TXF Podcast

Talking trade and treasury with GE

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:

• SMBC has appointed Caroline Smith as head of power and renewables for the EMEA region

• ECOM Agroindustrial Asia signed a $550 million revolving credit facility (RCF) on April 4 2019

• TXF’s head of trade, treasury, and risk, Katharine Morton, Manu Taneja, director of regional cash & banking, APAC at GE Corporate Treasury in Singapore sees a role for traditional trade finance in Asia, but digitisation will be core to the future – as will the role of treasury itself.

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Market moves and machine learning in trade

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:

• UniCredit has made two promotions in its project and commodity finance teams

• Brazilian state-run oil company Petrobras has reportedly agreed to sell its TAG natural gas pipeline unit to a consortium led by France’s Engie SA for roughly $9 billion

• Payment solutions company Flywire has added machine learning capabilities to its cross-border payment and receivables platform

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

Shuqaiq 3, Solar Reserve fails to secure funds, and West African Resources draws down

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:

• A soft miniperm financing for the Shuqaiq 3 independent water project (IWP) is expected to sign in the coming weeks

• US company SolarReserve's A$650 million ($460 milion) Aurora Solar Energy Project planned for Port Augusta has failed to secure commercial finance

• Goldcorp shareholders approved Newmont Mining Corp's $10 billion takeover offer on Thursday, removing one of the last remaining hurdles to create the world's largest gold producer.

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

Market moves, SERV and blockchain

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:

• Australia's Galaxy Resources has appointed Simon Hay as its new Chief Executive Officer

• Turkish construction company Makyol is sounding out banks and Swiss ECA Serv for around €220 million of debt to finance the construction of its 70MW waste-to-energy (WtE) plant

• Paperless trade group essDOCS has entered into an agreement to integrate its CargoDocs DocEx solution into the blockchain-based Voltron application

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

DFIs - and trade credit insurance, where it's due

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 IFC has invested $288m in Brazil's GNA I thermal power plant

• From the first sustainability-linked loan in Asia to the world’s first digital loan, Olam International's fundraising innovations in the agri-business sector are clear. TXF spoke with Sujay Sarkar, regional CFO for West & Central Africa at Olam, to discuss the commodity trader’s recent activities across Africa – and beyond

• Trade Ledger, an open banking platform for business credit automation, and Nimbla, a trade credit insurance platform, have announced a new partnership to streamline trade finance and insurance processes for banks and lenders

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

Vodafone's SCF fund, Uruguayan PPPs and RAPID

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:

• Vodafone has been using complex financial engineering devised by GAM and Greensill to enable it to profit from and invest in its own SCF offerings and bolster its DPO. The trouble is the system leaves little reason for procurers to pay suppliers on time. TXF’s Ollie Gordon investigates.

• Uruguay’s rail PPP project is progressing

• NEXI is providing insurance for a loan to the Refinery and Petrochemical Integrated Development (RAPID) project in Malaysia

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

JBIC in UAE, mega LNG projects and HSBC's first Voltron deal

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:

• JBIC and NEXI will help finance a gas-fired power plant in UAE

• Gazprom and RusGazDobycha have agreed to implement a RUB700 billion ($10.67 billion) project to construct a LNG and LPG facility near the city of Ust-Luga in Russia's Leningrad Oblast region

• TMS Cardiff Gas, an operator and manager of 16 LNG carriers, has entered into a ten-year time charter contract with Vitol, for one of its X Carrier Series vessels

• HSBC has completed its first live cross-border letter of credit Voltron transaction 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.

COFCO ups Black Sea grain purchases

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:

• Saudi Arabia's Water & Electricity SMLLC (WEC) is inviting expressions of interest for the development of the Yanbu 4 Independent Water Project, near the coastal town of Ar Rayyis

• COFCO International plans to double its grain purchases in the Black Sea region as part of a global expansion into markets beyond China

• CIMB Bank has committed to disburse at least MYR15 billion ($3.68 billion) in the next two years to help finance 100,000 Malaysian small and medium enterprises (SMEs)

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

Amur GPP, LNG oversupply, and Alibaba's cheapest dollar borrowing

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:

• Gazprom Pererabotka Blagoveshchensk – sponsor of the Amur gas processing plant (GPP) project – is expected to mandate European banks at the beginning of April for the heavily ECA-backed project financing.

• Vitol Group’s head of liquefied natural gas trading has said that the outlook was bleak for LNG in the short term due to an “incredibly” oversupplied market

• China's Alibaba Group Holding may get its cheapest dollar-denominated syndicated loan ever as it negotiates with banks to amend terms of its existing $4 billion borrowing

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

Indonesia's mini IPP renewable project problems

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:

• Indonesia’s state-owned electricity utility PLN has announced plans to terminated around 24 renewable IPP projects around the country if project developers do not reach financial close by June 2019.

• Australia’s OceanaGold has withdrawn from two exploration projects in Argentina in which spent about $4.5 million over the past two years as explorations results have not met the miner's expectations

• The UK economy could grow faster than its German counterpart this year if it can avoid a no-deal Brexit, according to Euler Hermes

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