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31 August 2016

The view from Australia: TXF talks to Westpac’s Gerry Gannon

Gerry Gannon is the global head of trade finance at Westpac, the bank that he has been with for over three decades. TXF’s associate director, Hesham Zakai, spoke with...

31 August 2016

Sibos 2016: How can banks help corporates grow their business?

In the first in a series of Expert Views from Societe Generale Global Transaction Services in the run up to Sibos 2016, Benoit Desserre, global head of payment and...

31 August 2016

European ECAs to finance Uruguay wind farm

Germany's KfW and KfW IPEX-Bank, along with Denmark's export credit agency EKF, are to finance a wind park development in Uruguay by French renewable energy...

31 August 2016

Euler Hermes: Slowest global growth since economic crisis

The estimated 2016 global economic growth rate of +2.4% is the slowest since the economic crisis, warns trade credit insurer Euler Hermes. And growth will stay slow...

31 August 2016

EIB opens credit line for Mozambique SMEs

The European Investment Bank (EIB) has agreed a €30 million credit line for small and medium-sized enterprises (SMEs) in Mozambique through Millennium bim Bank.

31 August 2016

Growing TFS boasts $150m deals pipeline

Canada-based Trade Finance Solutions' (TFS) expansion over the past two months has led to a pipeline of 21 deals totalling $150 million. The company also...

31 August 2016

Fight to fully revive US Ex-Im heads back to Congress

Barack Obama's administration is to launch one more bid in Congress to fully revive the Export-Import Bank of the United States (US Ex-Im) next week. US Ex-Im is...

31 August 2016

AfDB warns Africa on international debt

African Development Bank (AfDB) president Akinwumi Adesina says the continent's governments should avoid international borrowing and focus on raising tax revenue....

31 August 2016

Puma Energy opens terminal in DRC

International oil company Puma Energy has opened its 99th bulk fuel storage terminal in Matadi, the Democratic Republic of Congo (DRC).

31 August 2016

Canada to join China-led AIIB

Canada is set to become the first North American country to join the China-led Asian Infrastructure Investment Bank (AIIB). It leaves the US and Japan as the only G7...

31 August 2016

Record deals signed to boost Africa-Japan trade

A record 73 deals have been signed to boost trade between Africa and Japan. It follows Japan's $30 billion commitment for infrastructure projects to be executed by...

30 August 2016

JBIC agrees export credit line to PTA Bank

The Japan Bank for International Cooperation (JBIC) has agreed a $40 million loan to PTA Bank - an African trade and development bank. PTA will provide funds for...

30 August 2016

FMO sells portion of sub-debt portfolio

Dutch development bank FMO has sold a $67.4 million portion of its sub-debt portfolio to three investment vehicles managed by Swiss-based asset manager responsAbility...

30 August 2016

Gregory Hutton to head Rabobank's US project finance

Rabobank has appointed Gregory Hutton as regional head of project finance, Americas. Mr Hutton, who will be based in New York, replaces Thomas Emmons.

30 August 2016

Petrobras close to completing record asset sale

Petrobras, the Brazilian state-run oil company, is nearing the sale of a natural gas distribution network to a group led by Brookfield Asset Management. Petrobras...

30 August 2016

EDC helps increase Cathedral's credit facility

Export Development Canada has joined Calgary-based Cathedral Energy Services' banking syndicate, boosting the company's credit facility availability to $36...

30 August 2016

Kwa Chong Seng announces Olam resignation

Singapore-based agri-trader Olam International has announced the resignation of Mr Kwa Chong Seng as chairman and director of the board. He will leave at the end of...

30 August 2016

CGI’s Trade Innovation Lab: bringing blockchain to trade finance

Blockchain technology’s potential to transform trade finance is the focus of a new Trade Innovation Lab launched by IT and business process services leader CGI. Kitt...

30 August 2016

Innotribe and Innovate Finance launch GFHF

SWIFT's Innotribe and Innovate Finance - the membership group for global fintech, have launched Global FinTech Hubs Federation (GFHF). It aims to create a...

30 August 2016

JBIC agrees loan for new Abu Dhabi oil field

The Japan Bank for International Cooperation (JBIC) has agreed a $378 million loan with Abu Dhabi Oil Company for the development of a new oil field - Hail - in the...