General Electric has announced that it will move to Welland, Ontario, when it leaves America. The industrial giant said it was leaving for Canada after funding for the...

Aspen Insurance has appointed Mike Toppi as global head of surety risk, based in New York, and Paul Sanders as global head of credit and political risk, based in...

Canadian oil and gas group Bonterra Energy has seen the borrowing base on its credit facilities drop from $425 million to $380 million. It had approximately $340...

Almost 100 countries and regions will be members of the Asian Infrastructure Investment Bank (AIIB) by the end of the year, its president Jin Liqun claimed. Up to 30...

Corporate insolvencies worldwide are set to rise 2% this year as the health of the global economy deteriorates further, insurer Euler Hermes said. One of the causes...

The Russian Agency for Export Credit and Investment Insurance (EXIAR) provided insurance coverage to TransKapitalBank in the financing of high-tech exports by IntelMet...

The Uganda Development Bank is to be recapitalised to extend loans to manufacturers and farmers. It is hoped the move will quicken efforts to modernise agriculture and...

Bloated state development bank BNDES is to be slimmed down by the government in order to boost commercial lenders in the Brazilian infrastructure market.

Italian ECA SACE this week announced the value of claims hit €130.8 million in the first quarter results of 2016 - up 91% on the same period last year. SACE says the...

The whole of the board of Brazil's state development bank BNDES is set to be replaced under the country's interim government. The government is also looking to...

The School of ECA Finance takes place in Rome on June 6-8 and you need to book soon as there is only 1 place remaining. As part of the class of 2016, you will come...

The Shanghai-based New Development Bank (NDB) - founded by Brazil, Russia, India, China and South Africa - is issuing its first yuan-denominated bonds and is set to...

US-based Finacity has facilitated the renewal and amendment of a $700 million global trade receivables securitisation programme for New York-headquartered agribusiness...

Ian Taylor, chief executive officer of Swiss-headquartered commodity giant Vitol, has broken cover to lobby against European Union plans to tighten regulation of...

Standard Chartered and the United States Agency for International Development (USAID) have agreed a $60 million term loan to Zambia's Electricity Supply...

The International Maritime Fund has questioned whether the Korea Development Bank (KDB) and the Export-Import Bank of Korea (Kexim) should be recapitalised to help the...

The European Bank for Reconstruction and Development (EBRD) and the European Union have joined forces to help small and medium-sized enterprises (SMEs) in Georgia take...

More Asia-based companies are being hit by overdue payments, with levels either worse or the same last year as in 2014, insurer Coface claims. Construction, industrial...

Insurer Markel has hired Howard Lee as senior underwriter in its trade credit and political risk business in the US. Based in New York, his responsibilities include...

Morgan McKenney has been appointed head of cash management for Citigroup's treasury and trade solutions (TTS) business in Asia Pacific. She has been with Citi for 13...