Smithfield Foods, one of the US’s largest pork producers, is purchasing grains and grain elevators directly from farmers and steadily removing traders from parts of their...

Cofco has suffered a blow after Matt Jansen resigned as chief executive of its global commodity trading unit, China-based Cofco Agri, after less than two years in the...

The Development Bank of the Philippines (DBP) has appointed Cecilia Borromeo as its new chief executive officer and president. The former Land Bank of the Philippines...

Export Development Canada (EDC) is to provide half of Calgary-based International Frontier Resources (IFR) performance bond for work in Mexico. EDC will provide 50% of a...

Brazilian state-run oil group Petrobras has unveiled plans to focus on oil and gas in the next five years and sell $21 billion in assets by 2018. The group also plans to...

BNDES, Brazil's state development bank, will focus its loans on areas of high social impact, from infrastructure to healthcare and education. It will also raise the...

The African Development Bank (AfDB) has approved an $8.4 billion borrowing programme for 2017. The money will be raised from capital markets by issuing bonds in local...

US-based working capital finance solutions group PrimeRevenue has hired Erik Laird as senior vice president, global head of sales. He joins from RiskIQ.

HEXIM and EDC partnered for the first time to co-finance PLN's development of eight GE-supplied mobile power plants in Indonesia. TXF understands the pricing reflects the...

Commodity trader Vitol has secured the first major contract between a trader and Iran since the easing of EU sanctions in early 2016. The agreement continues the trading...

The International Finance Corporation (IFC) is supporting green power in India by taking an equity stake in New Delhi-based Hero Futures Energies. IFC, along with IFC...

Roberto Azevedo, incumbent director-general of the World Trade Organisation (WTO), is the sole candidate for the role after the deadline for nominations closed with no...

SIMEC, the global commodities and energy group, has hired commodity and trade finance specialist Rene Baars to help expand its Geneva-headquartered European operations....

Swiss-based oil trader Gunvor is suing Cerberus Capital Management over claims the US private equity firm won't pay its share of costs incurred when the two companies...

Overall global debt capital markets activity hit a record high of $7 trillion by the end of last year, a 16% rise on the previous 12 months. JP Morgan held the top spot...

South Korea's Hanwha Engineering and Construction has received about $560 million in construction fees from Iraq for its new city of Bismayah project, 10km from...

Lloyds Bank has hired Andrew Charnley as its new national sales director. He will lead its global transaction banking invoice and trade finance business for small and...

Norway's Norfund and Scatec Solar, and African infrastructure fund Africa50 have signed a joint development agreement for the investment of the Nova Scotia power...

The Export-Import Bank of the United States (US Ex-Im) supported more than $8 billion in exports during 2016, according to its Fiscal Year 2016 Annual Report. Small...

The Development Bank of Rwanda will almost double its export guarantee fund in 2017 - but many mass producers will still miss out because of the relatively small number...