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Latest News by Sector

Commodity Finance

  • Stemcor turns to Asia loan market

    30 August 2010

    UK steel trader Stemcor has returned to the syndications market with a $75 million revolving credit facility targeted at Asian lenders.

  • CA-CIB signs Eskom Medupi power deal

    27 August 2010

    Credit Agricole Corporate Investment Bank has signed a bilateral buyer credit for South African power giant Eskom’s Medupi power plant.

Export & Agency Finance

Trade & Supply Chain

Factoring and Forfaiting

  • Bibby expands UK team

    02 September 2010

    UK trade finance provider Bibby Financial Services has appointed a new business development manager for trade and international finance for the South East.

  • Noa Factoring declares insolvency

    31 August 2010

    Noa Factoring has declared bankruptcy prompting German regulator Bafin to close its Frankfurt-based parent Noa Bank.

Latest News by Region

Middle East & North Africa

Sub-Saharan Africa

Europe

Russia/CIS

  • VEB signs Khabarovsk refinery project loan

    03 September 2010

    VEB has signed a project financing, backed by Spanish export credit agency CESCE, to modernise the Khabarovsk Oil Refinery located in the Russian Far East.

South Asia

  • WFW names shipping finance consultant

    27 August 2010

    Law firm Watson, Farley and Williams has named its new consultant to the international shipping finance group at its Singapore office.

SE Asia & Australasia

North Asia & China

Latin America & Caribbean

  • CITIC and CDB sign Argentine subway loan

    02 September 2010

    China’s CITIC Group and China Development Bank have signed a loan to the Ministry of Economy and Public finance of Argentina for subway vehicles and equipment.

North America

Global

Poll

Will Russia’s recent ban on grain exports result in a significant rise in private risk insurance claims from grain traders unable to fulfil their contracts?

Yes – there will be more claims. The government’s actions allow traders, with PRI cover, to make claims through contract frustration.
8%
No - the majority of Russia’s wheat production, some 70%-80%, is used for domestic consumption so the contracts represent only a small portion of the total wheat market, limiting the amount of potential claims.
23%
No - traders had a week’s notice before the ban allowing them to secure alternative supplies to fulfil contracts stated as optional origin.
23%
Maybe - but claims are likely to be limited to traders dealing in soft wheat whose contracts demand they source wheat only from Russia.
46%