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News
04 July 2016

Oman: 68% of exporters have no credit insurance

About 68% of Oman's exporters are working without credit insurance, putting them at risk of defaults. The Export Credit Guarantee Agency of Oman said it was mainly...

News
04 July 2016

JPMorgan boosts trade finance presence in India

JPMorgan Chase & Co is set to open three more branches in India - as most foreign banks are scaling back their operations in the country. The branches will provide...

News
04 July 2016

EBRD supports Albanian electricity group modernisation

The European Bank for Reconstruction and Development (EBRD) has agreed a €218 million loan to Albanian electricity generator Korporata Elektroenergjitike...

News
04 July 2016

Euler Hermes: More businesses will fail in 2016

Increased turbulence in sectors such as commodities and weak long-term growth will cause more businesses to fail globally this year, trade credit insurer Euler Hermes...

Perspective
01 July 2016

STX: Investing in the future of cruise ships

On the sidelines of TXF's Export & Agency Finance conference in Rome, Max Thompson caught up with STX France's head of financing and treasury, Jean-Philippe Neau, to find...

News
01 July 2016

$8.6bn fund is agreed for exposed Kexim and KDB

The Bank of Korea has agreed to an $8.7 billion loan to a government-initiated fund to recapitalise the Export-Import Bank of Korea (Kexim) and Korea Development Bank...

News
01 July 2016

EBRD supports expansion of solar energy in Cyprus

The European Bank for Reconstruction and Development (EBRD) is providing €10 million in debt financing for the construction, development and operation of five...

News
01 July 2016

Norway's GIEK backs deals with Italy's Saipem

GIEK, Norway's export credit agency, has agreed a credit facility for up to €667 million with Italian drilling company Saipem to buy Norwegian offshore...

News
01 July 2016

New Act on EKF future-proofs Danish export credits

EKF, the Danish export credit agency, is becoming an independent public company in a move which "future proofs" the group so it can help the country's...

News
01 July 2016

Panama Canal expansion opens to boost trade

Work on the $5.5 billion expansion of the Panama Canal, partly financed by the International Finance Corporation (IFC) and four other development banks and seen as key...

News
01 July 2016

AfDB approves trade finance loans to Nigerian banks

The African Development Bank (AfDB) has approved $300 million and $50 million trade finance loans to First Bank of Nigeria and FSDH Merchant Bank Nigeria respectively....

News
01 July 2016

Petrobras to hire Silva for new top strategy post

Petrobras, Brazil's state-run oil company, is set to name Nelson Silva as chief of strategy and management, a newly created position on its senior management...

News
01 July 2016

Gener8 Maritime amends Sinosure financing

US-based crude oil transportation provider Gener8 Maritime has agreed an amendment to an existing senior secured credit facility with the China Export & Credit...

News
01 July 2016

Nakao sole nominee as ADB presidential voting starts

Takehiko Nakao, the serving president of the Asian Development Bank (ADB), was the sole nominee as the voting process on the next leader began. Voting closes on 4...

News
01 July 2016

Hoda Moustafa appointed MIGA Africa regional head

The Multilateral Investment Guarantee Agency (MIGA), the political risk insurance and credit enhancement arm of the World Bank Group, has appointed Hoda Atia Moustafa...

Perspective
30 June 2016

Sanjeev Gupta – UK steel’s knight in shining armour?

Ollie Gordon talks to Sanjeev Gupta, the founder and executive chairman of Liberty House Group, about the commodity firm’s much-publicised takeover bid for Tata’s UK...

Perspective
30 June 2016

Sucden secures $400m in RCF and brings six new banks into the facility

Commodity trading company Sucres et Denrées (Sucden) has successfully signed its revolving credit facility (RCF) for a total of $400 million, bringing six new banks into...

Perspective
30 June 2016

Hornsdale's $173.5m project financing propels Australia towards renewables target

Australia's Hornsdale Wind Farm secured financing with a club loan of A$173.5 million from KfW IPEX-Bank and Société Générale for the project’s second stage of...

News
30 June 2016

Glencore paid $5 billion to foreign governments

Swiss-based commodities giant Glencore paid $5 billion in taxes, royalties and other payments to countries where it extracted raw materials last year. It revealed the...

News
30 June 2016

India lifts ban on trade with Iran

The Indian government has lifted its ban on trade with Iran. India is the second largest customer of Iran's oil and the fifth major importer of its goods.