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30 November 2015

Exporters frustrated by uneven local content rules for ECAs

Last month’s TXF conference in Hong Kong provided numerous dynamic interactions between industry members. An interesting discussion during the Exporter’s Idea Lab...

30 November 2015

Surveyed exporters pick favourite banks & ECAs

TXF Media will announce the winners of the Exporters Choice Awards in one week. TXF Media, working with Clevis Research, has surveyed 80 exporters to identify the most...

30 November 2015

SACE signs trade deals with three Iranian banks

Italian export credit agency SACE has signed collaboration agreements with three Iranian private banks to boost trade and investments in the country. The deals were...

30 November 2015

Questions raised over Russian VEB's $20bn bailout plea

Fears have been raised about how Russia's state development bank, Vnesheconombank (VEB), is run after it made a $20 billion bailout request. The bank last year...

30 November 2015

Kexim to help content agency expand overseas

The Export-Import Bank of Korea (Kexim) has signed a business agreement with the Korea Creative Content Agency to help support overseas expansion. The deal will...

30 November 2015

Letchford quits as Trafigura's Galena hedge fund boss

Duncan Letchford, chief executive officer of Swiss-based commodity trader Trafigura's hedge fund Galena Asset Management, is leaving the company. He becomes the...

30 November 2015

ECO Trade and Development Bank unveils new leader

Javaid Aslam has become the new president of the ECO Trade and Development Bank. Before his appointment to the multilateral - founded in 2005 by Iran, Pakistan and...

30 November 2015

Afreximbank to help Egypt's foreign currency liquidity

The African Export-Import Bank (Afreximbank) is set to arrange a facility of up to $1 billion to boost the bid by Egypt's central bank to improve foreign currency...

27 November 2015

BAFT names Werner Steinmüller as new TBGL chair

BAFT has named Deutsche Bank’s Global Transaction Banking head Werner Steinmüller as the new chair of its Transaction Banking Global Leaders (TBGL) group....

27 November 2015

Bank of America to halt dollar supplies to Angola

Bank of America will stop supplying dollars to Angola at the end of November in a move which will put pressure on the already weakened Angolan kwanza. Angola is...

27 November 2015

Democratising supply chain finance

Earlier this week, US working capital financier PrimeRevenue announced it had partnered with global insurer AIG to launch Supply Chain Finance, a new supply chain finance...

27 November 2015

US Fed interest hike to cause further commodity woes

If slowing Chinese growth, now headed for its weakest pace in 25 years, put the first nail in the coffin of the commodity super cycle, the Federal Reserve is about to...

27 November 2015

Bulgarian Development Bank signs trade MoU with ICBC

Bulgarian Development Bank and Industrial and Commercial Bank of China (ICBC) have signed an agreement this week to work together on cross-border funding, bilateral...

27 November 2015

India's Federal Bank inks pact with EICML for commodity financing

India’s Federal Bank has signed a collateral management deal with Edelweiss Integrated Commodity Management (EICML) to help local farmers and traders access...

27 November 2015

Commonwealth countries launch trade funds

A new trade finance fund based in Malta has been announced, in a bid to boost trade and investment flows within the Commonwealth. The voluntary fund is expected to...

27 November 2015

IFC makes senior trade and commodity finance appointments

International Finance Corporation (IFC) has made several senior appointments within its trade and commodity finance management team.

26 November 2015

EY launches global ECA coordination practice

As of 1 December, professional services firm EY, leading through its Eschborn office in Germany, is formally launching its global export credit agency (ECA) coordination...

26 November 2015

Finance director banned after invoice discounting abuse

David Marsh, the former finance director of UK concrete provider, Euromix Concrete, has been banned from managing a company for 8 years by a UK government body after...

26 November 2015

Egypt’s EEHC taps Afrexim-led syndi loan for Canadian gas turbines

The African Export-Import Bank (Afreximbank) has led a $525 million syndicated loan for the Egyptian Electricity Company (EEHC) to fund the import of gas turbines from...

26 November 2015

New Development Bank hires 4 vice presidents

The Shanghai-based New Development Bank has appointed four vice presidents and allocated them formal responsibilities. The new multilateral is made up of BRICS nations...