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Glencore settles royalties dispute with Gertler
15 June 2018

Glencore has settled a mining royalties dispute in Democratic Republic of Congo with companies associated with US sanctioned Israeli billionaire Dan Gertler. Gertler’s Ventora Development Sasu had been seeking $695 million in unpaid and future royalties from Glencore’s subsidiary Mutanda Mining, and $2.28 billion from Glencore subsidiary Kamoto Copper Company (KCC). Ventora accused KCC of breaching an agreement by declining to make royalty payments because Gertler was under US sanctions. Glencore has resolved the situation by agreeing to pay royalties in a currency other than US dollars.

Glencore faces third Congo legal challenge
8 June 2018

Glencore is facing a third legal challenge in the Democratic Republic of Congo. Charles Brown has resurrected a legal claim that Glencore considered dead, launching a billion-dollar bid for compensation for a 19% stake he previously held in Mutanda Mining – the world’s biggest cobalt miner. The move comes at the same time as Glencore faces down the government over a new mining code that hiked taxes. And it raises further questions about Glencore’s ability to hold onto its Congolese assets given state-owned miner Gecamines is bidding to dissolve their Kamoto Copper joint-venture and former partner Dan Gertler is suing for billions of dollars over unpaid royalties.

Can export finance be a ‘force for good’? New TXF podcast released
Can export finance be a ‘force for good’? New TXF podcast released
Dan Sheriff
1 June 2018

TXF's second export finance podcast of 2018 asks whether the industry is, or can be, a force for good? This is the final discussion before our 2018 live show at TXF Global in Prague on the 6 June, where we will also be joined by EKN’s Anna-Karin Jatko and Euler Hermes’ Thomas Baum.

Finance meets philanthropy: An in-depth look at the work of the UN Refugee Agency
Finance meets philanthropy: An in-depth look at the work of the UN Refugee Agency
Dan Sheriff
31 May 2018

The Commodity Finance industry raised an impressive €26,500 for UNHCR - the UN's Refugee Agency - during the industry dinner at TXF Amsterdam on May 17. In an interview with TXF, UNHCR spokesperson Laura Padoan tells us about the critical work of the agency in supporting refugees and displaced people across the world.

Ashurst hires projects partners Alex Guy and Dan Brown
31 May 2018

International law firm Ashurst has boosted its Australian projects capability with the appointment of partners Alex Guy and Dan Brown to the firm's Brisbane office. Guy joins from DLA Piper, where he was the head of their finance and projects practice group in Brisbane. Brown, who also joins the projects practice from DLA Piper, has significant expertise in large-scale infrastructure, natural resources and energy projects in Australia, Asia and the Middle East.

Glencore may face UK bribery probe over Congo dealings
22 May 2018

The UK's Serious Fraud Office is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo Joseph Kabila, it was claimed. Investigators plan to seek formal approval for a full probe into Glencore's dealings in Congo.

AvidXchange hires Dan Drees as chief growth officer
20 April 2018

US-based AvidXchange, a fintech provider of accounts payable and payment automation for midsize companies, has hired Dan Drees to the new role of Chief Growth Officer. He most recently led the fraud and risk solutions business at Fiserv.

Reed Smith hires commodities partner Dan Perera
4 April 2018

Reed Smith has hired commodities partner Dan Perera to its Singapore office. He joins the firm in its Energy & Natural Resources Group from Norton Rose Fulbright. Perera specialises in disputes and advisory matters within the fields of commodities and international trade - hard rock minerals, metals, energy, oil and gas, mining - exploration, production and regulatory, shipbuilding and offshore, including rig and FPSO-related matters under contracts for engineering, procurement, construction and installation.

Blockchain in trade: are we missing the point?
Blockchain in trade: are we missing the point?
Helen Castell
8 January 2018

Amid the hype around blockchain, is the market losing sight of what the technology can really do for trade finance – and what it can’t?

Trafigura hires ex-Noble crude oil trader
5 January 2018

Trafigura has hired Dan Stirk, formerly a North Sea crude oil trader at commodity trader Noble Group, to join its crude desk. The move comes after Chinese trader Unipec hired three former Noble employees to join its middle distillates desk in London.

XL Catlin appoints new head of PRCB for Iberia
21 September 2017

XL Catlin has appointed Santiago Herrero as head of political risk, credit and bond (PRCB) for Iberia. Herrero will be based in Madrid and report to Dan Riordan, global head of PRCB. Herrero was previously political risk manager at Marsh. He has also worked at Construcciones y Auxiliar de Ferrocarriles (CAF) and Amaya Cia. De Seguros y Reaseguros.

Shop talk: Siemens baiting alternative funding pool
Shop talk: Siemens baiting alternative funding pool
Dan Sheriff
12 June 2017

Although a serial promoter of ECA-covered loans to support Siemens manufacturing, Siemens Financial Services (SFS) is not blinkered in its financing approach. SFS is keeping an eye on alternative lenders as the market begins to get comfortable with early-stage project risk.

SMEs and export finance: New TXF podcast released
SMEs and export finance: New TXF podcast released
Dan Sheriff
4 May 2017

In the most recent offering from TXF’s podders, the team discuss the benefits and challenges small and medium-sized enterprises (SME) currently face in tapping the export finance market.

Trade Wars: How trade is being weaponised
Trade Wars: How trade is being weaponised
Dan Sheriff
4 May 2017

TXF joins the front line with Rebecca Harding co-author of ‘Trade Wars – how trade is being ‘weaponised’ to discuss the theory and narrative behind the book.

Out of kilter: Non-bank SCF providers need revenue growth
Out of kilter: Non-bank SCF providers need revenue growth
Helen Castell
21 April 2017

Supply chain finance pure-play providers' use of traditional fee models is causing revenue to be far smaller than increases in new business volumes would suggest. Should they take a punt on new fee models, explore other products to generate fresh revenue streams, or simply beg patience from their investors?

$50bn and counting: GE EFS unlocks alternative ECA support
$50bn and counting: GE EFS unlocks alternative ECA support
Dan Sheriff
31 March 2017

US Exim’s lack of a quorum and inability to approve transactions over $10 million has necessitated some key changes in strategy at GE Energy Financial Services (GE EFS). Bob Psaradellis, GE EFS managing director and global capital advisory leader, and Guto Davies, global ECA leader, talk financing, manufacturing and how to develop $50 billion of global ECA contractual capacity when their previous primary ECA has been handicapped out of the big-ticket market.

AbleChildAfrica: Giving the world's largest minority a chance - and so can you
AbleChildAfrica: Giving the world's largest minority a chance - and so can you
Max Thompson
28 March 2017

Around 15% of the global population are disabled. Of those, approximately 80% live in developing countries and 150 million are children. TXF caught up with Jane Anthony, executive director of AbleChildAfrica, with which we are very proud to have a partnership, to find out more about the charity's vital role in Africa.

Just the ticket: New TXF export finance podcast released
Just the ticket: New TXF export finance podcast released
Dan Sheriff
24 March 2017

In the most recent offering from TXF's podders, the team discuss the rise of direct lending, the types of banks that can benefit from the current ECA environment, and what smaller ticket project financings could mean for the industry.

Mining for ministerial magic at TXF Africa 2017
Mining for ministerial magic at TXF Africa 2017
Katy Rose
6 March 2017

Hon. Dan Kazungu Muzee, Cabinet Sectary at the Ministry of Mining in Kenya, has been confirmed as a keynote speaker for TXF Africa 2017.

Year in review: Trade & supply chain finance
Year in review: Trade & supply chain finance
Hesham Zakai
22 December 2016

Hesham Zakai, TXF’s head of content, picks his favourite trade & supply chain finance stories of 2016.

Siemens’ Doug Schoch talks supply chain finance
Siemens’ Doug Schoch talks supply chain finance
Dan Sheriff
20 October 2016

Doug Schoch, vice president of Captive Business at Siemens, talks to TXF's managing director Dan Sheriff about Siemens' supply chain finance programme and the direction of the SCF industry as a whole.

Blockchain firm Fluent welcomes trade finance experts on advisory board
20 September 2016

Fluent, a financial operating network built on blockchain technology, has announced that it has added two leading trade finance experts to its advisory board. Fluent has added Dan Juliano, ex-senior vice president of business development and co-founder of PrimeRevenue, and Anthony Brown, founder of the Trade Advisory.

2016 to date reviewed: The latest export finance podcast
2016 to date reviewed: The latest export finance podcast
Dan Sheriff
19 September 2016

In the latest edition of the TXF Export Finance podcast, Simon Jones, Simon Sayer and Gabby Buck discuss the performance of the ECA finance industry in the first half of the year, analysing the latest data report from TXF. They then discuss the challenges that lie ahead in the second half, and even deliver a prediction or two.

Fluent adds trade finance experts to board of advisors
16 September 2016

Fluent, a US-based fintech group, has announced that Dan Juliano - co-founder of PrimeRevenue; and the Trade Advisory founder Anthony Brown have joined its board of advisors.

Nomination period for US trade finance council due to close
Nomination period for US trade finance council due to close
Dan Sheriff
19 August 2016

Trade finance professionals have until Monday August 22nd to apply for the new Trade Finance Advisory Council (TFAC) established by the US Department of Commerce.

Blog: Knowing me, knowing you
Blog: Knowing me, knowing you
Dan Sheriff
27 June 2016

A list of some of the issues we have been grappling with since news of the "leave" vote in Britain last week.

Introducing Ishka: A new company for the aviation finance industry
Introducing Ishka: A new company for the aviation finance industry
Dan Sheriff
23 June 2016

TXF is delighted to announce our new foray into the world of aviation with the launch of Ishka!

10 key export finance trends in 2016
10 key export finance trends in 2016
Dan Sheriff
14 June 2016

As presented at TXF Rome last week, here are the 10 trends we are seeing in export finance in 2016. These were derived from three separate, bespoke research initiatives undertaken by TXF over the past 6 months.

IIs and the capital markets: Latest export finance podcast
IIs and the capital markets: Latest export finance podcast
Dan Sheriff
14 June 2016

Following on the distribution theme, this podcast examines the developing relationship between export finance, institutional investors and the capital markets.

Regulation and working capital key drivers for trade finance and treasury
Regulation and working capital key drivers for trade finance and treasury
Dan Sheriff
9 June 2016

Regulation was seen as the biggest challenge for the trade finance industry, whilst working capital optimisation the top priority for corporate treasurers during a poll at the TXF Trade, Fintech and Treasury conference in London on Tuesday.

Distribution: The latest export finance podcast
Distribution: The latest export finance podcast
Dan Sheriff
8 June 2016

For the fourth edition of our export finance podcast, we look at the issue of distribution - how are models changing, what are the key drivers, where are the regulatory pressure points and why has efficient distribution become more important than ever.

Private Insurance: The latest export finance podcast
Private Insurance: The latest export finance podcast
Dan Sheriff
12 May 2016

In this episode, our experts explore the relationship between private insurance and the export finance industry. How has the relationship between private insurance and banks changed, as product and regulatory initiatives have taken place? What considerations must take place when deciding on when and how to use private and ECA cover?

Regulation and advocacy: The latest export finance podcast is available now
Regulation and advocacy: The latest export finance podcast is available now
Dan Sheriff
27 April 2016

In the second TXF export finance podcast, our experts debate the new regulatory reality in export finance, what it means for the industry, and how the environment will continue to develop.

Bibby Canada hires Dan Millar as VP
27 April 2016

Bibby Financial Services Canada has made Dan Millar its vice-president portfolio manager. He will be responsible for delivering growth in large ticket factoring and asset-based lending.

Former Berne Union president takes leading role at XL Catlin
Former Berne Union president takes leading role at XL Catlin
Dan Sheriff
20 April 2016

Daniel Riordan has been appointed as president, XL Catlin Global Political Risk and Trade Credit. This represents a significant move from the private insurance underwriter, which has been building up its activities in the sector.

'Listen to the customer': A final word with US Ex-Im chairman Fred Hochberg
'Listen to the customer': A final word with US Ex-Im chairman Fred Hochberg
Dan Sheriff
10 April 2016

Fred Hochberg is now officially the longest serving chairman in the history of US Exim Bank. 2016 was his seventh and final annual conference in the role, and TXF caught up with him briefly to ask about the conference, his legacy, and the ongoing issue of the board quorum.

US and Turkish agencies team up to target African business
US and Turkish agencies team up to target African business
Dan Sheriff
10 April 2016

TXF was on hand at the signing of a new cofinancing agreement last week, between US Ex-Im Bank and Turk Eximbank, aimed at making exporters more competitive, particularly in Sub-Saharan Africa

Emotional Hochberg thanks exporters for backing Ex-Im
Emotional Hochberg thanks exporters for backing Ex-Im
Dan Sheriff
7 April 2016

President and chairman of the Export-Import Bank of the US (Ex-Im) Fred Hochberg was visibly moved as he addressed US exporters today in the opening speech of the Annual Ex-Im bank conference held in Washington.

Introducing… The Export Finance Podcast
Introducing… The Export Finance Podcast
Dan Sheriff
24 March 2016

Join a room full of industry experts for free-flowing and in-depth debate, and the most talked about podcast on export finance.

Bleak outlook for Brazilian exporters and importers
Bleak outlook for Brazilian exporters and importers
Luis Waldman
18 March 2016

The state of trade, commodity and export finance in Brazil: special correspondent Luis Waldmann looks at the avenues that Brazilian exporters have for export, commodity and trade finance amid a political and economic crisis.

US Exim inches closer to quorum following Shelby’s primary victory
US Exim inches closer to quorum following Shelby’s primary victory
Dan Sheriff
2 March 2016

US Exim could be one step closer to being able to fully supporting US exporters following Senator Shelby’s recent victory at the Alabama Primary.

US Ex-Im bank redemption: (Nearly) free at last
US Ex-Im bank redemption: (Nearly) free at last
Dan Sheriff
1 February 2016

Fred Hochberg, chairman and president of the Export-Import Bank of the United States (US Ex-Im) speaks to TXF about the reality of running a bank that has been held hostage by US partisan politics.

Exporters’ Choice Awards 2015 winners announced
Exporters’ Choice Awards 2015 winners announced
Oliver Gordon
20 January 2016

TXF has announced the winners of the 2015 Exporters’ Choice Awards. Only three banks and three export credit agencies (ECAs) have qualified for the award.

Learning to love conflict
Learning to love conflict
Daniel Sheriff
1 December 2015

Sullivan & Worcester hosted a Trade Finance Breakfast Seminar entitled "Learning to Love Conflict." Michael Sullivan looked at dispute resolution alternatives and provided some insight on the dos and don'ts.

Berne Union elects Topi Vesteri as president at AGM in Shanghai
Berne Union elects Topi Vesteri as president at AGM in Shanghai
Jonathan Bell
5 November 2015

At the Berne Union - the International Union of Credit & Investment Insurers - and Prague Club annual general meeting this week in Shanghai - hosted by China’s official export credit agency Sinosure - members elected Topi Vesteri

Asian export finance community bullish for 2016
Asian export finance community bullish for 2016
Dan Sheriff
29 October 2015

The export finance community in Asia was, as ever, bullish on growth forecasts for the year ahead. A poll of delegates taken at the TXF Asia Export and Agency Finance conference in Hong Kong showed over 60% expect to see growth in business over the next 12 months. Indeed, 16% expected to see growth in excess of 20%; and only 14% reported an expected decrease.

SMEs and the Berne Union
SMEs and the Berne Union
Abbey Sturrock
12 October 2015

Last year, the Berne Union provided an update on how its members have worked with small and medium-sized exporters (SMEs) given their important roles in supporting national economies. With continued attention and focus on SMEs worldwide, the Berne Union is pleased

Problems and solutions in cross border receivables transactions
Problems and solutions in cross border receivables transactions
Daniel Sheriff
16 September 2015

Problems and solutions in cross border receivables transactions

What will be the impact of the China-Australia Free Trade Agreement?
23 June 2015

  Dr Dan Steinbock of the India, China and America Institute in the US, delivers a run-down on the negotiations that led to the agreement, what it means for stability and properity across Asia, and the impact on Australia-China and Austrailia-US relations.  

An Update on Current Issues in the Trade and Commodity Finance World.
An Update on Current Issues in the Trade and Commodity Finance World.
Daniel Sheriff
21 June 2015

An Update on Current Issues in the Trade and Commodity Finance World.