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 Exim has unveiled new initiatives to inject liquidity into the market in the wake of the coronavirus pandemic, including a bridge financing program; pre-delivery/pre-export; a supply chain financing guarantee program; and a working capital guarantee program 

Just 52% of UK businesses are considering taking advantage of the Coronavirus Business Interruption Loan Scheme, which offers up to £5 milion interest free for the first year.

The global sweep of Covid-19 and the resultant fall in oil prices is likely to delay Australia’s next wave of liquefied natural gas projects, advisory firm Wood Mackenzie said

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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 Japan International Cooperation Agency (JICA) has signed two deals with Cambodia to provide Japanese ODA loans worth up to JPY29.417 billion for two projects

Olam International has sold its remaining 50% stake in its Indonesian sugar joint venture, Far East Agri, for $82.5 million

Maritime analytics group Windward is to provide open access to its data and insights during the coronavirus crisis;  

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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:

Exxon Mobil is likely to delay the greenlighting of its $30 billion liquefied natural gas project in Mozambique as the coronavirus disrupts early works and a depressed gas market makes investors wary, according to sources

US-based A-Mark Precious Metals has executed the renewal of its existing $270 million credit facility, which consists of a $220 million revolving credit facility with a $50 million accordion feature

Traydstream -a fintech platform that uses artificial intelligence to check trade documents - has sealed a commercial agreement with Deloitte, starting in Italy

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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 Exim has announced 142 authorisations, totalling $164 million, for February

NYSE-listed PolyMet Mining Corp, and its subsidiary Poly Met Mining, has entered into a subscription agreement for the issuance of unsecured convertible debentures of up to $30 million with Glencore AG, a subsidiary of Glencore.

Resolute Mining has signed a $300 million revolving credit split into two tranches with tenors of three and four years

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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 Export-Import Bank of the United States (US Exim) is eyeing up the expansion of its reinsurance programme and is looking to the capital markets to shoulder some of the risk

Shandong-based aluminium producer China Hongqiao Group is expected to sell off coal-fired power generation assets for 3 billion yuan ($422 million) as it prepares to move almost one-third of its capacity to hydropower-rich Yunnan province

The Asian Development Bank (ADB) has announced an initial $6.5 billion package to help countries in their response to the coronavirus pandemic.

In today's daily round-up of export, trade and commodity finance news, TXF's Níamh Curran covers the latest stories and trends across the market:

Haneda Mirai – a joint venture between Kajima Corporation and

eight other sponsors – reached financial close on a JPY 65,595,000,000

($609 million) syndicated loan

MUFG sold off its

$85 million loan to Glencore’s Wiggins Island Coal Export Terminal (WICET)

in Australia to a hedge fund on Wednesday at about 52 cents in the dollar

&P Global

Economics has signalled the US is entering recession, and may already be

in one, amid the fallout of coronavirus in a report

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:

ANZ has appointed Dean Spicer as head of sustainable finance New Zealand

ArcelorMittal Nippon Steel India – a joint venture between Japanese steelmaker Nippon Steel and ArcelorMittal – signed a 10-year $5.15 billion JBIC-backed loan to refinance its acquisition of Essar Steel India on 17 March.

As the coronavirus pandemic threatens to plunge the world into recession, new accounting rules pose a significant threat to part of the banking sector by forcing earlier recognition of loan losses.

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:

Canadian miner Iamgold Corp has announced it is taking precautionary measures to close its Toronto office this week to conduct a deep clean and disinfection after one of its employees tested positive for covid-19

Australia-based Downer EDI has suspended the sale of its contract mining and services business due to the “extraordinary market volatility” caused by the coronavirus pandemic

ING has invested €4.5 million ($5.04 million) in London-based Eigen, a Natural Language Processing (NLP) technology company which helps companies extract data from documentation to help boost development across areas of trade finance and wholesale banking

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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:

MIGA, a member of the World Bank Group, has issued US$357 million in guarantees to support the construction, installation and operation of the US$ 1.3 billion Ghorasal Polash Urea Fertilizer plant in Bangladesh

Atlas Renewable Energy has signed a 15-year PPA with UK-based miner Anglo American for its planned 330MW Atlas Casablanca solar PV project in Minas Gerais, Brazil

HSBC has appointed I-Mei Chan to the position of head of portfolio management and distribution, global trade and receivables finance in Asia Pacific.

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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:

Fitch, S&P, and Moody's have all offered warnings that if the current oil slump continues it could cause a wave of sovereign downgrades and heavy multi-notch rating cuts to junk-rated oil and gas firms

The Congo Republic is in negotiation with Glencore and Trafigura to restructure $1.7 billion of debt before a meeting with the International Monetary Fund (IMF) in April

The World Trade Organization (WTO) said on Tuesday it is suspending all meetings until 20 March after a staff member was confirmed to have covid-19.

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