle with unpaid invoices, according to cloud-based accounting software provider Xero, which argues that adopting eInvoicing...

23 August 2017

UK backs Alexander Dennis to secure Mexico bus deal

UK Export Finance (UKEF) agreed a £44 million guarantee with Scottish bus manufacturer Alexander Dennis to help it secure a contract to build 90 low-emission...

23 August 2017

Belgrade Water Supply and Sewage company to get new EBRD loan

The EBRD is set to give the Belgrade Water Supply and Sewage company a €14.5 million loan to finance the construction and renewal work on the network of pipelines...

23 August 2017

Will FCIreverse be more successful than SWIFT's BPO?

FCIreverse, a new partnership between Demica and FCI, has the potential to be more successful than SWIFT's Bank Payment Obligation (BPO) model. Unlike BPO, it will...

23 August 2017

Bank of Georgia raises $75m trade finance club facility

The Bank of Georgia has signed a one-year $75 million club trade finance facility, arranged by Citi in collaboration with the Asian Development Bank and International...

23 August 2017

South Korea and US in stalemate over next steps for FTA talks

South Korean and US officials have failed to agree on how to move forward on talks over their 2012 free trade agreement (FTA), which Washington wants changed as it seeks...

22 August 2017

Opportunity of the day: Geopark could term out up to $350m of new unsecured bonds, raise additional bank financing

GeoPark is considering liability management this year or next, according to the NYSE-listed Chilean oil and gas exploration company's CFO Andres Ocampo. He said that...

22 August 2017

Egypt policy measures boost banking sector

The Egyptian central bank's decision in November to float the pound, raise interest rates and lift restrictions on FX transfers has helped the banking sector move...

22 August 2017

Bushveld retires prepayment financing for vanadium interests

Bushveld Minerals has agreed with Wogen Resources Limited to retire a $3 million prepayment facility that formed part of a wider sales and marketing agreement for...

22 August 2017

Chile ends $2.5bn Dominga mine and port project

The Chilean government has put a stop to the controversial copper and iron ore project proposed by Andes Iron. The developer is majority controlled by a Chilean...

22 August 2017

New operator for UK's South Western Railway franchise

The British transport company FirstGroup and Hong Kong's rapid transit operator MTR have taken over the SWT rail franchise from Stagecoach and plan a £1.2...

22 August 2017

Balfour Beatty named preferred bidder for £200m Hinkley package

Balfour Beatty has leapfrogged Costain to be appointed preferred bidder for a 9.5km marine tunnelling package of work at the Hinkley Point C nuclear power station being...

22 August 2017

Airports Authority of India to develop Bhogapuram airport

Airports Authority of India (AAI) outbid rival GMR for the INR 22 billion greenfield Bhogapuram airport development near Visakhapatnam in Andhra Pradesh, with an offer of...

22 August 2017

Trade finance boosts income for Kenya's Equity Group

Kenya's Equity Group Holdings saw income from its non-lending business, which includes trade finance, increase 20% year-on-year in the first half. Overall pre-tax...

22 August 2017

HashCash introduces HC Trade Finance built on Ethereum blockchain

HashCash has unveiled blockchain technology HC Trade Finance. It supports letter of credit, bank guarantees, pre-shipment loans and discounting methods common in trade...

22 August 2017

Natixis names Ahmet Ugurlu executive director for US business

The French corporate and investment bank Natixis has appointed the former HSBC director of energy and infrastructure Ahmet Ugurlu as executive director and coverage...