TXF: Indepth

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:

China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash

Rio Tinto is facing a new setback at its giant copper project in Mongolia with a large investor demanding a shake-up at the Oyu Tolgoi operation over what it claims is “a massive devaluation” of the asset.

The European Investment Bank has discussed the creation of a €25 billion guarantee fund to enable the EIB Group to scale up its support for companies in all 27 EU member states by up to €200 billion in response to 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:

BP is braced for an £800 million ($1 billion) financial blow in its first-quarter results and plans to slash its spending by a fifth this year to weather “the most brutal” oil market rout in decades.

Dutch development bank FMO has priced a new €500 million seven-year Reg S sustainability bond at MS+31bps - its first public euro transaction since May 2017

Citigroup has appointed Esther Chibesa as Treasury and Trade Solutions Head Sub-Saharan Africa

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

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:

Energy and commodity trader Vitol has acquired 100% of Singapore-based bunkering specialist Sinanju Tankers Holdings

The World Bank has approved $700 million additional financing to help Pakistan generate low-cost, renewable energy to provide affordable electricity supply to millions of users

Standard Chartered has been fined £20.47 million by the UK government’s Office of Financial Sanctions Implementation (OFSI) for breaching restrictions on loans to certain Russian financial institutions.

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

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:

Vikoma, a British pollution control company, has secured UK Export Finance-backed guarantees worth over £300,000 to export equipment that will help contain and clean-up oil spills in marine and industrial centres across the globe

BNDES is working to line up emergency financing for airlines in April and could extend a lifeline to other companies needing both capital and liquidity as they weather the impact of the coronavirus pandemic

Glencore has detailed a number of measures - including refinancing and extending its revolving credit facilities - it has taken amid 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.

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 has closed two major facilities in the syndicated bank loan markets and issued long tenor notes in the US private placement market

Ukrainian power producer DTEK is suspending operations at the Dobropilske and Bilozerske coal mines and Oktyabrska enrichment plant from 1 April because of the coronavirus pandemic.

The European Commission is to temporarily remove all countries from the list of “marketable risk" under the Short-term export-credit insurance Communication until the end of the year

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

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

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

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;  

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

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

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

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

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

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.