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07 September 2017

DLT not ready to replace settlement systems: BoJ, ECB

Blockchain technology is still too immature to be used to replace real-time gross settlement systems at the Bank of Japan and the European Central Bank, they said in a...

07 September 2017

UPS Capital names new president

US-based alternative lender UPS Capital has named Mark Robinson as its new president, just weeks after announcing a partnership with accounts payable company Payoneer to...

07 September 2017

ADB sells record $4bn 5-year global benchmark bond

The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $4 billion five-year global benchmark bond issue, proceeds of which will be...

07 September 2017

Kenya's Jamii Bora Bank launches trade finance products

Kenya's Jamii Bora Bank has started offering trade finance, including letters of credit, a customs duty facility, local purchase order financing, invoice discounting,...

07 September 2017

Alvaro Lario to leave IFC for International Fund for Agricultural Development

The IFC has revealed that Alvaro Lario, a principal portfolio manager within its Treasury Liquid Asset Management group, is to leave to take up a senior assignment with...

07 September 2017

Treasurers failing to exploit tech: Deloitte

Corporate treasurers are struggling to exploit technological innovations, with over a fifth of treasury management systems relying on spreadsheets, according to...

07 September 2017

Maersk to deploy blockchain maritime insurance solution

Shipping giant Maersk plans to deploy a blockchain-based marine insurance solution with insurers MS Amlin and XL Catlin following a successful pilot with Microsoft and...

07 September 2017

JBIC considering financing Novatek's Arctic LNG-2 project

The Japan Bank for International Cooperation (JBIC) may finance Arctic LNG 2, the second LNG plant of Russia's Novatek. JBIC has already provided $238 million for...

06 September 2017

Opportunity of the day: Dubai Municipality to raise funds for deep tunnel project; EPC contract likely by 1Q18

KPMG International has been appointed as a consultant by Dubai Municipality to assist in raising finance under a public-private partnership for a deep tunnel project,...

06 September 2017

New ECA Verizon's

Serial bond issuer Verizon Communications closed two $2 billion ECA-backed deals in July to finance the purchase of telecoms equipment from Ericsson and Nokia. The deals,...

06 September 2017
in
Oil & gas

OVVL pulls one taker in syndication

ONGC Videsh Vankorneft (OVVL) – a subsidiary of Indian state-owned oil major ONGC – has closed syndication on its dual-currency $844 million equivalent loan....

06 September 2017

Metro Manila Subway Project moves closer to realisation

National Economic and Development Authority's (NEDA) Investment Coordination Committee has approved the P355 billion, 25-km underground transport system. The final...

06 September 2017

NGCP cleared for Visayas-Mindanao Interconnection Project

The Energy Regulatory Commission (ERC) has given grid operator National Grid Corp. of the Philippines (NGCP) permission for a P52 billion connection of the two island...

06 September 2017

Greenwood Energy closes $52m portfolio financing

The 26MW portfolio of six US solar projects are all at advanced stages of construction and with long term power purchase agreements. Tax equity financing was provided by...

06 September 2017

Taiwan's largest solar project awarded to Equis

The Taiwanese Bureau of Energy has awarded Singapore-based renewable energy firm Equis Energy the contract to develop a 70MW project in Chiayi County's Yizhu...

06 September 2017

Sound Energy receives funding offer for Tendrara gas pipeline

UK-based upstream gas company Sound Energy has received the $60-100 million investment offer for the Tendrara gas export pipeline (TGEP) project from the Moroccan finance...

06 September 2017

Congress urges Trump not to scrap South Korea trade pact

US congressional leaders overseeing trade from both sides of the political divide have urged the White House not to scrap a five-year-old free trade pact with South Korea...

06 September 2017

Ripple opens Mumbai office, names country head for India

Blockchain-powered payments company Ripple has opened a new office in Mumbai and named Navin Gupta as country manager for India. Gupta has 20 years of experience in...

06 September 2017

Xi Jinping warns BRICS summit of protectionist risks

A recovery in the global economy due to increased global trade and investment could be threatened by protectionism, Chinese leader Xi Jinping warned in a speech at this...

06 September 2017

China likely to retaliate if US imposes sanctions on energy exporters, trade banks

Beijing could retaliate to any US sanctions against its biggest trade finance banks and energy exporters by targeting giants like Apple or Boeing and the US auto...