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19 April 2016

China scraps export subsidy programme

China has scrapped an incentive programme - which covered industries such as textiles and seafood - that effectively subsidised exports from small firms. The move came...

19 April 2016

IFC finances Myanmar Industrial Port

The International Finance Corporation (IFC) is providing financing worth $40 million to Myanmar Industrial Port. The package will help increase capacity and efficiency...

19 April 2016

Argentina returns to bond market after 15-year exile

Argentina is back in the international borrowing markets with a sale of sovereign bonds after a 15-year exile since its default. The country is raising up to $15...

19 April 2016

Prabhat Vira is president of Tungsten Network Finance

Tungsten Network Finance, the supply chain finance arm of the Tungsten Network business, has appointed Prabhat Vira as president. He joins from HSBC.

18 April 2016

Is BAML retreating from trade and export finance?

A spate of high profile ECA and trade finance departures from Bank of America Merrill Lynch (BAML) has fuelled speculation that the bank is withdrawing from the business...

18 April 2016

BEST COMMODITY FINANCE DEAL OF THE YEAR: Castleton taps massive borrowing base for Morgan Stanley oil business acquisition

Global commodities trader Castleton Commodities International tapped 25 banks for a borrowing base and revolving credit facility totalling $3.75 billion, to finance its...

18 April 2016

Magnolia LNG edges closer to export licence with FERC approval

The U.S. Federal Energy Regulatory Commission on Friday approved the construction of Magnolia LNG’s multi-billion dollar midscale liquefied natural gas export...

18 April 2016

Oakbay's Tegeta completes acquisition of Optimum from Glencore

Oakbay Investments, through coal company Tegeta Exploration & Resources, has completed its acquisition of the Optimum coal mine from Glencore for R2.15 billion...

18 April 2016

Senate Banking Committee halt on US Ex-Im nominee costing US $50m a day

US Senator Richard Shelby, Republican of Alabama, last week said he wouldn't allow the Senate Banking Committee that he chairs to confirm a nominee to the board of...

18 April 2016

Garuda Indonesia eyes $1bn UKEF loan to expand fleet

Indonesia’s national carrier PT Garuda Indonesia has expressed interest in a UK Export Finance loan offer worth $1 billion, which was put forward during Minister...

18 April 2016

How Macquarie veteran revived Australian ECA

Macquarie Group veteran Andrew Hunter arrived at the federal government-owned Export Finance and Insurance Corporation (Efic) three years ago to find an institution...

18 April 2016

UK touts satellite finance advantages over French, US export banks

Britain’s export-credit agency, UK Export Finance, may be the most attractive source of satellite project financing that almost none one has heard of or uses....

18 April 2016

Oil prices dive after producers fail to agree output cap

The price of oil has dropped sharply after a meeting of oil producers failed to agree a cap on output. Brent crude fell 7% at one point, but then recovered slightly to...

15 April 2016

US Treasury pushes for elusive level playing field in ECA-backed financing

The United States Treasury is keen to ensure that export credit agencies (ECA) are playing by the same rules – so much so that they look set to try and apply pressure on...

15 April 2016

BEST DFI/ECA-BACKED DEAL OF THE YEAR: Smile! $315m in financing for African broadband rollout

The financing of Smile's $315m 4G broadband rollout will hasten the economic development of no less than four African nations.

15 April 2016

Crown Agents Bank interview: Helios acquisition expands Africa-focused bank

Richard Jones, CEO of Crown Agents Bank, speaks to TXF about its recent acquisition by Helios and what it means for the expansion of the bank's activities.

15 April 2016

JBIC and BTMU seal Rosewood Shipping loan

The Japan Bank for International Cooperation (JBIC) and Bank of Tokyo-Mitsubishi UFJ (BTMU) have co-financed a $190 million loan to Singapore-based Rosewood Shipping....

15 April 2016

BEST AMERICAS ECA FINANCE DEAL OF THE YEAR: Seaborn Networks closes first ECA-backed subsea fibre optic cable deal

Seaborn Networks secured an innovative project financing to fund the establishment of high-speed telecommunications infrastructure between US and Brazil.

15 April 2016

BTMU agrees blockchain deal with Chain

The Bank of Tokyo-Mitsubishi UFJ (BTMU) has signed a partnership with start-up Chain to work on a blockchain proof-of-concept focused on the exchange of promissory...

15 April 2016

Fintech investment doubles but focus shifts

Fintech investment reached $2.6 billion in the first quarter of 2016 - up 100% on quarter one of 2015. But blockchain is proving much more popular than bitcoin.