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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...

20 November 2015

Obama nominates US director of the Asian Development Bank

Politician Swati Dandekar has been nominated as the United States director of the Asian Development Bank. She was given the rank of an ambassador by US President...

20 November 2015

Kyriba boosts supply chain finance team

US-based cloud treasury management company Kyriba has appointed Eric Riddle to its executive leadership team as executive vice-president of supply chain finance...

20 November 2015

Oil group Sanchez Energy sees borrowing base reduced

US-based oil company Sanchez Energy has seen the borrowing base under its $1.5 billion revolving credit facility drop from $550 million to $500 million. To date,...

20 November 2015

Trafigura-backed Puma to build facility in Myanmar

Singapore-based Puma Energy International, the fuel retail and storage company spun off from commodity trader Trafigura, is building a $100 million facility for...

20 November 2015

Socar Trading seals first revolving credit facility

Socar Trading - the marketing arm of Azerbaijan's oil giant Socar - has signed its first revolving credit facility. The $150 million deal complements its existing...

20 November 2015

Mercuria raises $1.1 bn for Asian RCF with 27 banks on board

Global energy and commodities group Mercuria Energy has signed its Asian revolving credit facility (RCF) for a total amount of $1.1 billion. General syndication saw a...

19 November 2015

HSBC ousts trade veteran Lambert in GTRF restructuring

HSBC’s highly-regarded global head of commodity & structured trade finance (CSTF), Jean-Francois Lambert, has left the bank. The departure comes as part of a structural...

19 November 2015

Better trade finance data needed to satisfy regulators and investors

The lack of reliable data in the trade finance industry could be contributing to the knowledge gap between industry participants, regulators and institutional investors,...

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...