US oil and gas group Rex Energy says its bank group has reaffirmed the existing $190 million borrowing base under the company's senior secured credit facility.

Ovamba, an online African funding and logistics services provider for small and medium-sized enterprises, has teamed up with two global investors, Crowdcredit and...

Ian Taylor, chief executive of Swiss-based commodity giant Vitol, claims the six-month global oil market rally is likely to stop at a price of $50 a barrel. Prices...

Insurance brokerage group Arthur J Gallagher has bought an 85% stake in Brim, the Swedish specialist insurance and reinsurance firm. Brim's credit and political...

Afreximbank says Africa must put in place legal and regulatory infrastructure to enable it to take advantage of the many opportunities associated with factoring....

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Greek's Energean Oil & Gas with an additional $20 million loan. The...

XL Catlin's insurance operations has hired Andrew Underwood as regional product leader, UK and Ireland, for political risk and trade credit.

Digital technology group Intellect Design Arena has announced that Bank Maybank Indonesia has gone live with its Integrated Treasury Management System - OneTreasury -...

UniCredit Bank has completed its first Bank Payment Obligation (BPO) on the Romanian market. It involved a commercial operation between Romanian wastewater group Adiss...

A Russian blockchain consortium - consisting of QIWI Group, Accenture, B&N Bank, MDM Bank, Bank Otkritie, Tinkoff Bank - has been formed. It will focus on the...

The troubled Export-Import Bank of Korea (Kexim) is considering a big bath. The bank's non-performing loans have shot up amid the restructuring of South Korean...

Trade finance is being increasingly neglected as banks refocus on core markets and slash costs in the face of mounting risks and regulatory pressures. It’s an area of...

BNDES, Brazil's state development bank, has approved a $109 million loan to support the development of four wind farms in Ceara state, in the north-east of the...

BPL Global, the credit and political risk insurance broker, has hired Cindy Gunawan as a broker to boost its Asia Pacific team. Gunawan was previously a senior...

Trade Finance Global has launched a programme for finance directors and professionals. It provides an in-depth course in trade and structured finance, including...

Insurer Coface foresees a net loss ratio of 63% to 66% for the full year compared with 52.5% in 2015 amid the development of claims in emerging countries at a higher...

HSBC Commercial Banking has appointed Stuart Tait as head of commercial banking, Asia-Pacific. He will relocate to Hong Kong from London. The bank has appointed...

Ukrainian agribusiness Kernel has renewed a one-year pre-export credit facility (PXF) with a limit of $215 million with a syndicate of European banks. The money will...

The Japan Bank for International Cooperation (JBIC) is providing $1.16 billion in financing for an eastern Indonesian liquefied natural gas (LNG) project taken on by...

Nigeria is looking to work with the Export-Import Bank of China (China Exim) in a bid to increase trade between the two nations.