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24 November 2015

AIG and PrimeRevenue boost mid-market SCF

Credit insurer and supply chain finance (SCF) platform PrimeRevenue have joined forces to create a product for mid-sized companies. Supply chain finance has up to now...

24 November 2015

Glencore's Libyan oil deal 'worthless'

Swiss-based commodity trader Glencore's deal to export oil from Libya is worthless because it was struck with the wrong government, it has been claimed. The...

24 November 2015

Russian ECA EXIAR and Gazprombank boost agri-exports

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has provided buyer credit insurance as part of a financing programme for agricultural exports to...

24 November 2015

Australian ECA EFIC signs up to Reval platform

Australia's export credit agency (ECA), Export Finance and Insurance Corporation (EFIC), has signed up to Reval's ClearPath to support the processing of its...

24 November 2015

Gas and coal group CONSOL reaffirms borrowing base

USA-based gas and coal group CONSOL Energy has had the borrowing base under its revolving credit facility reaffirmed at $2 billion.

24 November 2015

Trafigura closes record refined metals borrowing base

Swiss-based commodity trader Trafigura has closed the refinancing of its refined metals borrowing base facility at a record $2 billion. The facility encompasses...

24 November 2015

Gunvor closes $1.36bn revolving credit facility

Swiss-headquartered commodity trader Gunvor Group has signed an oversubscribed $1.36 billion revolving credit facility. The deal will replace the maturing tranches of...

23 November 2015

Walking with 'dial-up dinosaurs': supply chain finance now and in five years

Pricing strategies, competition and the best and worst of supply chain finance. Tom Dunn, chairman of Orbian, reveals all to TXF's Ollie Gordon.

23 November 2015

Iranian sanctions: relief on the horizon

Pillsbury Law’s Steve Farmer and Matthew Oresman discuss significant steps taken on both sides of the divide, and the implications for the trade finance industry?

23 November 2015

Deutsche Bank appoints new EMEA head of commodity trade finance

Deutsche Bank’s global transaction banking business has appointed Willem Calame as head of commodity trade finance for the Europe, Middle East and Africa (ex-Germany)...

23 November 2015

Demica appoints head of structuring

London-based Demica, the specialist provider of working capital solutions and financing partner to multinational companies, has appointed François Terrade as head of...

23 November 2015

China offers $10bn in infrastructure loans to South-East Asia

China is offering $10 billion in infrastructure loans to South-East Asian countries. The country is looking to expand its influence in the developing world, including...

23 November 2015

US coal group Bowie buys three mines from Peabody

US-based Bowie Resource Partners has agreed to buy three American mining complexes from Peabody Energy for $358 million. The deal creates the largest bituminous coal...

23 November 2015

Glencore agrees to buy up to 50% of Libyan oil exports

Swiss-based commodity trader Glencore has agreed to buy as much as 50% of the oil currently exported by Libya in a bid to offset flagging mining profits. Glencore will...

23 November 2015

British finance trade groups merge to boost lobbying power

Five British financial services trade associations are set to merge to give them more lobbying clout. Merging the British Bankers' Association, Payments UK, the...

23 November 2015

Nyrstar hires CFO from largest shareholder Trafigura

Belgium-based zinc producer Nyrstar NV has named commodity trader Trafigura's Christopher Eger as its chief financial officer. He was part of the mergers and...

23 November 2015

Egypt seals $4.2bn German loan for power projects

Egypt has secured a $4.2 billion loan from a German consortium for the development of three power projects. Deutsche Bank, HSBC Germany and German Bank of...

20 November 2015

TXF unveils dates for February Singapore conference

TXF Media has announced dates for its Trade, Treasury and Commodity Finance conference at the Ritz Carlton Hotel on the 23rd and 24th of February 2016. The event will...

20 November 2015

US Ex-Im reauthorisation pushed back despite bi-partizan agreement

Despite consensus to reauthorise US Exim Bank in Congress, the Senate, and from the White House, due to further deliberations over the transportation funding bill...

20 November 2015

Emirates Islamic reveals online Islamic trade platform

Dubai-based bank Emirates Islamic has launched EI trade - a Shariah-compliant online trade finance and supply chain platform. It can be used to submit, process and...