TXF: Indepth

TXF: Indepth

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TXF: Indepth episodes

  • Pemex posts $18.3bn loss in 2019; Petronet opens offers for supply contract with Tellurian; EDC ups funding for women in trade initiative
    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:
    Petronet, India’s largest LNG buyer, is soliciting offers for supply under terms similar to a preliminary non-binding agreement it signed with Tellurian last September
    Pemex posted an $18.3 billion net loss for 2019 - almost doubling the previous year’s loss
    Export Development Canada is to increase funds available for its Women in Trade Investments Programme
    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
  • EIB backs Polish wind farm; Azimo taps Ripple for cross-border payments offering; and TerraCom to acquire Universal Coal in full
    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 European Investment Bank has agreed a €60 million loan with Ignitis Group to finance the 94MW Pomerania Wind Farm project in Poland
    Money transfer outfit Azimo is tapping Ripple's On-Demand Liquidity offering for cross-border payments
    Australian coal miner TerraCom has offered to buy the remaining shares of Universal Coal that it does not already own, in a deal that values the company at about A$175 million ($119.68 million).
    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
  • EKN pulls cover for coal deals; coronavirus set to delay $11bn Indonesian nickel projects; Maersk taps $5bn sustainability-linked 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:
    Swedish export credit agency EKN has announced that, as of 31 December 2020, it will no longer issue new guarantees for the financing of exports to coal mining
    The coronavirus outbreak in China will likely delay development of nickel projects in Indonesia worth about $11 billion
    Maersk has raised a new sustainability-linked $5 billion revolving credit facility to refinance an undrawn $5.1 billion facility maturing in 2021
    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
  • IFC increases trade finance limit for Vietnamese banks; Orion Resources and Yamana Gold launch new precious metals company; IDFC's CEO to serve as chairman of Prosper Africa
    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:
    Orion Resource Partners and Yamana Gold have announced the launch of a new precious metals royalty company, with assets in Africa, Australia, North America and South America
    The International Finance Corporation has increased trade finance limits for Vietnamese banks to address, in advance, potential trade finance challenges triggered by the outbreak of the coronavirus
    US International Development Finance Corporation (IDFC)Chief Executive Officer Adam Boehler has been selected to serve as Executive Chairman of Prosper Africa, a government-led initiative which aims to increase two-way trade and investment between the US and Africa.
    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
  • Petrobras reports record 2019 profits; and ACI Worldwide and Anglo American Platinum appoint new CEOs
    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:
    South Africa-headquartered Anglo American Platinum has appointed Natascha Viljoen as CEO, with effect from 16 April,
    Petrobras missed fourth-quarter expectations but posted a record profit for 2019 of BRL40.1 billion ($9.19 billion) as the firm’s strategy of focusing on deepwater production and exiting non-core activities shows signs off paying off
    US-headquartered ACI Worldwide has announced that Odilon Almeida has been appointed President and Chief Executive Officer
    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
  • Petrofac Emirates wins $1.6bn of contracts with ADNOC; EBRD adopts green approach for $100m facility; Citi shuffles trade and treasury team
    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:
    As part of its $100 million facility for Lewis Dreyfus Company (LDC), which was closed in January, the EBRD has announced an agreement with LDC to adopt an enhanced climate corporate governance approach
    Oilfield services provider Petrofac Emirates has been awarded two contracts worth a total of about $1.65 billion with Abu Dhabi National Oil Company (ADNOC) in the United Arab Emirates
    Ebru Pakcan has been promoted to global head of trade for Citi’s Trade and Treasury Solutions (TTS)
    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
  • Traders rent crude storage in Korea amid covid-19 outbreak; Rio Tinto in legal battle over copper mine claims from former employee; Bollington Wilson buys Prophet Trade Credit
    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:
    Rio Tinto is embroiled in a legal battle with a former employee who is claiming the miner was aware of problems at the Oyu Tolgoi copper project months before it was disclosed to investors
    The Bollington Wilson Group has bought Harrogate-based insurance broker Prophet Trade Credit for an undisclosed sum
    Several top trading houses have rented millions of barrels of crude storage in South Korea this month to hold excess oil supplies after the coronavirus outbreak dampened demand 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.
    3 min
  • Sirius Minerals' alternative funding talks with investors fall through; Trafigura to finance Congolese state-run hand-mined cobalt company; Tinubu Square taps Bpifrance/Long Arc for investment
    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:
    UK-based Sirius Minerals said talks with a consortium of financial investors on an alternate debt financing proposal to raise $680 million has fallen through, putting the company at the risk of going under administration or liquidatio
    Trading house Trafigura Group is in talks with the Democratic Republic of Congo about financing a new state-controlled company that will buy all the African nation’s hand-mined cobalt
    Surety and trade finance solutions provider Tinubu Square has secured additional investment of €15 million by New York-based Long Arc Capital and the French investment bank Bpifrance.
    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
  • DFIs back big Almaty ring road; HSBC provides liquidity relief for HK customers; Barrick Gold ups payout amid strong gold prices
    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 Eurasian Development Bank, European Bank for Reconstruction and Development, and Islamic Development Bank have agreed to finance the construction of the $750 million Big Almaty Ring Road in Kazakhstan
    HSBC Holdings is providing more than HKD$30 billion ($3.9 billion) in liquidity relief to its business customers in Hong Kong
    Canada's Barrick Gold posted a better-than-expected quarterly profit and gave investors a welcome 40% dividend increase, thanks to strong gold prices
    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
  • Bunge reports uptick in quarterly profits; Deutsche appoints new APAC head of cash management; and mobile bank N26 is quits UK due to Brexit
    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:
    New York-based grain trader Bunge has reported a better-than-expected quarterly profit as it focused on improving segment margins across its businesses
    Deutsche Bank’s Corporate Bank has announced the appointment of Chintan Shah as APAC Head of Cash Management
    German mobile bank N26 is quitting the UK, saying that Brexit means it can no longer operate in the country with its European banking licence
    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.