TXF: 20 Minutes With

US Ex-Im reforms and renews PEFCO partnership; BCS Global Markets joins $800m SUEK PXF; Surecomp says solutions are ready for LIBOR transition

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:
The Export-Import Bank of the United States has voted to renew its partnership with the Private Export Funding Corporation (PEFCO) for 25 years
Russian coal company SUEK's pre-export finance facility of up to $800 million has been joined by BCS Primebrokerage Limited, a London brokerage service provider of BCS Global Markets.
Treasury group Surecomp says its solutions are fully enabled with alternative reference rate calculations to help customers in their transition away from using LIBOR-based instruments.
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Four banks sign $450m loan for Lima airport development; Mercuria signs JPY55.5bn facility; UK and Japan agree free trade agreement;

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:
Lima Airport Partners has signed a $450 million financing agreement for its airside development program at Jorge Chávez International Airport in Lima, Peru.
Mercuria Energy Group has signed a new JPY55.5 billion, three-year samurai term loan facility
The UK has secured a free trade agreement with Japan, which is the UK’s first major trade deal as an independent trading nation and will increase trade with Japan by an estimated £15.2 billion
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World Bank hires new Country Director for Kenya, Rwanda, Somalia, Uganda; Mining deal value falls by over $18bn amid Covid-19 crisis; ICC announces executive hire to lead Digital Standards Initiative;

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:
The World Bank has appointed Keith Hansen as the new Country Director for Kenya, Rwanda, Somalia
Global mining deal value fell to $46.6 billion in the first half of 2020 - a drop of over $18 billion from the same period last year as the coronavirus crisis hit, according to new reseach by GlobalData
The International Chamber of Commerce has launched ICC Digital Standards Initiative, which will work towards establishing a globally harmonised, digitised trade environment
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Evolving challenges keep Jim Cruse at US Ex-Im for 50 years and counting; Sucafina expands in North America with new hires; RTGS Global unveils cross-border payments collaboration with Microsoft

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:
Evolving challenges keep Jim Cruse at US Ex-Im for 50 years and counting
Sucafina expands in North America with new hires
Cross-border liquidity network RTGS Global has launched stage one of its operational rollout
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Portbase and TradeLens complete first phase of connection; Atradius warns of 26% rise in insolvencies amid Covid-19 crisis; Gunvor Singapore offers lowest bid in Pakistan LNG import tender

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:
Atradius anticipates a 26% increase in global corporate insolvencies, largely in the second half of 2020 - an increase mainly driven by the impact the COVID-19 pandemic is having on global economies
Gunvor Singapore has offered the lowest price for a liquefied natural gas import tender by Pakistan LNG
Rotterdam-based Portbase has completed the first phase of connecting with TradeLens, a blockchain platform for trade digitization
 
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EBRD considers loan to ACWA for Egyptian solar project; Whiting Petroleum emerges from bankruptcy, appoints new CFO; VoPay partners with Currencycloud for cross-border B2B payments

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:
EBRD is considering an application from ACWA Power for a senior debt financing of up to $40 million for the construction of a 200MW solar park in Kom Ombo, Egypt
US oil and gas company Whiting Petroleum has emerged from Chapter 11 bankruptcy and completed its financial restructuring, shrinking its funded debt by about $3 billion
Canada-based payment technology company VoPay and Currencycloud have announced a partnership to deliver a real-time cross-border B2B payments solution
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

AIIB appoints new chief economist; Buffett takes stakes in Japanese trading firms; and Tysers Insurance boosts team

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:
The Asian Infrastructure Investment Bank has appointed Erik Berglof as its first Chief Economist
Berkshire Hathaway has bought a 5% stake in each of Japan’s five biggest trading houses, together worth over $6 billion, marking a departure for chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate
London-headquartered Tysers Insurance Brokers has appointed John Lentaigne as its new Global Head of Political Risk Trade
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Minas Gerais asks court to block Vale assets worth $4.7bn; Almonty close to sealing KfW IPEX financing for Sangdong project; IFC appoints Ary Naïm as Regional Manager for Central and Southeast Europe

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:
Toronto-headquartered Almonty Industries says it has finalised the completion agreement with Germany's KfW IPEX-Bank over its $75 million project financing for its Sangdong Mine, in South Korea
Brazil’s Minas Gerais state authorities and federal prosecutors have asked a judge to order Vale to pay for economic losses and other damages stemming from last year’s deadly Brumadinho tailings dam disaste
The International Finance Corporation has appointed Ary Naïm as its Regional Manager for Central and Southeast Europe
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.