Episodes
Tuesday May 05, 2020
Tuesday May 05, 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 Export-Import Bank of the United States has raised its Supply Chain Finance Program and Working Capital Guarantee Program guarantee coverage option to 95% from 90%.
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Shell has agreed to sell its Appalachia shale gas position to US energy company National Fuel Gas Company in a $541 million deal
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Financing under the European Bank for Reconstruction and Development's Trade Facilitation Programme topped €500 million in April for the first time in the lender's history
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Monday May 04, 2020
Monday May 04, 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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Chevron has reported earnings of $3.6 billion for the first quarter of 2020, compared with $2.6 billion in the same period last year
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Glencore’s Zambian subsidiary Mopani Copper Mines will resume mining operations for 90 days but still expects to go ahead with its initial plan to place its mining operations on care and maintenance
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Citigroup has named the new leadership team for its corporate banking business in the Asia-Pacific following the promotion of the former regional head of the unit in February
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Thursday Apr 30, 2020
Thursday Apr 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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Global law firm Herbert Smith Freehills has advised the Export-Import Bank of China (Chexim) on its role in financing the Hungarian section of Budapest-Belgrade railway project
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Russian gas group Gazprom reported a fall in 2019 net profit to RUB1.2 trillion ($16.3 billion) from RUB1.46 trillion in 2018 as revenues declined
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Coface has released a report on how the coronavirus pandemic will impact on emerging markets
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Wednesday Apr 29, 2020
Wednesday Apr 29, 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 Arab Petroleum Investments Corporation (APICORP) has launched a $500 million countercyclical support package to help its energy sector members mitigate the impact of COVID-19 and oil price fluctuations
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A $3 billion coal power plant is set to be constructed in Nothern Zimbabwe by Rio Energy, which will partner with China Gezhouba Group Corp in funding and developing the project.
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The Irish Government’s €200 million COVID-19 working capital fund for small businesses has seen a muted level of drawdowns amid concerns that the programme is not fit for purpose
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Tuesday Apr 28, 2020
Tuesday Apr 28, 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's Multiannual Energy Programme (PPE) has been amended to increase the national target for offshore wind capacity to 8.75GW by 2028
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Surecomp has announced the opening of its Application Programming Interfaces architecture to customers in a sandbox testing environment, setting the new open banking standard in the digitization of trade finance processing and connectivity
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Payments and financial messaging solutions provider Volante Technologies has officially joined the US Faster Payments Council
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Monday Apr 27, 2020
Monday Apr 27, 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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Korea Development Bank and the Export-Import Bank of Korea could shell out an additional relief of around KRW800 billion ($652.1 million) to Doosan Heavy Industries & Construction Co. after further investigation on the validity of the heavy equipment maker’s self-rescue plan.
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The European Bank for Reconstruction and Development has appointed Philip ter Woort Director for its eastern Mediterranean region, leading its operations in Jordan, Lebanon and the West Bank and Gaza
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The UK government has reiterated its refusal to extend the transition period for EU trade, saying it does not want to prolong the “period of uncertainty” for businesses
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Thursday Apr 23, 2020
Thursday Apr 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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ABN Amro Bank is the latest lender to make a claim against Singapore oil trading giant Hin Leong Trading
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Russian steel and coal producer Mechel has sold its stake in the Elga coal mine to a local businessman to reduce debt
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The Danish government is launching a sovereign guarantee fund of DKK30 billion ($4.4 billion) to ensure that companies have access to insuring their transactions with credit periods of up to 180 days during the coronavirus pandemic.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Wednesday Apr 22, 2020
Wednesday Apr 22, 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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Tradewind Finance has announced it is offering more flexible financing solutions to address the economic and operational upheaval businesses face during the COVID-19 pandemic.
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Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder Oil Search reported Q1 revenue of $359.4 million - 20% below the $446.7 million in the same period last year;
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Mercuria’s Minerva Bunkering and Trafigura’s TFG Marine have been awarded new bunker supplier licences by Maritime and Port Authority of Singapore, home the world’s top marine refuelling hub
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Tuesday Apr 21, 2020
Tuesday Apr 21, 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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Germany's KfW has released the first edition of its KfW-ifo Credit Constraint Indicator to monitor and assess the supply of credit to SMEs and large-scale enterprises during the coronavirus crisis
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The Export Guarantee Fund of Iran, the state-owned export credit agency, has raised the ceiling of its coverage to help support businesses affected by the COVID-19
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Glencore will reverse its earlier decision to shutter its Zambia subsidiary Mopani Copper Mines (MCM) if it reaches an agreement with the Zambian government
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Monday Apr 20, 2020
Monday Apr 20, 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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Arab Petroleum Investments Corporation (APICORP) has announced that its General Assembly has ratified a landmark increase in callable capital to $8.5 billion, as well as a significant hike in authorized and subscribed capital.
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Electricity Generating Public Company Limited (EGCO) has informed the Thai stock exchange that its Greenwing Energy subsidiary has entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding GmbHThe World Bank has priced an $8 billion five-year global benchmark bond that matures on 22 April, 2025;
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Business Development Canada and Export Development Canada are to make available additional financial capacity to help support the country's oil and gas sector during the COVID-19 pandemic
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.