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31 March 2016

Chadbourne boosts infrastructure team in South Africa

Law firm Chadbourne & Parke has hired energy and infrastructure lawyer Deon Govender at its Johannesburg office as an international partner. He is an experienced...

31 March 2016

JBIC and SMBC finance Angola-Brazil underwater cable

The Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) have signed a $109.7 million loan agreement with Angola's...

31 March 2016

Four banks to ink deals with ADB for trade financing

Four banks - City Bank, Mutual Trust Bank, Pubali Bank and Southeast Bank - are going to sign separate agreements with Asian Development Bank (ADB) to join its Trade...

31 March 2016

VTB and BoC to expand financing trade contracts

The Bank of China (BoC) and Russia's VTB Bank have signed an agreement to expand their product lines for servicing trade contracts between the two nations. The...

31 March 2016

India Exim to open raft of new branches

The Export-Import Bank of India (India Exim) is looking to open branch offices in Ivory Coast, Sri Lanka, Nepal and China. It currently has branches in Washington DC,...

31 March 2016

Fintech boom could cause massive job losses

As many as 30% of workers in the American banking industry could lose their jobs over the next ten years as a result of the fintech start-up boom. Citigroup said that...

31 March 2016

Abengoa's US units seek bankruptcy protection

US units of Spanish energy and engineering company Abengoa have filed for bankruptcy protection as negotiations over the restructuring of its $16.5 billion debt load...

31 March 2016

US sanctions: Discussing the past, present and the future

Jack Lew, the US Secretary of the Treasury, has given an insight into how sanctions are devised, what risks come with using them, and what their future holds.

30 March 2016

Japanese steel forges ahead with double JBIC deal

The ailing Japanese steel sector — the second largest in the world — has received $405 million in financing, in favour of two overseas subsidiaries, from the Japan Bank...

30 March 2016

Blockchain: the future of trade finance?

Blockchain, or distributed ledger technology, is the word on everybody’s lips in financial circles. TXF’s Helen Reid looks in depth at the technology’s applications to...

30 March 2016

ADB and JICA agree $1.5bn private infrastructure fund

The Asian Development Bank (ADB) has entered into an agreement with the Japan International Cooperation Agency (JICA) to support private infrastructure investments...

30 March 2016

MIGA backs South Africa power project loans

The Multilateral Investment Guarantee Agency (MIGA) has backed €698.9 million in loans to shore up Eskom's power transmission infrastructure in South Africa....

30 March 2016

EBRD boosts Egypt's agribusiness sector

The European Bank for Reconstruction and Development (EBRD) is boosting Egypt's agribusiness sector with a $100 million equity investment in a sugar refinery...

30 March 2016

Turbulent times for Australian trade finance

Australia's trade finance markets are set for an extended period of turbulent change judging by the last ten years, East & Partners research shows.

30 March 2016

Developing Asia growth hit by China slowdown

Growth in developing Asia for 2015 and 2016 will be below previous projections, according to the Asian Development Bank. Growth is slowing across much of developing...

30 March 2016

Why SMEs don’t insure receivables

James Daly, president and chief executive officer of Euler Hermes Americas, discusses why US small and medium-sized enterprises (SMEs) are less inclined to insure...

30 March 2016

Banks' leeway on credit risk narrows as Basel tightens rules

Banks' leeway in assessing their biggest source of risk is set to be curtailed by the Basel Committee on Banking Supervision. The committee proposed to remove the...

30 March 2016

BExA announces new joint chairmen

Jon Coleman is stepping down as chairman of the British Exporters Association (BExA). Marcus Dolman and Geoffrey de Mowbray will succeed him as joint chairmen.

30 March 2016

Kexim extends loans for Cambodia river project

The Export-Import Bank of Korea (Kexim) is providing $13.3 million in loans to Cambodia for a river improvement project. The money will be used for phase two of the...

29 March 2016
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Chemicals/Petrochemicals, Oil & gas

Lower feedstock prices: mixed bag for petchem project finance

For embattled oil majors, petrochemicals constitute something of a bright spot for their operations. For national oil companies, value-added products like ethylene and...