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21 September 2016

Kexim credit 'unaffected' by shipping losses

South Korea's ECA, Kexim, posted a net loss of $838.6 million for the first half of the year after bad debt provisions surged due to over exposure to struggling...

21 September 2016

Commodity financiers ‘cautious’ of China risks

Following the Financial Times’ Asia commodities summit in Singapore, questions have been asked about the over-supply of particular commodities and high debt levels in...

21 September 2016

NDB to raise up to $3bn in next 3 years

The New Development Bank (NDB) will raise up to $3 billion over the next three years to help finance infrastructure projects in emerging markets such as India. It is...

21 September 2016

Aegean Marine Petroleum Network renews $1bn RCF

Greece-headquartered petroleum refining and trading group Aegean Marine Petroleum Network has renewed its $1 billion secured global borrowing base multicurrency...

21 September 2016

China Exim backs power supply project in Nairobi

The Export-Import Bank of China (China Exim) is financing a project to boost the electricity supply network in and around the Kenyan capital of Nairobi. Kenya Power...

21 September 2016

Claudia Slacik nominated for US Ex-Im board

President Barack Obama has nominated Claudia Slacik for the Export-Import Bank of the United States' (US Ex-Im) board of directors. She was previously senior vice...

21 September 2016

Trade Technologies hits $75bn deals milestone

Trade Technologies has completed over $75 billion in global transactions since its foundation in 1999. The trade document solutions provider has completed 250,000...

21 September 2016

Petrobras cuts spending in five-year plan

Brazilian oil giant Petrobras has cut planned investments by 25% to reduce its debt. It pledged up to $74.1 billion in capital spending for 2017-2021 - compared to...

21 September 2016

Deutsche Bank seals first cross-border RMB netting deal for Bosch

Deutsche Bank has completed its first cross-border renminbi (RMB) netting transaction for Bosch. It was done under China's cross-border RMB management by...

21 September 2016

Sibos 2016: Banking low-risk clients in high-risk jurisdictions

Ahead of Sibos 2016, Alain Bozzi - head of group compliance at Societe Generale, discusses: How to safely bank low-risk clients in high-risk jurisdictions. Is it time...

21 September 2016

Taulia breaks growth records

US-based financial supply chain group Taulia has enjoyed a record-breaking period by more than doubling its bookings for the second quarter compared to the same time...

21 September 2016

Coface hires Fredrik Murer to lead North America region

Insurer Coface has hired Fredrik Murer as chief executive officer (CEO) of the North America region. He takes over from Juan Saborido, who becomes senior advisor to...

21 September 2016

Kenneth Tinsley is US Ex-Im's chief risk officer

Kenneth Tinsley has been named as senior chief risk officer of the Export-Import Bank of the United States (US Ex-Im). He will continue to serve as the lender's...

20 September 2016

Banks lament as 'all-time low' CIRR spurs ECA direct lending

Although the total volume of the ECA finance market has reduced in recent years, in the first half of this year ECA direct lending was already $1.7 billion up on the...

20 September 2016

Unmet demand for trade finance hit $1.6trn in 2015

The Asian Development Bank’s (ADB) annual Trade Finance Gaps report highlights specific difficulties in developing markets in Asia and Africa amongst a general gap of...

20 September 2016

Stenn International launches $300m trade finance platform

Stenn International, a UK-based trade finance provider, today announced that it has launched a $300 million financing platform to expand its capacity to help suppliers...

20 September 2016

Canada's EDC sets up shop in London

Export Development Canada (EDC) today cemented its longtime presence in the UK with the official opening of its permanent representation in London. “London...

20 September 2016

Alibaba expands its trade programme with Kotak Bank, IDFC Bank and others

Chinese ecommerce company Alibaba has expanded its Trade Facilitation Centre programme in India, signing agreements with Kotak Mahindra Bank, IDFC Bank, Delhivery, DHL...

20 September 2016

StanChart and ADB ink RM80m supply chain finance accord for Malaysian SMEs

Standard Chartered and the Asian Development Bank have inked a RM80 million ($19.3 million) supply chain finance agreement that will benefit small and medium-sized...

20 September 2016

Blockchain firm Fluent welcomes trade finance experts on advisory board

Fluent, a financial operating network built on blockchain technology, has announced that it has added two leading trade finance experts to its advisory board. Fluent...