TXF: Indepth

TXF: Indepth

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TXF: Indepth episodes

  • Haneda Mirai reaches FC; MUFG sells $85 million loan to Glencore’s Wiggins Island Coal Export Terminal; and S&P Global Economics signals US recession
    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
    3 min
  • ANZ appoints new head of sustainable finance New Zealand; ArcelorMittal Nippon Steel India signs $5.5bn JBIC-backed refi; and new accounting rules pose threat to banks
    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.
    4 min
  • Downer EDI puts contract mining sale on hold; ING invests in NLP technology, Eigen; and Iamgold/Glencore close offices after employees emerge with covid-19
    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
    Like what you hear? Hit subscribe to stay up
    3 min
  • MIGA backs Bangladeshi fertiliser plant; HSBC appoints new global trade and receivables finance head in Asia Pacific; Atlas Renewable Energy signs PPA with Anglo American for Brazil solar scheme
    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.
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    4 min
  • Credit rating agencies warn of sovereign downgrades amid oil price slump; Congo in talks to restructure trader debt; WTO cancels meeting after coronavirus scare
    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.
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    4 min
  • Aon agrees to buy Willis Towers in $30bn deal; Glencore joins GBA; and Senegal to sign DFI debt for waste project
    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:
    Senegal is expected to sign a DFI-backed loan to finance the $295 million Senegal Municipal Solid Waste Management (SWM) project,
    Glencore has become a member of the Global Battery Alliance (GBA),
    Aon has agreed to buy Willis Towers Watson (WTW) in an all-stock deal worth about $30 billion.
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    3 min
  • IFC backs Ivory Coast gas-fired project financing; FinCompare ups series A funding; and Trafigura and Vitol seal debut LNG derivative contract in Singapore
    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 International Finance Corporation has arranged a €303 million financing package for a new €404 million gas-fired power project in Cote d’Ivoire
    Berlin-based SME financing specialist FinCompare has topped up its Series A funding round with an additional €12 million from, among others, ING Ventures.
    Swiss LNG trading houses Trafigura and Vitol have concluded the first trade for an LNG derivative contract during the Platts JKM Market on Close assessment process in Singapore.
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    3 min
  • Euler Hermes appoints new head of risk underwriting; China nears approval for SOEs to back Guinean iron ore mine; and oil traders hit hard on spreads amid demand collapse
    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:
    After strong profits in 2019, oil traders have been hit hard early in 2020 - losing tens of millions of dollars on bets on gasoil price spreads due to an unexpected collapse in demand in Januar
    Euler Hermes has appointed Loeiz Limon-Duparcmeur, currently Group Head of Risk Underwriting, as Group Chief Financial Officer and Member of Board of Management
    China is close to giving the go-ahead for some of its biggest state-owned companies to develop the giant Simandou iron ore mine in Guinea, potentially paving the way for the project to be built after years of legal wrangling
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    4 min
  • ICC launches DSI initiative to standardise digital trade; Sirius Minerals to be sold for £405m amid small investor rebellion, and illicit trade misinvoicing to blame for $8.8trn trade gap
    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 International Chamber of Commerce has launched the Digital Trade Standards Initiative (DSI) – a cross-industry effort to enable the standardisation of digital trade
    Sirius Minerals, the company building a £4 billion mine under the North York Moors, is to be sold for £405 million after a rebellion by irate small investors against the cut-price deal failed
    Illicit trade misinvoicing is to blame for creating a value gap of $8.8 trillion in trade between 135 developing and 36 advanced economies from 2008 to 2017, according to research by Global Financial Integrity
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    4 min
  • UKEF covers Egyptian treatment plant and DBS seals debutstrade finance deal on CamelONE platform
    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:
    Welsh water company Hydro Industries has secured a UK Export Finance-backed $200 million (£155.4 million) contract to build a treatment plant near an Egyptian tourist resort.
    Singapore-headquartered DBS Bank has completed the first trade financing settlement through CamelONE’s Trade Finance portal – with another two transactions slated to close this week.
    Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.
    3 min

About TXF: Indepth

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Leading lenders, exporters, borrowers, ECAs, and experts provide in-depth analysis of major transactions and the latest trends and challenges shaping export, agency, and commodity finance.