The problems at the Oyu Tolgoi mining project in Mongolia mean the sponsors, Rio Tinto via its ownership of Turquoise Hill Resources, will have to raise $1 billion-plus more debt for the scheme. But is additional debt or a full refinancing the more likely outcome?
Matthew Oresman and Henrietta Worthington, partner and associate at Pillsbury Winthrop Shaw Pittman LLP, take a look at why they think US policy represents the greatest threat to the world’s leading currency.
With Congress split between a Republican Senate and a Democrat House of representatives, there are three key areas where the changing US political dynamic will affect trade – attitudes to Russia, China and the role of the new IDFC. For anyone seeking safe passage through these unpredictable times – a nuanced understanding of these key points and the chief policymakers is a must.
Iran has yet to produce the project and trade flows bankers hoped for following signing of the JCPOA in 2016. The hurdles are largely born of the Trump administration – but not all. And while European lenders remain wary, Iran is looking eastward for debt.
Donald Trump’s election last Tuesday may have only surprised pollsters but there was a mixed reaction in the trade financing space. The potential effects of Trump’s mooted policies will be felt across world trade and could potentially spell trouble ahead for the industry.
US and EU sanctions against Russia came into effect in 2014 and two years later their effect has led to an economic slowdown, and limited financing opportunities. The recent re-iteration of these sanctions serves to remind the business and financing communities of the intense damage to international trade these sanctions are having.
The lifting of Iranian sanctions following the country’s nuclear deal with the US heralded a wave of transactions and many predicted a gold rush.Global payment processor SWIFT started reconnecting Iranian banks to its system in January after four years of isolation, enabling them to process international payments. However, banks are still highly wary of going into transactions in the country, with the shadow of hefty fines slapped on BNP Paribas, Standard Chartered and others, hanging over them.
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?
Sanctions on Russia and Crimea have introduced additional regulatory and commercial considerations for companies engaging in business transactions with certain parties in Russia and Ukraine. These sanctions continue to evolve regularly, and the US, EU, and other countries are working to ensure that existing provisions have sustained impact.
TXF PRI: Trade, Commodity & Export Finance is taking place this February. Delve into the local market and make high-level contacts that might just lead to your next deal...
This virtual event will address those challenges head-on. We want to create an atmosphere that is inspiring and ideas led, that demonstrates the art of the possible for the export finance community.
Uniting the key players and deal makers across the Americas. This is your chance to stay connected and ahead of the curve!
Join us while we are looking into the commodity finance sector for the Asia Pacific region. Connect with key players and hear about current and future deals.
The destination for African export & project finance. Come together with deal makers across the region for virtual networking opportunities second to none .
TXF is introducing the 'Financing the Energy Transition' event, focusing on the latest updates and future plan of the energy transition.
Proud to be bringing back TXF Global Commodity Finance, a must-attend event for the commodity finance community.
TXF invites you to join a dynamic group of export finance professionals to plot your ideas on where we're heading and how to get there
Fasten your seatbelt for the second leg of the ultimate export finance world tour, with stop-offs at Asia, Mena, Europe, Africa, and the Americas
This year's global trade virtual event will look into the impact of covid-19 to the market and explore new opportunities
Calling all changemakers in export finance! Join us to plot your ideas about diversity, sustainability and inclusion in the industry. If you are here to make a difference you are in the right place!
Your largest export, agency & project finance event returns to Madrid for 2021 after a 2020 virtual extravaganza! Industry renowned as the go-to for global export finance. Let the deal-making begin!
We are delighted to bring back this senior-level virtual event dedicated to the MENA region! Examine the regions' key trends and future opportunities whilst networking in a safe space.
A key event in the export, agency & project finance event calendar for senior and influential professionals working across the Asia-Pacific region. Networking and deal opportunities abound!