Episodes
Tuesday Feb 18, 2020
Tuesday Feb 18, 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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As part of its $100 million facility for Lewis Dreyfus Company (LDC), which was closed in January, the EBRD has announced an agreement with LDC to adopt an enhanced climate corporate governance approach
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Oilfield services provider Petrofac Emirates has been awarded two contracts worth a total of about $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates
- Ebru Pakcan has been promoted to global head of trade for Citi’s Trade and Treasury Solutions (TTS)
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Monday Feb 17, 2020
Monday Feb 17, 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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Rio Tinto is embroiled in a legal battle with a former employee who is claiming the miner was aware of problems at the Oyu Tolgoi copper project months before it was disclosed to investors
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The Bollington Wilson Group has bought Harrogate-based insurance broker Prophet Trade Credit for an undisclosed sum
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Several top trading houses have rented millions of barrels of crude storage in South Korea this month to hold excess oil supplies after the coronavirus outbreak dampened demand in China
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Sunday Feb 16, 2020
Sunday Feb 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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UK-based Sirius Minerals said talks with a consortium of financial investors on an alternate debt financing proposal to raise $680 million has fallen through, putting the company at the risk of going under administration or liquidatio
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Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company that will buy all the African nation’s hand-mined cobalt
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Surety and trade finance solutions provider Tinubu Square has secured additional investment of €15 million by New York-based Long Arc Capital and the French investment bank Bpifrance.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Thursday Feb 13, 2020
Thursday Feb 13, 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 Eurasian Development Bank, European Bank for Reconstruction and Development, and Islamic Development Bank have agreed to finance the construction of the $750 million Big Almaty Ring Road in Kazakhstan
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HSBC Holdings is providing more than HKD$30 billion ($3.9 billion) in liquidity relief to its business customers in Hong Kong
- Canada's Barrick Gold posted a better-than-expected quarterly profit and gave investors a welcome 40% dividend increase, thanks to strong gold prices
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Wednesday Feb 12, 2020
Wednesday Feb 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:
- New York-based grain trader Bunge has reported a better-than-expected quarterly profit as it focused on improving segment margins across its businesses
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Deutsche Bank’s Corporate Bank has announced the appointment of Chintan Shah as APAC Head of Cash Management
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German mobile bank N26 is quitting the UK, saying that Brexit means it can no longer operate in the country with its European banking licence
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Tuesday Feb 11, 2020
Tuesday Feb 11, 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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Three of the world’s largest oil traders - Vitol, Royal Dutch Shell, and Litasco - are seeking to store crude on tankers at sea as the industry tries to deal with a glut that’s emerged since the outbreak of the coronavirus in China
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The Black Sea Trade and Development Bank (BSTDB) has provided a $10 million SME loan facility to the Armenian Economy Development Bank (Armeconombank)
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Vicentin, Argentina's top exporter of processed soy, has asked a judge to begin negotiations for debt restructuring as the firm struggles to cope with a widening economic crisis in the country
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Monday Feb 10, 2020
Monday Feb 10, 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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Singapore-headquartered Olam International recorded a net one-time post tax gain of about $72 million arising from exceptional/one-off items in its unaudited financial statements for Q4 2019
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Coface has signed an agreement with the Norwegian ministry of Trade, Industry and Fisheries regarding the acquisition of GIEK Kredittforsikring, which writes and manages the short-term export credit insurance portfolio previously underwritten by the ECA, GIEK
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Russian iron ore and HBI producer Metalloinvest has priced its BO-04 series bonds for a total amount of RUB10 billion through a public offering
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today
Sunday Feb 09, 2020
Sunday Feb 09, 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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Chinese-owned grain trader COFCO International has announced three appointments to its executive committee and named a new country manager for Brazil
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The Russian government is considering spending $1 billion from its sovereign wealth fund on a loan to mining giant Norilsk Nickel for its Arctic Palladium project
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New York-headquartered LiquidX, the global network for illiquid assets, has appointed Alice Hackett as Chief Revenue Officer
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today
Thursday Feb 06, 2020
Thursday Feb 06, 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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Trafigura and Mercuria, and oil services firm GP Global have applied for bunker supplier licences to operate in Singapore,
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Traydstream, which is a fintech platform that uses artificial intelligence to check trade documents, and Hexaware, which is an IT and business process outsourcing company, have signed a partnership agreement to help digitise trade.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
Wednesday Feb 05, 2020
Wednesday Feb 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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Confidence among Canadian exporters fell to its lowest level in almost a decade, according to Export Development Canada’s latest Trade Confidence Index.
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Blockchain group Ripple has entered into a partnership with International Money Express (Intermex) to ensure faster cross-border payments between the US and Mexico
- Guyana, the world’s newest oil exporter, has lost $55 billion from its deal with Exxon that would allow the oil major to develop its offshore oil resources
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today