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17 February 2016

K-sure to support exports to Iran and Cuba

The Korea Trade Insurance Corporation (K-sure) will provide 196 trillion won worth of insurance this year to back businesses exporting to Iran, Cuba and other new...

16 February 2016

A changing world: tapping in to trade opportunities

At a BNY Mellon-hosted roundtable in Abu Dhabi, TXF sat down with a number of UAE banks to discuss the region’s economic developments, the evolving trade arena, and how...

16 February 2016

Nokia leans on Finnvera for global expansion plans

Nokia — Finland’s premier telecoms company — is in the process of finalising its takeover of France’s Alcatel-Lucent in a $16.6 billion deal that will propel the ailing...

16 February 2016

NDB and AIIB "friends not foes"

The New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB) will work together - rather than compete against each other - on infrastructure...

16 February 2016

Kenya-Ethiopia trade set to benefit from AfDB-funded border post

Trade between Kenya and Ethiopia is expected to be boosted by the completion of a one-stop border post in May. The project, funded by the African Development Bank...

16 February 2016

Commonwealth Bank of Australia shuts project advisory team

The Commonwealth Bank of Australia has shut its five-person project advisory team amid falling demand for its services. The team's members are being allocated to...

16 February 2016

Lending limit drop may spur oil industry shakeout

The borrowing bases for 45 speculative-grade oil and natural gas producers will fall by an average of 20% to 30% when banks take a fresh look in April, according to...

16 February 2016

India to chair NDB for next 11 months

India has taken over the chairmanship of the New Development Bank (NDB) for the next 11 months. The country's prime minister, Narendra Modi, has proposed ten...

16 February 2016

Bunge shares drop as CEO predicts difficult year

America-headquartered agribusiness Bunge has warned that 2016 will be a challenging year because of slumping US farm exports and processing margins. Chief executive...

16 February 2016

Andre Casterman joins Intix management team

Intix, a Belgium-based provider of software solutions for the financial industry, has appointed Andre Casterman to its management team. Casterman, the former global head...

16 February 2016

HFW expands projects team with partner hire

International law firm Holman Fenwick Willan (HFW) has taken on Hugues de La Forge as a projects partner at its Paris office. He was previously a partner at Jeantet in...

15 February 2016

Citi’s trade chief: 2015 was the riskiest year to date

In a wide-ranging interview, Citi’s global head of trade, John Ahearn, talks to TXF’s Hesham Zakai about challenging pricing in the market; why 2015 was the riskiest year...

15 February 2016

NPT taps NEXI to meet Vietnam's capex splurge

Vietnam's state-owned National Power Transmission Corporation (NPT) has signed a $200 million loan facility for a coal-fired power plant, backed by Japanese export credit...

15 February 2016

IFC and SMBC set up $1bn trade financing facility

The International Finance Corporation (IFC) is teaming up with Japan's Sumitomo Mitsui Banking Corporation (SMBC) to set up a $1 billion trade financing facility. The...

15 February 2016

UAE and Middle East trade finance up despite problems

Trade finance in the United Arab Emirates (UAE) and Middle East is growing, but faces challenges relating to the economic slowdown, high cost of compliance, tightening...

15 February 2016

Seoul unlikely to see $2.5bn it loaned to North Korea

South Korea is unlikely to get back $2.5 billion in outstanding loans and interest payments it provided North Korea as relations between the two nations freeze. Almost...

15 February 2016

Noble Group LNG traders "leaving to join Glencore"

Three liquefied natural gas (LNG) traders at Hong Kong-based Noble Group are leaving to join Swiss-headquartered Glencore, sources familiar with the matter told...

15 February 2016

India Ex-Im in $150m deal to develop Iran's railways.

The Export-Import Bank of India (India Ex-Im) has signed a $150 million financing deal with Iran's development bank for industries and mining to upgrade the...

15 February 2016

ABN AMRO appoints head of renewable energy

Amsterdam-based ABN AMRO has hired Marie de Graaf as head of renewable energy as part of the bank's energy, commodities and transportation clients business. She...

15 February 2016

UKEF chief: Finance and insurance are a must for businesses

Louis Taylor, the chief executive of UK Export Finance (UKEF), says no export should fail for lack of finance or insurance from the private sector. He tells Business...