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29 March 2017

EBRD hires Ayten Rustamova as new Tajikistan head

The European Bank for Reconstruction and Development (EBRD) has hired Ayten Rustamova as the new head of office in Tajikistan. She will be based in Dushanbe, where she...

29 March 2017

Trafigura, IBM, Natixis work on blockchain platform for oil trades

Commodities giant Trafigura and French bank Natixis are working with IBM to test blockchain technology for settling US crude oil deals. They hope to increase...

28 March 2017

Opportunity of the day: MEP Pellegrini trumps FUCHS for Cochin Shipyard crane contract

Italy-based MEP Pellegrini Marine Equipments has secured a contract to supply customised marine equipment to India's Cochin Shipyard Limited. MEP trumped an offer...

28 March 2017

New OECD ECA regulation: Rising premium alarm

Under recent amendments to the OECD Arrangement on Export Credits, Minimum Premium Rates for cover on transactions involving high income countries were redefined. The...

28 March 2017

Positive impact movement: Towards an impact-based economy

An assessment of what is required to achieve UN Sustainable Development Goals and what is needed to be part of the new industrial revolution.

28 March 2017

Cubico closes in on finance for 290MW Solem PV project

The developer of the Mexican project is looking to raise $500 million in financing while investing $200 million in equity. The IFC and IIC along with Mexican development...

28 March 2017

AbleChildAfrica: Giving the world's largest minority a chance - and so can you

Around 15% of the global population are disabled. Of those, approximately 80% live in developing countries and 150 million are children. TXF caught up with Jane Anthony,...

28 March 2017

KfW mistakenly transfers $5.4bn

KfW, the German development bank, mistakenly transferred $5.4 billion to four counterparty banks. The bank blamed "human error owing to a configuration...

28 March 2017

Otter Tail seeks approval for 250MW Astoria gas-fired power project

The project is to be located close to the Northern Border Pipeline in South Dakota and is intended to replace the aging Hoot Lake coal-fired plant. Otter Tail will invest...

28 March 2017

Scorpio Tankers signs $172m ECA-backed loan

Scorpio Tankers  signed a $172 million ECA-backed loan this month with a group of banks to partially finance eight new-build Medium Range (MR) product tankers,...

28 March 2017

Solkiss seeks Korean finance for 500MW Thac Ba Lake solar project

The Korean developer has received a green light from the Vietnam government for a floating solar PV project on an existing lake in Yen Bai province and will request...

28 March 2017

CPV Fairview receives funding for 1GW Cambria County power plant

The Industrial Bank of Korea and Woori Bank are arranging a $150 million loan for the $1.1 billion combined-cycle gas-fired project in Pennsylvania. Credit Agricole and...

28 March 2017

EBRD Trade Facilitation Programme hits new milestone

The European Bank for Reconstruction and Development (EBRD) Trade Facilitation Programme has financed its 20,000th transaction - an €18,000 guarantee by order of...

28 March 2017

Busting the eight myths of digital trade finance

Eight common conceptions about digital trade finance - including that digitisation must be implemented with a 'big bang' approach, is not secure, and is only...

28 March 2017

R3 invites Sri Lanka's central bank to join blockchain initiative

Financial innovation consortium R3 has invited Sri Lanka's central bank to join its initiative to design a distributed ledger based on blockchain technology.

28 March 2017

Tradeshift launches AI layer on commerce platform

Tradeshift has unveiled Ada - an artificial intelligence (AI) layer on its commerce platform. It will be available to third-party developers and provide an instant...

28 March 2017

ABB replaces South Korean CFO following treasury fraud

ABB has replaced its senior management in South Korea after corporate treasurer Oh Myeong-see disappeared with $100 million. It has fired its country CFO for South Korea...

28 March 2017

Corporate treasurers expect Brexit to increase FX volatility

Sixty-eight percent of corporate treasurers expect the UK's move towards Brexit to increase sterling/euro volatility, with 41% saying they will need to re-evaluate...

28 March 2017

€180 million package for Kenyan Last Mile Connectivity project

The government of Kenya has signed a financing agreement for the third phase of a electrical distribution project. The package comprises of €60 million...

28 March 2017

China LNG names new CFO

China LNG Group has appointed Keung Chi Lap as its new company secretary, CFO and authorised representative. He replaces Au Yeung.