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23 March 2016

EDC goes out on the pull

TXF looks at Export Development Canada's unique and controversial 'pull strategy,' of untied financing to foreign companies like BMW.

11 March 2016
in
Oil & gas

Gazprom agrees 2 billion euro Chinese bilateral loan

In a move which demonstrates the tightening of Russian ties with Chinese financing, Gazprom accessed its biggest ever loan from a private Chinese lender, signing 2...

02 March 2016

Nigeria’s NNPC bid for transparency attracts lenders

International banks are showing renewed interest in investments in Nigeria’s oil sector, as the new management of state-owned Nigerian National Petroleum Corporation...

02 March 2016
in
Metals and Mining

Glencore's revolver and results paint brighter picture for trader

Glencore plans to ramp up debt reduction, cutting net debt to $17 billion-$18 billion by the end of this year, as it announced big losses in its annual results. The news...

01 March 2016

Beni Suef continues Egyptian energy boom

Egypt's $1.49 billion December loan, backed by export credit agencies (ECAs), to build the Beni Suef power station – is just the latest example of the country's continued...

16 February 2016

A changing world: tapping in to trade opportunities

At a BNY Mellon-hosted roundtable in Abu Dhabi, TXF sat down with a number of UAE banks to discuss the region’s economic developments, the evolving trade arena, and how...

28 January 2016

Wynne’s Words: Pointers for trade finance in 2016

2016 is set to be a year of change. Trade sanctions on Iran have been suspended; those on Russia, on the contrary, have been extended for another six months. Compliance...

11 January 2016

The dirty underbelly of localisation

Localisation requirements in emerging-markets projects are meant to be a way of giving back; an attempt at ensuring a lasting beneficial legacy for the local population...

03 December 2015

Balani: Banks have to understand they are the frontline of AML

In a wide-ranging interview with TXF’s Hesham Zakai, Henry Balani talks about the responsibilities facing banks; unintended consequences engendered by regulation,...

13 October 2015

Trade finance as an asset class

Helen Castell at TXF talks to Bob Kowit, a member of the trade finance team at Federated Investors, about the challenges involved in creating a pool of trade finance...

24 September 2015

EuroFinance '15: More UK SMEs looking to export, says Lloyds

More small and medium-sized enterprises (SMEs) are seeking to export their goods and services abroad following a government export push in recent years, a couple of...

26 August 2015

Bibby Financial Services expands into Malaysia

Independent SME funding specialist Bibby Financial Services (BFS) is expanding into Malaysia with the ramping up of its existing offices in Iskandar. Alan Wong has also...

14 August 2015

KAZ Minerals signs $50 million credit facility with Caterpillar

Kazakhstan-focused copper production company KAZ Minerals has signed a new $50 million revolving credit facility (RCF) with Caterpillar Financial Services (UK) (Cat...

24 June 2015

Final Cole Commission report on UK export revolution plan is released

The final Cole Commission report in relation to changing UK export culture was released today. The independently commissioned report is an action plan for the UK...

10 June 2015

Boost for DRC trade with ATI credit risk agreement

The central bank of the Democratic Republic of Congo (DRC) has reached an agreement with the African Trade Insurance Agency (ATI) whereby banks will receive up to 50%...

27 May 2015

Gunvor Singapore secures $912 million revolver

Commodity trading company Gunvor Singapore, a wholly-owned subsidiary of Gunvor Group, has signed a $911.7 million syndicated revolving credit facility (RCF). The...

14 May 2015

Russia’s VEB ramps up business in China

Russian state corporation Vnesheconombank (VEB) has increased business with Chinese institutions by signing a $8 billion framework credit agreement with China Development...

02 April 2015

Petrobras secures $3.5 billion from China Development Bank

Brazil’s state-run oil company Petroleo Brasileiro (Petrobras) has signed a $3.5 billion credit facility with China Development Bank (CDB). The deal comes at a...

26 March 2015

Louis Dreyfus appoints Asia head of trade finance

Commodity trading company Louis Dreyfus Commodities has appointed Vijay Anand Ramanujam as its new regional head of trade finance for Asia. He is based in Singapore.

05 March 2015

Bolero ramps up activity in Asia with new Singapore office

The e-trade finance solutions provider, Bolero, has announced it will open a new office in the Raffles Place financial district in Singapore.