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15 February 2016

Noble Group LNG traders "leaving to join Glencore"

Three liquefied natural gas (LNG) traders at Hong Kong-based Noble Group are leaving to join Swiss-headquartered Glencore, sources familiar with the matter told...

15 February 2016

India Ex-Im in $150m deal to develop Iran's railways.

The Export-Import Bank of India (India Ex-Im) has signed a $150 million financing deal with Iran's development bank for industries and mining to upgrade the...

15 February 2016

ABN AMRO appoints head of renewable energy

Amsterdam-based ABN AMRO has hired Marie de Graaf as head of renewable energy as part of the bank's energy, commodities and transportation clients business. She...

15 February 2016

UKEF chief: Finance and insurance are a must for businesses

Louis Taylor, the chief executive of UK Export Finance (UKEF), says no export should fail for lack of finance or insurance from the private sector. He tells Business...

15 February 2016

Allied World launches trade credit insurance suite in Canada

Swiss-based Allied World Assurance Company has announced that its suite of trade credit and political risk insurance products are available in Canada. The coverage...

12 February 2016

Lundin signs Europe’s largest reserve-based loan

As oil prices reached 12-year lows with wide-ranging consequences for the petroleum industry, Lundin Petroleum (Lundin) sealed the largest-ever reserve-based lending deal...

12 February 2016

Bank-fintech alliances set to revolutionise B2B payments

In a new report just released, it asserts that banks and fintechs should collaborate rather than compete, as a strategy to overcome some of the challenges facing the...

12 February 2016

BNP Paribas backs out of reserve based lending

French bank BNP Paribas has shut down its reserve-based lending business in Houston after 13-year-low oil prices stoked concerns of rising loan defaults among...

12 February 2016

Zurich warns of more capital controls as commodity prices fall

Low commodity prices are raising political risk and causing capital controls in the emerging markets, warns Zurich. The credit and political risk insurer states...

12 February 2016

WindMW mandates Deutsche Bank for Meerwind refinancing

WindMW, owner of the Meerwind offshore wind park, mandated Deutsche Bank in December 2015 to refinance a series of loans and bonds on the 288MW Meerwind Sud/Ost...

12 February 2016

Maersk suffers on the back of slower global trade

Maersk, the world’s largest container shipping company, has stated that business conditions are markedly worse than during the 2008 financial crisis as the...

12 February 2016

JCPS issues $1.2bn bond to fund sugar crop

Jamaica Cane Product Sales Limited (JCPS), owner of the Jamaica Gold brand and a marketer of raw bulk sugar, has issued a  $1.2 billion privately-placed bond to...

12 February 2016

Concord Resources signs $250m loan from Goldman subsidiary

New metal trader Concord Resources has signed a $250m one-year credit line from J Aron, Goldman Sachs’s commodity lending arm. Concord, which is based in...

11 February 2016

20 years in the making: factoring’s long-awaited union

At the beginning of the 2016, Factors Chain International (FCI) and International Factors Group (IFG) merged to form the world’s largest factoring network. The...

11 February 2016

Kongsberg selects GTC's multi-bank trade finance platform and SWIFT

US software developer GlobalTrade Corporation (GTC) has announced that Kongsberg Gruppen - a Norwegian tech firm that develops advanced systems and technologies...

11 February 2016

India Ex-Im to raise $300 million through panda bonds

The Export-Import Bank of India (India Ex-Im) plans to raise $300 million from Chinese financial markets through panda bonds to finance demand for credit. The bank is...

11 February 2016

Waitrose boss Mark Price is new Foreign Office trade minister

Mark Price, the outgoing boss of Waitrose, will become Britain's new Foreign Office trade minister. His role will see him oversee UK Export Finance, Britain's...

11 February 2016

US expresses fears over Indian smart cities project

India's ambitious plan to build 100 smart cities faces the challenges of local content requirements on goods and services, and financing, according to the US. A...

11 February 2016

MFC Industrial buys trade finance bank Bawag

MFC Industrial, a Canadian global trade finance and supply chain company, has bought Bawag Malta Bank in a €90.8 million deal. The bank, bought from Bawag PSK of...

11 February 2016

SACE backs textile group amid global expansion

SACE, the Italian export credit agency, has provided an €8 million guarantee to the country's Maglital, a textile manufacturer. Maglital is planning a...