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27 November 2015

India's Federal Bank inks pact with EICML for commodity financing

India’s Federal Bank has signed a collateral management deal with Edelweiss Integrated Commodity Management (EICML) to help local farmers and traders access...

27 November 2015

Commonwealth countries launch trade funds

A new trade finance fund based in Malta has been announced, in a bid to boost trade and investment flows within the Commonwealth. The voluntary fund is expected to...

27 November 2015

IFC makes senior trade and commodity finance appointments

International Finance Corporation (IFC) has made several senior appointments within its trade and commodity finance management team.

26 November 2015

EY launches global ECA coordination practice

As of 1 December, professional services firm EY, leading through its Eschborn office in Germany, is formally launching its global export credit agency (ECA) coordination...

26 November 2015

Finance director banned after invoice discounting abuse

David Marsh, the former finance director of UK concrete provider, Euromix Concrete, has been banned from managing a company for 8 years by a UK government body after...

26 November 2015

Egypt’s EEHC taps Afrexim-led syndi loan for Canadian gas turbines

The African Export-Import Bank (Afreximbank) has led a $525 million syndicated loan for the Egyptian Electricity Company (EEHC) to fund the import of gas turbines from...

26 November 2015

New Development Bank hires 4 vice presidents

The Shanghai-based New Development Bank has appointed four vice presidents and allocated them formal responsibilities. The new multilateral is made up of BRICS nations...

26 November 2015

Record bankruptcy fears over Spain's Abengoa

Spanish renewable energy and engineering group Abengoa has started insolvency proceedings after a potential investor said it would not inject fresh capital. The...

26 November 2015

ACE unveils new head of trade credit

Insurer ACE Group has appointed Julian Hudson as head of trade credit, ACE Global Markets. Based in London, he will be responsible for the growth of ACE's global...

26 November 2015

Rio Tinto signs $7.5bn loan refinancing

London-headquartered Anglo-Australian metals and mining group Rio Tinto has signed a $7.5 billion revolving credit facility to refinance an existing loan. The facility...

25 November 2015

Global merchandise trade to quadruple by 2050, says HSBC

The world is about to enter a third wave of globalisation, with goods exported predicted to reach $68.5 trillion by 2050, according to the Trade Winds Report released by...

25 November 2015

UniCredit appoints new GTB head for the UK

UniCredit has appointed George Stein as head of global transaction banking for the UK. Based in London, he will be responsible for boosting the bank's capabilities...

25 November 2015

China wants investment firm to fund projects in Europe

China wants to set up an investment firm to fund projects in central and eastern Europe. Premier Li Keqiang dangled the offer of cheap Chinese funds to the region,...

25 November 2015

India's smaller businesses gets trade receivables boost

The Reserve Bank of India has given in-principle approval for three entities to set up a trade receivables discounting system aimed at improving the flow of funds to...

25 November 2015

Australian wineries cheer export credit deal

Industry body Wine Australia has signed a deal with the country's export credit agency, Export Finance and Insurance Corporation, to help wineries boost business...

25 November 2015

CEOs from MIGA and Ethiopian Airlines join TXF African event

Keiko Honda, the CEO of development bank MIGA, and Tewolde GebreMariam, CEO of Ethiopian Airlines, are both speakers at the TXF Africa conference. The Pan-African...

25 November 2015

South Africa's Eskom backed by French AFD

South African electricity group Eskom has sealed a R2.3 billion ($160 million) credit facility with French development agency Agence Française de Developpement...

25 November 2015

Oil and gas group Atlas sees borrowing base cut

US-based gas and oil company Atlas Resources has had the borrowing base under its credit facility cut by 6.7% to $700 million.

24 November 2015

Banishing the stigma: how securitisation can plug the hole

Adrian Katz, CEO of Finacity, tells TXF’s Ollie Gordon why trade receivables securitisations could well be the answer to the trade finance industry’s leaking capacity.

24 November 2015

Emirates Global Aluminium launches syndication of $4.9bn facilities

UAE-headquartered Emirates Global Aluminium (EGA), one of the world’s leading aluminium producers, has launched the syndication for its $4.9 billion corporate facilities....