TXF: 20 Minutes With

US banks quit Equator Principles; Siemens secures €4 billion credit line; Gunvor agrees to $660mn bribery fine

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Four US banks have decided to quit the Equator Principles, an industry benchmark measuring the environmental impact of project finance
Siemens Energy has agreed a €4 billion credit as part of its efforts to secure the future of its embattled wind turbine unit, Siemens Gamesa
Gunvor has pleaded guilty to charges of bribery in the US after a long-running probe into its activities in Ecuador
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Ex-Vitol trader found guilty of corruption; Serbia in talks with UKEF for energy projects; Australia publishes defence exports strategy

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
A former Vitol oil trader has been found guilty of corruption by a New York court as part of a US Justice Department probe
Serbia is in talks with UKEF for support as it considers plans to invest heavily in its energy sector
Australia has published a new defence exports strategy in a bid to increase its share of the international military industry
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Eutelsat seeks ECA support for satellites; Sumitomo Heavy Industries to leave shipbuilding behind; Polymetal secures sale of Russian assets

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Eutelsat is in discussions with ECAs in India, France and the UK over support for its second generation OneWeb satellites
Sumitomo Heavy Industries is set to depart the shipbuilding business after more than 125 years of activity
Polymetal has agreed a $3.69 billion deal to sell its Russian assets to a Siberian gold miner
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

ACC secures €4.4 billion ECA-backed gigafactory deal; Norsk Hydro signs $1bn RCF; Macquarie commodities chief departs

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
Automotive Cells Company has secured a €4.4 billion ECA-backed deal to finance three new gigafactory facilities in Germany, Italy and France
The Norwegian metals and renewables firm Norsk Hydro has signed a $1 billion multi-currency RCF
Nick O'Kane, Macquarie Group's head of commodities and global markets, has departed after 28 years at the firm
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

US Exim set to approve controversial Bahrain oil financing; Zambia to trade its own copper; Bunge announces record Q4 profits

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
US Exim is set to approve a financing package of more than $100 million for new oil wells in Bahrain
Zambia has announced plans to trade its own copper in an effort to secure greater value from its mineral wealth
Bunge has announced record fourth quarter profits but has also warned that margins will tighten over 2024
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Market Movers - February 2024

The biggest market movers and new appointments in export finance, project finance, commodity finance and trade finance with TXF reporter Ralph Ivey.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Korea to amend Kexim Act; Kexim and K-Sure support Olefins expansion; sanctions and sluggish prices hit metals markets

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
The Korean government will look to pass amendments that will expand Kexim's lending capacity in an extraordinary National Assembly session this month
Kexim and K-Sure have agreed to provide $400 million each towards the expansion of Hyundai Engineering's Olefins petchem plant
IXM has announced that it will step back from the aluminium trade in the wake of sanctions on Russian metal and sluggish demand
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

H2 Green Steel signs debt financing agreements; ADM launches internal investigation; Korea considers major Kexim investment

In today's daily round-up of export, trade and commodity finance news, TXF's Ralph Ivey covers the latest stories and trends across the market:
H2 Green Steel has signed a €4.2 billion project financing deal for the world's first large scale green steel plant in Sweden
Archer Daniels Midland has placed its CFO on leave pending an investigation into irregular accounting practices in its nutrition segment
The Korean government is considering an $11 billion investment into Kexim to boost its capacity and propel defence exports
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.