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06 May 2016

S.Korea to set measures on restructuring by end of June

South Korea's government and central bank agreed this week to devise detailed plans on how to finance structural reform in the country's shipbuilding and...

06 May 2016

Glencore slows copper, zinc production to counter glut

Glencore announced on Wednesday it had cut its copper and zinc production in the first quarter of 2016 as it struggles to reduce its surplus that has caused prices to...

06 May 2016

Regulator to recapitalize Eximbank by giving stakes in state-run companies

The Financial Services Commission (FSC) has said it will recapitalise the Export-Import Bank of Korea (Eximbank) by giving the lender stakes in state-run companies....

06 May 2016

ICC welcomes new WTO report on trade finance and SMEs

The International Chamber of Commerce has warmed to a new World Trade Organisation (WTO) report which identifies a the trade finance gap for small-and medium-sized...

06 May 2016

African DFIs urged to partner for solutions to intra-African trade finance

The first ever Intra-African Trade Finance and Payment Systems Conference held in Abidjan has urged African development finance insitutions to forge partnerships in a...

05 May 2016

In conversation: Sace’s Michal Ron

TXF’s Dominik Kloiber caught up with Sace’s head of international business, Michal Ron, to discuss the Italian ECA’s latest push to expand its footprint and product...

05 May 2016

LatAm and Caribbean project finance loans plummet

Project finance loans in Latin America and the Caribbean dropped to $2.37 billion for 13 projects in the first quarter of 2016, compared to $3.97 billion for 39...

05 May 2016

China turns on credit taps to Exim and CDB

The People's Bank of China is turning on the credit taps to the China Development Bank (CBD), Agricultural Development Bank of China, and the Export-Import Bank of...

05 May 2016

Uralkali signs $1.2bn pre-export loan

Russian potash producer Uralkali has completed a $1.2 billion pre-export financing with more than a dozen international banks, bucking the trend for Russian commodity...

05 May 2016

IE Singapore boosts structured commodity financing scheme

Trade promotion agency International Enterprise (IE) Singapore has enhanced its structured commodity financing scheme to include streaming financing, merger and...

05 May 2016

Puma Energy posts record profit, seals RCF

Singapore-based oil and gas group Puma Energy, a subsidiary of Trafigura, saw first-quarter gross profits rise 23% to a record $428 million. Puma also closed new...

05 May 2016

Abbey Sturrock joins insurer Marsh

Abbey Sturrock has joined insurer Marsh's political risk and structured credit practice as a senior vice president. Based in London, she will be responsible for...

05 May 2016

WTO: We must close the SME trade finance gap

The World Trade Organisation (WTO) says more needs to be done to help close the gaps in the availability of trade finance for small and medium-sized enterprises...

05 May 2016

Islamic Development Bank returns to sukuk market

The Islamic Development Bank, which is expanding its financing activities, will sell sukuk bonds in the Malaysian market this year after a three-year hiatus.

05 May 2016

CAF issues $1.25bn bond

The Development Bank of Latin America (CAF) has issued a $1.25 billion bond - its largest this year. The three-year bond, which has a 2% interest rate, will finance...

05 May 2016

KfW agrees record Bangladesh power finance

KfW, the German development bank, has signed a €137.5 million loan agreement to finance power grid improvements in Bangladesh. It is the highest KfW low-interest...

05 May 2016

CBD and China Exim agree loan for Russian LNG project

The China Development Bank (CBD) and Export-Import Bank of China (China Exim) have signed loan agreements worth more than $12 billion with Russia's $27 billion...

04 May 2016

Sace takes the lead in Iran

In late April, only four months after the trade embargo on Iran was lifted, Italy's Sace took the lead in the ECA space, guaranteeing €4 billion in credit lines to...

04 May 2016

Last call for Commodities Best in Class votes

It's the last chance to vote for the TXF Commodity Finance Awards: Best in Class 2016, with the deadline expiring at midnight tonight (Thursday 5 May). The TXF...

04 May 2016

BEST SOFT COMMODITY FINANCE DEAL OF THE YEAR: Cocoa Touton $80m prepayment provides new dimension

The $80 million prepayment to Cocoa Touton Processing is a landmark financing for West Africa, bringing added-value processing on a major scale to Ghana. Jonathan Bell...