TXF: 20 Minutes With

HE Dabar seals Chexim deal for Bosnian hydropower plant; Gunvor completes first Samurai loan; FASB proposes enhancing supplier finance programme transparency

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:
 Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources said
India's Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh
The second Intra-African Trade Fair (IATF 2021) generated a record setting $42.1 billion in trade and trade-related investment deals
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Reliance to reevaluate $15bn stake sale in oil-to-chemicals arm to Saudi Aramco; Tata Steel executes blockchain metals trade via Contour; IATF 2021 generates record trade and investment deals

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:
 Reliance Industries and Saudi Aramco have called off a deal for the state oil giant to buy a stake in the oil-to-chemicals business of the Indian conglomerate due to valuation concerns, sources said
India's Tata Steel has executed a blockchain enabled paperless export order with a metals major in Bangladesh
The second Intra-African Trade Fair (IATF 2021) generated a record setting $42.1 billion in trade and trade-related investment deals
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Pakistan seeks clearance for $13bn Sinosure cover for projects; Vale signs forest recovery partnership with BNDES; Development Bank Ghana receives AfDB grant

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:
Pakistan has sought the Chinese government's intervention to persuade China Export and Credit Insurance Corporation (Sinosure) to clear about $13bn of cover to energy and infrastructure projects.
Brazilian miner Vale - through Fundo Vale - has joined the Living Forest Initiative, a project unveiled by development bank BNDES at COP26 in Glasgow
The African Development Bank has approved a grant of $40 million from the African Development Fund to Ghana to further capitalise The Development Bank Ghana (DBG), a newly established development finance institution.
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

British Airways agrees to £1bn credit facility from UKEF; JBIC to end financing new coal power by end-2021; Etihad Credit Insurance in pact with FAB to boost funding UAE exporters

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:
British Airways has agreed to a five-year committed credit facility worth £1 billion with UK Export Finance and a syndicate of banks
The Japan Bank for International Cooperation has announced that it will stop financing new unabated coal power projects by the end of this year to to align with an agreement made by the Group of Seven nations earlier this year.  
Etihad Credit Insurance, the UAE’s federal export credit agency, has signed an agreement with First Abu Dhabi Bank and Crediti Fintech to help boost funding for UAE exporters. 
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

G7 countries reach breakthrough on digital trade and data; Trafigura closes $2.4bn-equivalent RCF, term loan facilities; Finacity, DZ Bank launch receivables securitization for Nitron

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:
Trafigura Group Pte has closed its new Syndicated Revolving Credit Facility and Term Loan Facilities at $2.4 billion-equivalent
The G7 nations have agreed on principles to govern cross-border data use and digital trade
Finacity and DZ Bank have launched a $150 million trade receivables securitization for Connecticut-based Nitron Group
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Biden nominates Parisa Salehi for US Exim Inspector General role; Asia LNG spot price surges by 40% to record high; Zurich exits CPRI market

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:
US President Joe Biden has nominated Parisa Salehi for Inspector General of the Export-Import Bank of the United States
Asia liquefied natural gas spot prices surged by 40% to a record high of over $56 per million British thermal units on Wednesday, amid a global energy crunch, low gas inventories and mounting supply concerns
Zurich has ceased its short-term Credit & Political Risk (CPRI) insurance offering with immediate effect, according to sources
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Glencore taps Morgan Stanley trader to start European power desk; XinFin and Tradeteq launch first trade finance-based NFT transaction; ArcelorMittal and EIB sign €280m research and innovation loan

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:
Trafigura and PetroChina placed the lowest offers in the Pakistan LNG tender
Argentine potash mine PRC is opening a tender for investment banks to help find a partner to restart operations, a decade after Brazil's Vale shelved the project when prices crashed for the crop nutrient and the firm clashed with the country's government over tax breaks.
Trade credit insurer Euler Hermes has announced two changes in its Regional Management teams
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Trafigura, PetroChina place lowest offers in Pakistan LNG tender; PRC to open tender for investment bank as it seeks restart; Euler Hermes unveils regional management changes

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:
Trafigura and PetroChina placed the lowest offers in the Pakistan LNG tender
Argentine potash mine PRC is opening a tender for investment banks to help find a partner to restart operations, a decade after Brazil's Vale shelved the project when prices crashed for the crop nutrient and the firm clashed with the country's government over tax breaks.
Trade credit insurer Euler Hermes has announced two changes in its Regional Management teams
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.