TXF Podcast

Cargill unveils 10 new global renewable projects; EBRD and EU to increase finance for SMEs in Western Balkans; Keystone XL pipeline project dealt blow by US Supreme Court

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 EBRD and the European Union are increasing their support for small and medium-sized enterprises in the Western Balkans with the provision of additional financing, following the outbreak of the coronavirus pandemic

• The Keystone XL pipeline in Canada — which the Alberta government has backed as a crucial project to help get oilsands' crude to Gulf Coast refineries — has been handed another setback by the US Supreme Court, which supported a ruling that blocked a key environmental permit. 

• Castleton Commodities International has closed a $2.4 billion committed borrowing base facility

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Turk Eximbank provides $79m reinsurance to UKEF; Eni to book $4bn asset writedown after cutting price outlook; World Bank approves $157m to protect Malawi’s watersheds

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:

• Turk Eximbank has agreed to provide $79.2 million reinsurance support to UK Export Finance's energy projects in Iraq - the first such financing support by Turkey's ECA to a foreign counterpart

• Italian energy group Eni said it would write off around €3.5 billion ($4 billion) from the value of its assets after revising down its long-term outlook for oil and gas prices due to economic fallout from the COVID-19 crisis

• World Bank approves $157m to protect Malawi’s watersheds

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Coal India and NLC Indian plan 5GW of solar and thermal capacity; Tradeshift launches new partner programme; Nevada Copper appoints Andre van Niekerk as CFO

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:

• Indian state-run companies Coal India (CIL) and NLC India are to partner on developing 5GW of solar and thermal power assets across the country

• Nevada Copper has appointed Andre van Niekerk as Chief Financial Officer, effective 13 July, 2020

• Supply chain marketplace platform Tradeshift has unveiled a new partner program with tools, support and collaboration opportunities;

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Dentons adds Baker McKenzie team to Energy & Infra group in Berlin; EIB Group, Santander boost Polish SMEs amid Covid-19 outbreak; ADB becomes observer for NGFS

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 Development Bank has joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer

• Global law firm Dentons has added a team of four transactional and regulatory lawyers from Baker McKenzie to its Energy and Infrastructure group in Berlin

• The European Investment Bank Group has signed the third synthetic securitisation transaction with the Santander Bank Polska Group

• Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

CDC Group to ditch fossil fuel financing; Singapore banks in talks to tighten lending practices for troubled commodity sector; and EIB and EBRD boost financing to Romanian farmers

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:

• CDC Group, the UK’s development finance institution, has vowed to end fossil fuel financing and support only businesses which align with the Paris Climate Agreement

• Commodity trade financiers in Singapore are teaming up to strengthen lending practices and improve transparency in the sector following a spate of defaults at trading firms, four sources said

• Farmers in Romania are set to benefit from improved access to finance thanks to new funds provided to Agricover Credit IFN by the EBRD and EIB

• Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Sinosure, China to finance Nigeria's AKK pipeline project; World Bank approves $750m Indian MSME package; Greenland gold miner AEX Gold eyes London listing

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 Nigerian National Petroleum Corporation has revealed that China and Sinosure will provide financing for the Ajaokuta-Kaduna-Kano (AKK) gas pipeline

• AEX Gold, a gold exploration and mining company focused on Greenland, is planning an initial public offering in London next month

• The World Bank has approved a $750 million MSME Emergency Response program to support increased flow of finance to micro, small, and medium enterprises in India impacted by the COVID-19 crisis

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Shell warns of $15bn-$22bn writedown as Covid-19 hits oil demand; AfDB approves €30m EU funding for Chad-Cameroon electricity project; EIB provides €20 million facility to digital Forto

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:

• AfDB approves €30m EU funding for Chad-Cameroon electricity project

• Royal Dutch Shell said it will write down between $15 billion and $22 billion in the second quarter as the company gave investors a wider glimpse of just how severely the coronavirus crisis has hit Big Oil

• The European Investment Bank (EIB) will provide financing of €20 million to Forto, a digital freight service and supply chain management provider headquartered in Berlin

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BHP seals first blockchain iron ore trade with China's Baosteel; Indian Railway station development attracts 32 EOIs; Hummingbird Resources to buy Kouroussa Gold Project from Cassidy

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:

• BHP Group has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co using the MineHub platform in a transaction worth around $14 million

• Indian Railway station development attracts 32 EOIs

• Hummingbird Resources has signed a conditional binding sale and purchase agreement for the acquisition of the Kouroussa Gold Project, in Guinea, from Cassidy Gold Corp

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SECI 2GW ISTS solar tender attracts bids for 5.2GW; Vasakronan raises EIB green loan; Louis Dreyfus adds venture capital unit, new innovation head

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:

• Solar Energy Corporation of India’s (SECI) recent 2GW tender of interstate transmission system (ISTS) connected solar projects (Tranche IX) has come in oversubscribed by 3.28GW

• The Asian Development Bank's Trade Finance Program and HDBank from Vietnam have signed a credit agreement to support trade in the country

• Agricultural commodities trader Louis Dreyfus Company has launched a venture capital programme to invest in food and farming firms, while also announcing a change of head for its innovation business. 

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Castleton Commodities International closes $2.4bn borrowing base; EDC agrees $55m loan to food project in Winnipeg; and Contour teams up with essDOCS

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:

• Export Development Canada has agreed $55 million in debt financing towards a project to construct a new Merit Functional Foods plant in Winnipeg

• Contour, the Singapore-based open trade finance network, has announced a partnership with paperless trade group essDOCS

• Castleton Commodities International has closed a $2.4 billion committed borrowing base facility

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.