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26 August 2016

NIB and Finnvera to finance eucalyptus pulp mill in Brazil

The Nordic Investment Bank (NIB) and Finnvera - Finland's export credit agency - have agreed a $225 million facility to finance a eucalyptus pulp mill project in...

26 August 2016

German companies facing late payments

Germany's economy may be solid but 84% of companies have experienced delays in payment - with exporters worst hit, according to insurer Coface. Over half of these...

26 August 2016

Gazprom largely unaffected by western sanctions

Russian oil giant Gazprom has been largely unaffected by western sanctions, having taken a number of steps - such as technological independence and import substitution...

26 August 2016

FMO closes syndicated loan with Banco Continental

Dutch development bank FMO has closed a $100 million syndicated loan for Paraguay's Banco Continental, co-arranged with Banco Latinoamericano de Comercio Exterior....

26 August 2016

China Exim wades into shipping with $18bn mega deal for Coscocs

Earlier this month, Chinese container shipping conglomerate Coscocs signed an $18 billion financing agreement with China Exim to fund the construction of more than 50...

26 August 2016

Afreximbank: $83m approved for factoring

The African Export-Import Bank (Afreximbank) has approved $83 million for businesses on the continent engaged in factoring since 2012. But the lender admitted that...

26 August 2016

Islamic Development Bank opens Nigeria office

The Islamic Development Bank has officially opened its Nigeria Country Gateway Office in the country's capital Abuja. It will focus on health, agriculture,...

26 August 2016

IE Singapore opens Nairobi base, boosts Africa ties

Trade promotion agency International Enterprise (IE) Singapore has boosted economic ties with Africa by opening an office in Kenya - its third on the continent - and...

26 August 2016

SMEs boosted by EFIC export loans

Two small businesses - Queensland's cruise operator Frankland Islands Cruises, and New South Wales-based technology company Intersective, are among the first to...

26 August 2016

De-risking in Africa is on the rise

De-risking is on the rise in Africa, with many nations seeing a cut in the number of overseas banks with which financial institutions on the continent do business,...

26 August 2016

EU clears creation of Malta development bank

The creation of a development bank in Malta has been cleared by the European Commission. Malta said it will inject €200 million in capital and allow for tax...

26 August 2016

XL Catlin hires Bonnie Chow for Asia Pacific

Bonnie Chow has joined XL Catlin as senior underwriter, political risk and trade credit insurance for Asia Pacific. Chow, based in Sydney, specialises in complex...

26 August 2016
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Infrastructure, Renewables, Transport, Waste and water

TXF Data Update: Commodity financing down 30% as banks tighten lending procedures

TXF’s commodity finance report for H1 shows that overall commodity financing is down 30% on the same period last year while structured commodity financing has increased...

25 August 2016

The view from North America: TXF talks to HSBC’s Inwha Huh

Inwha Huh is EVP and Head of Global Trade and Receivables Finance, North America at HSBC. At the bank’s New York headquarters, Huh caught up with TXF’s co-founder Dominik...

25 August 2016

Altech's KfW IPEX financing "progressing well"

Australia's Altech Chemicals has received a summary of senior facility agreement indicative terms and conditions from Germany's KfW IPEX-Bank for $70 million...

25 August 2016

US nominates Jim Yong Kim as World Bank president

The US has nominated Jim Yong Kim as president of the World Bank for a second term, insisting he has "ably led" the bank's response to major global...

25 August 2016

Surge in trade documentation before EU referendum

The volume of trade documentation issued surged in the second quarter of 2016 - before the Brexit referendum, according to the British Chambers of Commerce and DHL....

25 August 2016

RBS tells GTS clients to quicken hunt for new bank

The Royal Bank of Scotland Group (RBS) has told about 3,000 of its global transaction-services (GTS) clients outside the UK and Ireland that their cash management and...

25 August 2016

SACE backs loan to help exporter expand globally

Italian export credit agency SACE has guaranteed a €1 million credit line by Credito Valtellinese to Lucca-based Gambini, which designs, constructs and installs...

25 August 2016

KfW IPEX finances wind farm in Uruguay

Germany's KfW IPEX-Bank and Helaba have agreed a $160.3 million loan to the German wind turbine manufacturer ENERCON, which is building a wind farm in the centre...