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11 August 2016

TXF Data Update: Export finance market plunges 22.5% in H1

The total volume of ECA deals taking place in the first half of 2016 dropped by 22.5% compared to same period last year, while SMBC topped the lenders table with $2.19...

11 August 2016

Supply chain reform working group is launched

The International Trade Supply Chain working group will focus on areas in need of reform, such as trade finance and restrictive trade policies, the group said at its...

11 August 2016

Blockchain: R3 and banks tackle trade financing challenges

US-based financial innovation company R3 and over 15 of its consortium member banks have completed invoice financing and letter of credit transactions to show how...

11 August 2016

Cargill posts net profit but revenue declines

Cargill, the US-based commodity trader, said special gains that offset poor results from trading and oilseed processing had helped it make a quarterly profit. Revenue...

11 August 2016

Embattled Noble Group posts $54.9m loss

Hong Kong-based commodity trader Noble Group has reported a loss for the second quarter. It made a loss of $54.9 million in the three months to June compared with a...

11 August 2016

Talbot forms $115m political risk insurance binder

Talbot Underwriting Services has formed a $115 million political risk insurance binding authority from its New York office, underwritten by underwriters at...

11 August 2016

ADB sells $1.3bn in global green bonds

The Asian Development Bank (ADB) has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche three-year...

11 August 2016

South Korea and Cabei keen to strengthen ties

South Korea is keen to forge closer ties with the Central American Bank for Economic Integration (Cabei) to help its businesses tap into infrastructure building and...

11 August 2016

Trafigura sets up manufacturing facility in India

Commodity trader Trafigura Group and Polycab Wires, one of India's largest wire and cable producers, have set up a manufacturing facility in India for copper wire...

11 August 2016

Development banks back climate projects with $81bn

The world's six largest development banks, including the Asian Development Bank and the African Development Bank, mobilised $81 billion for climate projects in...

11 August 2016

SACE backs $374 million cruise ship deal

International law firm Watson Farley & Williams advised Crédit Agricole Corporate and Investment Bank, SACE S.and a syndicate of banks on the delivery...

11 August 2016

VEB considers IsDB pilot deal

Vnesheconombank (VEB), the Russian state development bank, is mulling over a $100 million pilot deal with the Saudi Arabia-based Islamic Development Bank (IsDB) to...

10 August 2016

Strength in numbers: collaborating for success in the increasingly digital world of trade

In the heart of London – a city at the forefront of global fintech innovation – TXF’s Hesham Zakai sat down with a group of experts at a BNY Mellon-hosted roundtable to...

10 August 2016

Banks must ‘jump in’ to digital payments innovations

In a world fast moving towards digitalisation, banks are working to adapt the infrastructure of cross-border payments. Partnering with IT players, banks and fintechs can...

10 August 2016

HSBC, BAML create blockchain app to mirror LC deals

Bank of America Merrill Lynch (BAML), HSBC and the Infocomm Development Authority of Singapore have built a prototype application which mirrors a paper-intensive...

10 August 2016

Hochberg: Chinese export subsidies hitting US businesses

Fred Hochberg, chairman of the Export-Import Bank of the United States (US Ex-Im), claims American businesses are being hit by China's rising export subsidies.

10 August 2016

Kexim and Ethiopia agree road project loan

The Export-Import Bank of Korea (Kexim) has agreed a $127 million loan deal with Ethiopia for a project to improve the road between the towns of Gore and Tepi.

10 August 2016

KfW IPEX earmarks billions of euros in shipping financing

KfW IPEX-Bank, the export and project financing arm of German development bank KfW has earmarked €2.8 billion in new shipping loans this year. The bank provided...

10 August 2016

IFC provides export finance facility to Hela Clothing

The International Finance Corporation (IFC) has provided an export finance facility to Sri Lanka-based exporter Hela Clothing through its Global Trade Supplier Finance...

10 August 2016

ExWorks Capital provides financing to technology group

US-based ExWorks Capital has provided a technology company with financing for distribution of two-way voice and monitored personal emergency response systems.