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01 December 2015

JBIC co-finances loan to Indonesian steel group

Export credit agency the Japan Bank for International Cooperation (JBIC) has signed a loan deal with Indonesia-based steel group PT Krakatau Osaka Steel. The $115...

01 December 2015

US moves closer to allowing yuan trading

The US has moved a step closer to allowing trading and clearing of the Chinese yuan in the country, in a move that could lower the cost of transactions and boost trade...

01 December 2015

Oil and gas group Mid-Con reveals new borrowing base

US-based oil and gas group Mid-Con Energy has announced its latest borrowing base redetermination. The new $190 million borrowing base includes monthly commitment...

01 December 2015

Vitol and Litasco support Libya's Tripoli oil group

Oil traders Vitol and Litasco have backed Libya's Tripoli-based National Oil Corporation (NOC) in the west of the country. The announcements came after a deal...

01 December 2015

Banco Santander Rio joins IFC's trade finance programme

Argentina's largest private bank, Banco Santander Rio, has joined the International Finance Corporation's (IFC) Global Trade Finance programme. The deal will...

01 December 2015

Trafigura shuts hedge fund amid commodity crisis

Swiss-headquartered commodities trader Trafigura is closing its Galena Metals Fund because of "difficult" market conditions. The closure of the hedge fund...

01 December 2015

SACE supports $800m deal for Peru metro line

Italian export credit agency SACE has supported an $800 million line of credit for the construction of the new Lima to Callao metro line in Peru. The project will...

30 November 2015

Exporters frustrated by uneven local content rules for ECAs

Last month’s TXF conference in Hong Kong provided numerous dynamic interactions between industry members. An interesting discussion during the Exporter’s Idea Lab...

30 November 2015

Surveyed exporters pick favourite banks & ECAs

TXF Media will announce the winners of the Exporters Choice Awards in one week. TXF Media, working with Clevis Research, has surveyed 80 exporters to identify the most...

30 November 2015

SACE signs trade deals with three Iranian banks

Italian export credit agency SACE has signed collaboration agreements with three Iranian private banks to boost trade and investments in the country. The deals were...

30 November 2015

Questions raised over Russian VEB's $20bn bailout plea

Fears have been raised about how Russia's state development bank, Vnesheconombank (VEB), is run after it made a $20 billion bailout request. The bank last year...

30 November 2015

Kexim to help content agency expand overseas

The Export-Import Bank of Korea (Kexim) has signed a business agreement with the Korea Creative Content Agency to help support overseas expansion. The deal will...

30 November 2015

Letchford quits as Trafigura's Galena hedge fund boss

Duncan Letchford, chief executive officer of Swiss-based commodity trader Trafigura's hedge fund Galena Asset Management, is leaving the company. He becomes the...

30 November 2015

ECO Trade and Development Bank unveils new leader

Javaid Aslam has become the new president of the ECO Trade and Development Bank. Before his appointment to the multilateral - founded in 2005 by Iran, Pakistan and...

30 November 2015

Afreximbank to help Egypt's foreign currency liquidity

The African Export-Import Bank (Afreximbank) is set to arrange a facility of up to $1 billion to boost the bid by Egypt's central bank to improve foreign currency...

27 November 2015

BAFT names Werner Steinmüller as new TBGL chair

BAFT has named Deutsche Bank’s Global Transaction Banking head Werner Steinmüller as the new chair of its Transaction Banking Global Leaders (TBGL) group....

27 November 2015

Bank of America to halt dollar supplies to Angola

Bank of America will stop supplying dollars to Angola at the end of November in a move which will put pressure on the already weakened Angolan kwanza. Angola is...

27 November 2015

Democratising supply chain finance

Earlier this week, US working capital financier PrimeRevenue announced it had partnered with global insurer AIG to launch Supply Chain Finance, a new supply chain finance...

27 November 2015

US Fed interest hike to cause further commodity woes

If slowing Chinese growth, now headed for its weakest pace in 25 years, put the first nail in the coffin of the commodity super cycle, the Federal Reserve is about to...

27 November 2015

Bulgarian Development Bank signs trade MoU with ICBC

Bulgarian Development Bank and Industrial and Commercial Bank of China (ICBC) have signed an agreement this week to work together on cross-border funding, bilateral...