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10 August 2015

ICC calls for harmonized non-preferential rules of origin

The International Chamber of Commerce (ICC) is calling on countries to stop rolling out unilateral non-preferential rules of origin and encouraging them to conclude...

10 August 2015

Cargill unveils first loss in 14 years

David MacLennan, the Cargill chief executive, has said that the agribusiness giant was "focused on improving profitability" after a technological hiccup and...

10 August 2015
in
Metals and Mining, Power, Transport

Zambia's Maamba coal-fired plant closes financing

Details have emerged on the $515 million limited-recourse debt package backing the 300MW Maamba coal-fired power plant and associated mine refurbishment in...

07 August 2015

DFIs and commercial banks arrange financing for Azeri offshore gas field

Development financing institutions (DFIs) and a syndicate of commercial banks have arranged financing of $1 billion to fund the development of an Azerbaijan offshore gas...

06 August 2015

VLG launches Vecron, a new trade finance business unit

Vecron Lordstock Group (VLG), a global structured finance firm specialising in structured trade and project finance, has announced the launching of Vecron Exim, an...

06 August 2015

Nidec India to obtain rupee-denominated loan from JBIC

Nidec Corporation (Nidec) today announced that Nidec India Private Limited (NIND), the company's subsidiary in India, plans to obtain an Indian...

06 August 2015

Glencore digs in for Rio's coal assets

Talks between Glencore and Rio Tinto about the Anglo-Australian mining giant's New South Wales coal assets are back on. Sources say...

06 August 2015

PrimeRevenue appoints Ken Dummitt executive VP, global sales and marketing

PrimeRevenue, a platform for working capital finance solutions, announced that Ken Dummitt has been appointed executive vice president, global sales and marketing. In...

06 August 2015

Number of Asian corporates engaging with receivables financing doubles

Asian corporates are increasingly engaging with receivables financing, according to new research from East & Partners Asia (E&P Asia). The number of...

06 August 2015

Korea Eximbank takes hit for DSME loss

As a major lender to the nation's shipbuilding industry, Export-Import Bank of Korea (Korea Eximbank) has been significantly affected by the major operating loss...

05 August 2015

ING closes US Ex-Im-guaranteed $589 million financing for Vietnam Airlines

ING Capital in New York has closed a US Export-Import Bank (US Ex-Im ) guaranteed financing totalling $589 million for Vietnam Airlines (VNA). The financing relates to...

05 August 2015

Gunvor buys back bonds after Russia deals yield $1.7bn

Gunvor Group said it will use part of the $1.7bn earned from selling assets in Russia to repurchase the commodity trader’s debut bond. A “significant...

05 August 2015

Glencore shares slump to record low

Glencore Plc, the commodity trader and mining company headed by billionaire Ivan Glasenberg, slumped to a record in London trading amid a rout in commodity prices.

05 August 2015

ADM Q2 profit miss estimates on weaker ethanol margins

US agribusiness group ArcherDaniels Midland (ADM) reported a lower-than-expected quarterly profit on Tuesday following declines in ethanol margins and exports from...

05 August 2015

South Africa orders Glencore to shut coal mine over job cuts

South Africa's mines minister has ordered Glencore to suspend all operations at a coal mine because of the way it planned to carry out job cuts. The...

05 August 2015

Wilmar releases Q2 2015 financial report

Asian agribusiness group Wilmar International (Wilmar) has announced an 18% increase in net profit to $201.8m for the quarter ended 30 June 2015. The group’s...

04 August 2015

ABN bolsters commodities division with senior hires

ABN AMRO is continuing to strengthen its energy, commodities & transportation (ECT) division with two senior appointments. The bank has promoted Friso Koopmans as global...

04 August 2015

EBRD boosts Egyptian trade with QNB Al Ahli facility

The European Bank for Reconstruction and Development (EBRD) has provided a $40 million trade finance facility to Egypt’s fourth largest commercial bank, QNB Al Ahli, in a...

04 August 2015

VEB: US sanctions won't affect us

Vnesheconombank (VEB), the Russian development bank, has said it does not expect its activities to be affected despite its subsidiaries having been put on the US...

04 August 2015

Surecomp's IMEX wins Swift label

Surecomp, a global provider of trade finance solutions for banks and corporations, announced that IMEX, its high-volume back-office trade finance solution for banks,...