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18 November 2015

UK part of Petrobras' $1.84bn export financing deals

Brazilian state-run oil company Petrobras has secured export financing deals with creditors in Britain, Italy, Japan and Austria worth $1.84 billion. The credit will...

18 November 2015

Borrowing base of gas and oil group Legacy is cut

USA-based oil and gas group Legacy Reserves has had the borrowing base under its $1.5 billion secured revolving credit facility cut to $900 million from $950...

18 November 2015

Banks face capital hit as Basel overhauls trading rules

Banks are braced for higher capital requirements amid an overhaul of market-risk rules by the Basel Committee on Banking Supervision. The new rules, which will be...

18 November 2015

KEXIM finances Myanmar infrastructure projects

The Export-Import Bank of Korea (Kexim) is extending $183 million in loans to a Myanmar infrastructure modernisation project in a bid to boost business opportunities...

17 November 2015

TXF announces new Perfect 10 award category

For the 2015 edition of the Perfect 10 Awards, TXF has decided to introduce a brand new accolade: Most Sustainable Deal of the Year.

17 November 2015

Trade needs trade finance to grow

Flat trade growth presents a threat to the global economy, says Equant Analytics' Rebecca Harding. This presentation to the TXF Trade and Treasury conference in...

17 November 2015

IFG and FCI form union for receivables finance and factoring

Belgium-based International Factors Group and the Netherlands-based Factors Chain International have agreed to join forces in a union. The association, which will...

17 November 2015

Trafigura reveals $4.3bn oil payments to governments

Trafigura Pte, the Singapore arm of commodity trader Trafigura, paid $4.3 billion in oil-related payments to state entities in 2013. The deals in Colombia, Ghana,...

17 November 2015

JBIC: Russia included in $110bn Asia investment

Export credit agency, the Japan Bank for International Cooperation (JBIC), will include eastern Russia in Japan's plans to fund infrastructure projects in Asia....

17 November 2015

Gas and oil group Lightstream sees borrowing base cut

Lightstream Resources, a Canadian oil and gas group, has had the borrowing base under its credit facility reduced to $550 million from $750 million. The credit...

17 November 2015

Societe Generale boosts Hong Kong export finance team

Societe Generale Corporate & Investment Banking has appointed Sylvie Leclercq as managing director, head of export finance for Hong Kong. She will work closely...

17 November 2015

BNDES has limit on lending programme cut

The limit of lending by Brazil's state-run development bank BNDES has been cut by the country's national monetary council. The limit of its subsidised lending...

17 November 2015

Oil and gas group Ikkuma sees borrowing base drop

Canadian oil and gas company Ikkuma Resources has had the borrowing base under its syndicated credit facilities reduced to $65 million from $75 million. Ikkuma's...

17 November 2015

Indonesia to swap US dollar for yuan in trade with China

Indonesia will next year ditch the US dollar in favour of the yuan in its trade with China. It is hoped the move will help save foreign exchange reserves and reduce...

17 November 2015

Olam and Mitsubishi Corp team up to boost Japan commodity sales

Singapore-headquartered agricultural trader Olam International will form a joint venture in Japan with its strategic partner Mitsubishi Corp to increase local...

17 November 2015

Asia's big three commodity traders in profits slump

Profits and revenues at Asia's big three commodity traders - Noble Group, Olam International and Wilmar International - were hit in the third quarter by a drop in...

16 November 2015

Rabobank and Atradius DSB combine for wind farm project financing in Finland

Rabobank and export credit insurer Atradius Dutch State Business (Atradius DSB) have combined to help arrange project financing for two onshore wind farms in Finland....

16 November 2015

Falcon Group makes senior hires to develop its forfaiting operations

Specialist financier Falcon Group has appointed three senior originators to develop its forfaiting capabilities. The new hires, Ray Webb, Martin Betts and Keith...

13 November 2015

Vitol Dubai buys stake in Pakistan fuel group Hascol

Energy trader Vitol Dubai has bought a 15% stake in Pakistan-based fuel oil storage and trading company Hascol Petroleum. The deal is believed to include an option for...

13 November 2015

Trade boosted by ICIEC and Russia's EXIAR deal

The Russian Agency for Export Credit and Investment Insurance (EXIAR) and the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) have signed...