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18 March 2016

Tanzania and Vietnam eye $1bn trade

Tanzania and Vietnam have agreed to boost bilateral trade volumes to at least $1 billion by 2017 - up from the current $300 million per year.

18 March 2016

80% of Chinese companies hit by overdue payments

Eight out of ten companies in China suffered overdue payments in 2015, according to a survey by credit insurer Coface. Almost 60% of these firms also reported an...

18 March 2016

United Bank of Egypt upgrades to new Misys platform

The United Bank of Egypt has increased its investment in financial software group Misys solutions. It has upgraded to the latest versions of Misys FusionBanking...

18 March 2016

SACE financial statement: Net profit up

Italian export credit agency SACE's draft financial statement for the year ended 31 December 2015 revealed net profits rose to €407 million - 6.2% more than...

18 March 2016

DS-Concept Germany makes senior VP sales hire

International trade finance provider DS-Concept Germany has appointed Ingo Dierkes as senior vice-president (VP) of sales. He will be responsible for sales of all...

18 March 2016

Bleak outlook for Brazilian exporters and importers

The state of trade, commodity and export finance in Brazil: special correspondent Luis Waldmann looks at the avenues that Brazilian exporters have for export, commodity...

18 March 2016

Metalloinvest to cut debt by redeeming bonds

Russian iron and steel producer Metalloinvest plans to curb debt by redeeming $700 million of eurobonds which mature in July. The company's profits have been hit...

17 March 2016

EDC rolls out new mentorship programme for SMEs

Canada's export credit agency, Export Development Canada (EDC), recently announced it will provide its global mentoring services to the 50 winners of Deloitte Canada's...

17 March 2016

Sri Lanka Exim: Commonwealth Secretariat to help

The Commonwealth Secretariat (CS) is to help set up the proposed Export-Import Bank of Sri Lanka (Sri Lanka Exim). The CS will offer "technical...

17 March 2016

Peru approves US beef imports

Peru has given the go-ahead for beef imports from the US - paving the way for a boom in the beef trade. Trade barriers on beef have been in place since 2003.

17 March 2016

Glencore hopes for $1bn from Australia coal trains sale

Swiss-headquartered commodity giant Glencore has put its coal trains in Australia - called GRail - up for sale, hoping to fetch up to $1.1 billion in a bid to cut...

17 March 2016

TXF launches premium news service

After three years of TXF news, we have invested heavily in beefing up our editorial team, with the aim of bringing you something bigger and better.  TXF Premium,...

17 March 2016

Euler Hermes appoints new manager in Italy

Trade credit insurer Euler Hermes has appointed Loeiz Limon Duparcmeur as country manager for Italy, based in Rome. He succeeds Luca Burrafato, who was appointed head...

17 March 2016

Natixis makes hires amid reorganisation

France's Natixis has made a number of senior appointments amid a reorganisation of its corporate and investment banking arm. Matthieu Duncan has been hired as...

17 March 2016

BTMU eyes infrastructure projects in the Philippines

The Bank of Tokyo-Mitsubishi UFJ (BTMU) is looking to support large infrastructure projects under the public-private partnership framework in the Philippines. Apart...

16 March 2016

Malaysia Exim appoints new president and CEO

The Export-Import Bank of Malaysia (Malaysia Exim) has appointed Norzilah Mohammed as president and chief executive officer (CEO). She began her career with the bank...

16 March 2016

FMO drops all activities in Honduras following deaths

Dutch development bank FMO has suspended all activities in Honduras following the deaths of two members of the Council of Indigenous Peoples of Honduras. FMO said...

16 March 2016

ADB sanctions 90 entities for integrity violations

The Asian Development Bank's (ADB) Office of Anticorruption and Integrity sanctioned 90 companies and individuals for integrity violations in 2015. The figure is...

16 March 2016

Standard Chartered's Mahajan has new role

Standard Chartered's Aneesh Mahajan has taken on a new role at the bank. He is now the regional head - global subsidiaries, Greater China and North Asia and is...

16 March 2016

BTMU Mexico opens Leon office

The Bank of Tokyo-Mitsubishi UFJ (Mexico) (BTMU Mexico) has opened a new office in the Mexican city of Leon. Many Japanese auto manufacturers and auto-related...