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Kwa Chong Seng announces Olam resignation
30 August 2016

China's Cofco buys rest of grain trader Nidera
30 August 2016

Gazprom largely unaffected by western sanctions
26 August 2016

TXF Data Update: Commodity financing down 30% as banks tighten lending procedures
TXF Data Update: Commodity financing down 30% as banks tighten lending procedures
Callum Burroughs
26 August 2016

TXF’s commodity finance report for H1 shows that overall commodity financing is down 30% on the same period last year while structured commodity financing has increased in 2016. Regulation, commodity prices and banking requirements have led to a difficult market on both sides of the financing world.

Gunvor signs increased RCF
Gunvor signs increased RCF
Callum Burroughs
22 August 2016

Gunvor has closed an oversubscribed revolving credit facility. The Swiss trader has drawn new banks into the syndicated facility and increased the size of the deal compared to last year.

India: A new dawn for foreign OSV owners?
22 August 2016

Glencore on course to hit debt reduction target
22 August 2016

Time for African oil & gas industry to consider change, says PwC
22 August 2016
PwC

Glencore 'vindicated' on zinc mine cuts, says Morgan Stanley
22 August 2016

Government inquiry called over Glencore Australia zinc mine clean-up
22 August 2016

Ocean Partners lands  borrowing base despite ‘tough’ market
Ocean Partners lands borrowing base despite ‘tough’ market
Callum Burroughs
18 August 2016

Although experiencing problematic market conditions, commodity trader Ocean Partners successfully closed a refinanced revolving credit facility in July, attracting participation from ten banks.

Mercuria seals borrowing base as lenders look to safer structures
Mercuria seals borrowing base as lenders look to safer structures
Callum Burroughs
17 August 2016

Lenders have always been keen to protect their returns but a recent trend towards borrowing base facilities demonstrates a clear preference for stringent security and asset based financing.

Gunvor secures financing for Rotterdam refinery
17 August 2016

BHP Billiton reveals record $6.4bn loss
16 August 2016

Sabine Oil & Gas emerges from bankruptcy
16 August 2016

Chesapeake Energy takes $1bn loan
16 August 2016

Gazprom M&T seals new $400m RCF as lenders sanctions fears ease
Gazprom M&T seals new $400m RCF as lenders sanctions fears ease
Callum Burroughs
15 August 2016

Despite sanctions still impacting Russia, the state-owned oil giant Gazprom’s UK-based subsidiary has quelled lender concerns to seal a new commodity financing agreement.

MIT opens office in Singapore
15 August 2016

TXF Data Update: Middle East tops export finance market in H1
TXF Data Update: Middle East tops export finance market in H1
Max Thompson
12 August 2016

The Middle East is the largest export finance borrower market in the first half of the year, with a 35.3% share of the global market; the export finance community cites power, oil and gas, and real estate as the driving factors behind the growth.

Encanto Potash makes board and CEO moves
12 August 2016

Cargill posts net profit but revenue declines
11 August 2016

Embattled Noble Group posts $54.9m loss
11 August 2016

Trafigura sets up manufacturing facility in India
11 August 2016

Punish Petrobras, says antitrust regulator
10 August 2016

Trafigura extends crude credit to China teapots
9 August 2016

Chinese province extends maturity on $60bn in coal loans
9 August 2016

The long and winding road to digital trade finance documents
The long and winding road to digital trade finance documents
Helen Reid
8 August 2016

Awareness about digitisation of trade finance documents still has a way to go in order for mass adoption to be achieved, as the paperless trade technologies battle against legacy systems. TXF discusses with essDocs the obstacles and ambitions of the growing digital trade finance documentation sector, and how SWIFT’s Bank Payment Obligation might be regaining credence.

Glencore Agri's Canada Pension Plan deal questioned
8 August 2016

Gazprom Marketing & Trading welcomes back Jon Larsen
8 August 2016

Sustainable supply chain management gaining momentum
Sustainable supply chain management gaining momentum
Helen Reid
5 August 2016

Olam’s acquisition of Archer Daniels Midland (ADM)’s cocoa business provides the perfect opportunity to investigate the trader’s track record for sustainable cocoa and palm oil, its particular supply chain management technique, and the way the industry is moving towards ever greater monitoring of sustainable practices.

ITFC launches programme to boost Indonesian coffee exports
5 August 2016

Petrobras could get $768 million from Liquigas sale
4 August 2016

Robert Parson rejoins Clyde & Co
4 August 2016

Trade credit insurers face 'triple whammy' of risks
Trade credit insurers face 'triple whammy' of risks
Helen Reid
2 August 2016

Trade credit insurance is reeling from the shocks affecting the global economy, recent reports from leading insurers show. World corporate risk has reached a peak, says a Coface report, and Euler Hermes reported increased claims from American companies.

Ferrexpo makes final PXF payment on time
2 August 2016

Port of Newscastle takes action against Glencore over fees
29 July 2016

COFCO International hires Matt Jansen as CEO
28 July 2016

S&W Breakfast Briefing: Touching base with regulations
S&W Breakfast Briefing: Touching base with regulations
Oliver Gordon
27 July 2016

In the latest edition of law firm Sullivan & Worcester's Trade Finance Breakfast Seminars, partners Geoffrey Wynne, Mark Norris, Marian Boyle and Sam Fowler-Holmes provide a legal update on a gamut of pressing regulatory issues including the UK's Modern Slavery Act, Article 55 and Bail-In, and international sanctions regimes.

Angola to “look east” after dismissing the IMF
26 July 2016

Castleton cements super-trader status with $3.3 billion loan
Castleton cements super-trader status with $3.3 billion loan
Helen Reid
26 July 2016

Castleton Commodities International has closed a $3.3 billion trade loan refinancing its huge 2015 facility, which marked its expansion into global oil trading. The energy and metals trading company secured a lower margin on the loan and included new Asian lenders, consolidating its position as a super trader.

Metalloinvest announces $600m pre-schedule repayment
26 July 2016

Glencore boss confident of commodities revival
25 July 2016

Stolt-Nielsen secures $325m loan for Jo Tankers acquisition
Stolt-Nielsen secures $325m loan for Jo Tankers acquisition
Jonathan Bell
22 July 2016

Stolt-Nielsen Limited, a Bermuda based provider of integrated transportation solutions for chemicals, and bulk liquids, has secured a $325 million loan with three relationship banks to acquire the chemical tanker operations and assets of Norway’s Jo Tankers.

Mechel's foreign lenders want collateral for restructuring
22 July 2016

Commodity misinvoicing costs billions to developing world
21 July 2016

Rusal sells Jamaican refinery to China
19 July 2016

Petrobras must ramp up sale of assets
19 July 2016

Credit Suisse downgrades Glencore to 'neutral'
19 July 2016

VTB steps up trade support despite sanctions burden
VTB steps up trade support despite sanctions burden
Oliver Gordon
14 July 2016

Ollie Gordon catches up with VTB Bank’s head of global commodities and the managing director of its Trade and Export Finance division to find out how the bank is supporting its exporting clients in a post-sanctions environment.

Banks caught in “vicious circle” – BB Energy CFO
Banks caught in “vicious circle” – BB Energy CFO
Oliver Gordon
13 July 2016

In a wide-ranging interview, Riccardo Greco, chief financial officer of commodity trader BB Energy, talks to TXF’s Ollie Gordon about commodity prices, target markets, the traders’ varying business models, market consolidation, and the present availability of commodity finance.