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09 May 2016

Finacity facilitates trade receivables securitisation for Ercros

US-based Finacity has launched a $12 million trade receivables securitisation for Ercros, a Spanish producer of chemicals. The facility acts as a funding source for...

09 May 2016

JBIC invests in fund to back Japanese firms in America

The Japan Bank for International Cooperation (JBIC) is investing in the KKR Americas Fund XII to back Japanese companies in new markets. It is contributing to the...

09 May 2016

ADB and Sweden embark on capital experiment

The Asian Development Bank (ADB) and the Swedish International Development Cooperation Agency (SIDA) are teaming up in a novel deal which could increase multilateral...

09 May 2016

HFW hire boosts Australian projects capability

Richard Abbott has joined law firm Holman Fenwick Willan's (HFW) Sydney office. He is an experienced investment and major projects lawyer with financing, corporate...

09 May 2016

Lightstream has 90 days to avoid default

Canadian oil and gas group Lightstream Resources has 90 days to resolve a $96.6 million shortfall in its credit facility or face a default. The company has seen the...

09 May 2016

IsDB and Turkmenistan to intensify cooperation

The Islamic Development Bank (IsDB) and Turkmenistan have signed a memorandum of understanding to increase cooperation in financing development projects.

09 May 2016

ADB to reform project delivery and cut delays

The Asian Development Bank (ADB) is set to undergo reforms to improve the delivery of its projects and reduce delays in its disbursements. The overall success rate for...

09 May 2016

Togo becomes Afreximbank's 40th member

Togo has become the 40th state to officially join the African Export-Import Bank (Afreximbank). It becomes immediately eligible for Afreximbank's range of trade...

09 May 2016

Blockchain: Impact and potential in securities settlement

The SWIFT Institute has investigated the practical application of blockchain technologies in securities markets - and found that industry collaboration is essential if...

09 May 2016

Winston & Strawn boosts transportation finance team

Global law firm Winston & Strawn has boosted its transportation finance practice in London by hiring partners Christopher Boresjo and Mark Moody. They will focus...

09 May 2016

EXIAR supports exports of Russian tyre rims

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has agreed to back SMW Engineering's exports of tyre rims to Italy, Germany, Latvia and...

09 May 2016

Estonian group sells majority of stake in shale oil power plant

Estonia's Eesti Energia is selling the majority of its stake in Jordan's first $2.2 billion power plant to be fuelled by oil shale to China's Yudean Group....

06 May 2016

Why are banks withdrawing from correspondent banking?

Banks are continuing to withdraw from many of their correspondent banking relationships - a process which threatens global trade, especially in poorer countries. TXF...

06 May 2016

UniCredit names head of Americas multinationals

Filippo Pappalardo has been appointed as head of UniCredit's coverage of multinational firms in the Americas across the corporate and investment bank. Pappalardo...

06 May 2016

S.Korea to set measures on restructuring by end of June

South Korea's government and central bank agreed this week to devise detailed plans on how to finance structural reform in the country's shipbuilding and...

06 May 2016

Glencore slows copper, zinc production to counter glut

Glencore announced on Wednesday it had cut its copper and zinc production in the first quarter of 2016 as it struggles to reduce its surplus that has caused prices to...

06 May 2016

Regulator to recapitalize Eximbank by giving stakes in state-run companies

The Financial Services Commission (FSC) has said it will recapitalise the Export-Import Bank of Korea (Eximbank) by giving the lender stakes in state-run companies....

06 May 2016

ICC welcomes new WTO report on trade finance and SMEs

The International Chamber of Commerce has warmed to a new World Trade Organisation (WTO) report which identifies a the trade finance gap for small-and medium-sized...

06 May 2016

African DFIs urged to partner for solutions to intra-African trade finance

The first ever Intra-African Trade Finance and Payment Systems Conference held in Abidjan has urged African development finance insitutions to forge partnerships in a...

05 May 2016

In conversation: Sace’s Michal Ron

TXF’s Dominik Kloiber caught up with Sace’s head of international business, Michal Ron, to discuss the Italian ECA’s latest push to expand its footprint and product...