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19 November 2015

Indian government announces 3% interest subsidy to boost exports

Concerned about the continuous decline in Indian exports, Prime Minister Narendra Modi's government today announced the launch of a 3% interest-subsidy scheme for...

19 November 2015

ADB loan to improve cross-border trade in Laos

The Asian Development Bank (ADB) has approved a $37 million loan to boost cross-border trade and investment in Laos. The loan, with another $10 million in...

19 November 2015

TriLinc invests in South Africa and Guatemala SMEs

US-based TriLinc Global Impact Fund has approved $9.7 million in trade finance transactions to companies in South Africa and Guatemala. TriLinc provides growth-stage...

19 November 2015

OECD: Export credits for coal-fired plants to be cut

Members of the Organisation for Economic Cooperation and Development (OECD) have dealt a blow to the coal industry by agreeing to scale back public financing for...

19 November 2015

AfDB signs $100m risk-agreement pact with SMBCE

The African Development Bank (AfDB) is helping issuing banks on the continent expand their trade finance operations by approving an $100 million Risk Participation...

19 November 2015

Panama's Bank Association joins SWIFT's KYC Registry

Panama's Bank Association - with regional membership of 71 international and domestic banks - has joined SWIFT's Know Your Customer (KYC) Registry. The...

19 November 2015

JBIC to finance Indonesia LNG terminal by June

Export credit agency, the Japan Bank for International Cooperation (JBIC), is expected to provide financing for Indonesia's second land-based liquefied natural gas...

18 November 2015

China fears see zinc fall to six-year low

Zinc has dropped to a six-year low as other metals traded near their lowest since at least 2010 amid concerns about faltering demand in China. The plunge in metals has...

18 November 2015

EBRD boosts support for trade finance in Egypt

The European Bank for Reconstruction and Development (EBRD) is stepping up its support for Egypt's exporters and importers with a $20 million trade facility to...

18 November 2015

Energy group PostRock sees borrowing base reduced

PostRock Energy, a USA-based crude oil and natural gas group, has seen the borrowing base on its credit facility drop from $76 million to $39 million. The company had...

18 November 2015

UK part of Petrobras' $1.84bn export financing deals

Brazilian state-run oil company Petrobras has secured export financing deals with creditors in Britain, Italy, Japan and Austria worth $1.84 billion. The credit will...

18 November 2015

Borrowing base of gas and oil group Legacy is cut

USA-based oil and gas group Legacy Reserves has had the borrowing base under its $1.5 billion secured revolving credit facility cut to $900 million from $950...

18 November 2015

Banks face capital hit as Basel overhauls trading rules

Banks are braced for higher capital requirements amid an overhaul of market-risk rules by the Basel Committee on Banking Supervision. The new rules, which will be...

18 November 2015

KEXIM finances Myanmar infrastructure projects

The Export-Import Bank of Korea (Kexim) is extending $183 million in loans to a Myanmar infrastructure modernisation project in a bid to boost business opportunities...

17 November 2015

TXF announces new Perfect 10 award category

For the 2015 edition of the Perfect 10 Awards, TXF has decided to introduce a brand new accolade: Most Sustainable Deal of the Year.

17 November 2015

Trade needs trade finance to grow

Flat trade growth presents a threat to the global economy, says Equant Analytics' Rebecca Harding. This presentation to the TXF Trade and Treasury conference in...

17 November 2015

IFG and FCI form union for receivables finance and factoring

Belgium-based International Factors Group and the Netherlands-based Factors Chain International have agreed to join forces in a union. The association, which will...

17 November 2015

Trafigura reveals $4.3bn oil payments to governments

Trafigura Pte, the Singapore arm of commodity trader Trafigura, paid $4.3 billion in oil-related payments to state entities in 2013. The deals in Colombia, Ghana,...

17 November 2015

JBIC: Russia included in $110bn Asia investment

Export credit agency, the Japan Bank for International Cooperation (JBIC), will include eastern Russia in Japan's plans to fund infrastructure projects in Asia....

17 November 2015

Gas and oil group Lightstream sees borrowing base cut

Lightstream Resources, a Canadian oil and gas group, has had the borrowing base under its credit facility reduced to $550 million from $750 million. The credit...