January 14, 2021
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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The Export-Import Bank of the United States has approved two transactions in the aviation sector, amounting to a total of $125 million in financing
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Metalloinvest has appointed Rinat Ismagilov as Director of the Mining Division, and Alexey Kushnarev as Director of the Steel Division
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Citi has promoted Shahmir Khaliq to head of treasury and trade solutions from his most recent role of running operations and technology for trade and treasury, effective immediately.
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December 16, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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Economic activity in developing Asia is forecast to contract by 0.4% this year, before picking up to 6.8% in 2021 as the region moves toward recovery from the effects of the coronavirus disease, according to research by the Asian Development Bank
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Commodities trader Trafigura has fully bought out the family stake of its late founder Claude Dauphin after record earnings in 2020
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The interconnected supply chains of global trade networks are being exploited to launder the proceeds of crime or finance terrorism, according to research by Financial Action Task Force (FATF) and Egmont Group
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
December 15, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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US Ex-Im has signed a memorandum of understanding with Bank Gospodarstwa Krajowego - Poland’s official export credit provider and official state development bank
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Energy trader Vitol has agreed to buy four combined cycle gas turbines in Britain from Drax Smart Generation, pushing its total CCGT capacity to 3.3GW
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The African Export-Import Bank (Afreximbank) has increased the number of its Trade Finance Intermediaries to more than 65 in 30 African countries during 2020
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
December 8, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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Trade and export specialist Luciano Racco has joined Foley Hoag as counsel and co-chair of its Trade Sanctions & Export Control practice
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Brenda Berlin has resigned as acting CEO of London- and Johannesburg-listed coal development firm MC Mining
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The Bankers Association for Finance and Trade (BAFT) has shared the results of a trade technology survey ranking blockchain trade finance network popularity
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
December 3, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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Orsted has been handed a bill by the Danish Tax Authority for DKK5.1 billion ($825 million) plus DKK1.5 billion of interest for the full future value of the two wind farm
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As European lenders retreat from commodity trade finance, Deutsche Bank is looking to grow its business in the sector, according to Daniel Schmand, the bank's global head of trade finance and lending
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SWIFT has announced the activation of the world’s first live gpi Instant connection
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
November 30, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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Masdar and Tribe Infrastructure Group will establish up a joint venture to pursue energy-from-waste (EfW) projects in Australia
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Russian gas giant Gazprom incurred a loss of RUB251.3 billion ($3.3 billion) in the third quarter, down from a net profit of RUB211.8 billion in the same three months of 2019 due to the weak rouble
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Digital banking firm Emirates National Bank Dubai (Emirates NBD) has rolled out its new businessONLINE platform, a new omnichannel platform for small businesses
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
November 25, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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The African Export-Import Bank and Rwanda have signed a deal on the establishment of the Fund for Export-Development in Africa (FEDA), a development-oriented subsidiary of Afreximbank.
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Mercuria has closed its $1.7 billion one-year senior secured borrowing base revolving credit facility
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The Hartford has appointed David Robinson as head of international financial lines within The Hartford International business
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
November 23, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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Glencore’s major expansion plan for the McArthur River zinc mine has been approved by the state government of Northern Territory in Australia
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The Democratic Republic of the Congo's Entreprise Générale du Cobalt (EGC) has signed an off-take agreement with Trafigura
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AXA XL Insurance has promoted Nicola Harris to Head of Energy, UK & Lloyd’s market
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
November 12, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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France proposes to stop providing state export guarantees to projects involving dirty forms of oil such as shale from next year, followed by all types of oil from 2025 and gas from 2035
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Billionaire Margarita Louis-Dreyfus has agreed to sell a 45% stake in the eponymous agricultural trader to an Abu Dhabi sovereign wealth fund, opening the family business to outside ownership for the first time to secure desperately needed cash for its owner.
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The International Chamber of Commerce's Advisory Group on Trade Finance has called on G20 leaders to leverage trade finance to safeguard SMEs and power global recovery
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
November 9, 2020
In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:
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South African investors have pulled out of a multi-billion dollar coal-fired power plant project in northern Limpopo province, putting its construction at risk as opposition to the use of fossil-fuels in the country grows despite crippling power shortages
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Trafigura Group threatened in 2018 to block Nyrstar from drawing on a key loan facility, according to a letter from advisers to Nyrstar’s board, accelerating a cash crunch that ultimately led to the trading giant’s takeover of the company
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Deutsche Bank has established a supply chain financing solution for BASF China, supporting the company and its suppliers in China with working capital capabilities
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.