The Bank of China is to open a branch in Prague - the first Chinese bank in the Czech Republic. Apart from opening bank accounts, it will offer trade financing,...

The Asian Development Bank (ADB) and Tsesnabank have signed a deal to help small and medium-sized enterprises in Kazakhstan. The deal was done under ADB's Trade...

Global commercial finance company DS-Concept Factoring has provided a $3.5 million export accounts receivable facility to an apparel manufacturer in China. The client...

The Export-Import Bank of China (China Exim) and PTA Bank - an African trade and development bank - are working together to co-finance infrastructure projects in...

The Chinese renminbi (RMB) has reached almost 40% adoption across global financial institutions. RMB usage for payments with China and Hong Kong has risen almost 18%,...

The Republic of the Congo has ratified the country's membership of the African Export-Import Bank (Afreximbank). President Denis Sassou Nguesso said the country...

SUEK has secured a $1 billion pre-export finance facility showing Russian commodity producers buoyed by a cheap ruble can still access international financing despite...

Russian state development bank Vnesheconombank (VEB) is to be given $2.2 billion by the government after economy minister Alexei Ulyukayev backed a decision to...

UK Export Finance (UKEF) has adopted the Equator Principles - a global framework to promote sustainable environmental, social and human rights decision-making in...

The Russian Agency for Export Credit and Investment Insurance (EXIAR) has had its insurance liability limit increased to $10 billion by the government.

Law firm Chadbourne & Parke has hired energy and infrastructure lawyer Deon Govender at its Johannesburg office as an international partner. He is an experienced...

The Japan Bank for International Cooperation (JBIC) and Sumitomo Mitsui Banking Corporation (SMBC) have signed a $109.7 million loan agreement with Angola's...

Four banks - City Bank, Mutual Trust Bank, Pubali Bank and Southeast Bank - are going to sign separate agreements with Asian Development Bank (ADB) to join its Trade...

The Bank of China (BoC) and Russia's VTB Bank have signed an agreement to expand their product lines for servicing trade contracts between the two nations. The...

The Export-Import Bank of India (India Exim) is looking to open branch offices in Ivory Coast, Sri Lanka, Nepal and China. It currently has branches in Washington DC,...

As many as 30% of workers in the American banking industry could lose their jobs over the next ten years as a result of the fintech start-up boom. Citigroup said that...

US units of Spanish energy and engineering company Abengoa have filed for bankruptcy protection as negotiations over the restructuring of its $16.5 billion debt load...

Jack Lew, the US Secretary of the Treasury, has given an insight into how sanctions are devised, what risks come with using them, and what their future holds.

The ailing Japanese steel sector — the second largest in the world — has received $405 million in financing, in favour of two overseas subsidiaries, from the Japan Bank...

Blockchain, or distributed ledger technology, is the word on everybody’s lips in financial circles. TXF’s Helen Reid looks in depth at the technology’s applications to...