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May
INTL FCStone expands trade and export finance group with three additions to INTL Provident Group USA.
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The US Senate has followed the House of Representatives in voting to renew the charter of the Export-Import Bank of the United States.
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The value of US exports hit record levels in March 2012, reaching $186.8 billion.
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US Ex-Im has announced it will be offering greater access to credit risks and financing to business aircraft and helicopter manufacturers.
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The Export-Import Bank of the United States has approved guarantees on a $350 million loan to assist Textron Inc with exports by two of its companies.
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Plunge in crude exports masks a good month for Canadian trade, as surplus widens.
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Scott Shepherd named Foreign Trade Counselor of Luxembourg.
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The US House of Representatives has voted to reauthorise the Export-Import Bank of the United States, raising its lending cap to $140 billion by 2014.
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The US House of Representatives will vote this week on the reauthorisation of the Export-Import Bank of the United States.
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IFC debuts green bond in US market, raising funds for climate-friendly investments in emerging markets.
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RBS Citizens has created a new treasury solutions group within its commercial banking organisation.
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A Skadden Arps lawyer that represented senior lenders on 2011’s largest project financing has been promoted to partner.
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By supporting the new GSIA infrastructure fund, JBIC hopes to expand investment opportunities for Japanese companies and institutional investors.
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April
Oliver O'Connell reports on the availability of credit for US agribusiness as it steps up to export opportunities in emerging markets.
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The Export-Import Bank of the United States has renewed its $100 million Africa insurance initiative with cover policy expansions on the war for three African countries.
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EDC provides natural gas company with $500 million in financing to spur Canadian exports of goods and services.
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Asia Broadcast Satellite (ABS) is seeking US Ex-Im support for its purchase of American-made satellites.
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US Ex-Im approves supply chain financing programme benefiting small business suppliers of Navistar International Corporation.
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Scipion Capital, an African investment specialist, has opened its commodity trade finance fund to the US market, to take further advantage of increased demand resulting from the capital squeeze in the banking sector.
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Chicago Mayor Rahm Emanuel outlined his city's export strategy at the US Ex-Im annual conference.
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HSBC arranges loan to Carnival to purchase Fincantieri ships with funding under Italy’s Export Banca scheme.
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OPIC has selected NICE, a development and investment consultancy firm focussed on the Asia Pacific region, as an originator to support SMEs expanding into emerging markets.
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The Export-Import Bank of China is planning to open its first US office in the state of Maryland.
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US Ex–Im has cleared the first loan guarantee for Avolon, the Irish aircraft lessor.
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Supply chain finance provider PrimeRevenue names Americas region GM.
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Shortly before the annual Ex-Im Bank conference, Fred P Hochberg, Chairman and President of the Export-Import Bank of the United States, sat down with Oliver O’Connell, Editor of Trade Finance Magazine, to talk about the efforts to renew the bank’s charter.
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The inaugural Trade Finance daily newsletter at the US Ex-Im annual conference is now available to download by attendees and Trade Finance magazine subscribers.
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Timing is everything in politics, and the succession process in China heralds an opportunity for the US to make some progress on what has historically been a prickly relationship, especially when it comes to trade.
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Tobacco processor and vendor Alliance One International has doubled the size of its existing trade receivables securitisation programme.
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John Geddie reports on President Bill Clinton’s keynote presentation at the 2012 US Ex-Im Conference.
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Scott Shepherd, President & CEO, Northstar Trade Finance
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Shortly before the annual Ex-Im Bank conference, Fred P Hochberg, Chairman and President of the Export-Import Bank of the United States, sat down with Oliver O’Connell, Editor of Trade Finance Magazine, to talk about the efforts to renew the bank’s charter.
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By Norm Buchbinder, senior vice president and head of Wells Fargo International Risk Mitigation and Export Credit Agency Finance Group
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CIT has appointed Andrew Brandman as chief administrative officer.
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Washington state organisation awarded US Ex-Im City-State Partner of the Year award.
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Wind turbine manufacturer named as Ex-Im Bank Renewable Energy Exporter of the Year.
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Ex-Im financing is sustaining nearly 300 jobs at Kansas-based global engineering, consulting and construction company.
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John Kvasnosky, Boeing Capital Corporation
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Winning bank’s US Ex-Im activity totals $1.1 billion on combined basis in 2011.
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Minnesota company helps small business exporters.
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Growing export sales helps California company add more than 70 Jobs
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Award-winning trade finance transactions from the Americas region, signed in calendar year 2011 – as selected by the Trade Finance Magazine editorial team.
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The global financial crisis and its repercussions continue to be felt in most parts of the world, the US continues to wrestle with deficit and unemployment issues, and the eurozone battles sovereign crises that threaten the fabric of partnership, and the future of the euro. Alexander Malaket explores the impact of the eurozone crisis on trade finance in the Americas.
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The Japan Bank of International Cooperation has cofinanced Marubeni’s 40% stake in Canada’s Grand Cache Coal Mine.
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US Ex-Im has approved a loan guarantee for an engine maintenance contract with Brazil’s Gol supporting highly-skilled Delta jobs in Atlanta.
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Livingston International has finalised its acquisition of the customs and trade compliance services of JPMorgan Chase.
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The Canadian government may allow Export Development Canada to operate permanently in the domestic space, after it extended its emergency domestic powers for a third consecutive year.
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Wells Fargo and OPIC have entered into a framework agreement in to support financial institutions in emerging markets.
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Export Development Canada has hired a senior regional manager in Russia, and now has four permanent employees in the country.
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March
Republican senators are renewing their efforts for action on the reauthorisation of the Export-Import Bank of the United States.
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The OPIC board has approved additional funds to expand renewable energy and infrastructure lending to India.
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The Canadian government will announce later today that it has extended Export Development Canada’s emergency domestic lending powers for another year.
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USA’s IIG Capital LLC is rebranding its trade finance division as IIG Trade Finance LLC.
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Capital Business Credit hires Steven Fields to lead business development efforts in Midwest.
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Photos from the 14th Annual Structured Trade and Export Finance in the Americas Conference held in Miami.
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A bipartisan bid to reauthorise the Export-Import Bank of the United States has failed in the Senate.
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ING Capital closes pre-delivery payment facility for Israeli airline El Al – with ultimate repayment through a US Ex-Im financing.
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The Overseas Private Investment Corporation (OPIC) has selected Ghana-based Inter-Afrique Capital Limited to serve as an originator to support SMEs expanding in overseas markets.
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Syncada names former RBS banker as new global head of product solutions.
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President Bill Clinton and Chicago Mayor Rahm Emanuel are to address the US Ex-Im Bank's 2012 annual conference.
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Canadian exports cool in January after surge at the end of 2011, as the trade surplus narrows to $2.1 billion.
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An amendment to bipartisan jobs legislation may yet see the Export-Import Bank of the United States (US Ex-Im) reauthorised, but there are hurdles to overcome.
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Citi has been named US General Services Administration’s government-wide solution provider to streamline transportation payments.
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The latest WTO findings on a seven-year dispute between Airbus and Boeing over illegal state aid published today.
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Satellite manufacturer Globalstar has successfully delayed the initial principal repayment on a credit facility backed by French export credit agency Coface.
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US exports hit more than $180 billion in January as the Brookings Institute confirms exports as leading the way to recovery.
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The Export-Import Bank of the United States (US Ex-Im) will establish a full-time presence in Atlanta, Detroit, Minneapolis, and Seattle.
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Canada’s International Datacasting Corporation has come up with a way to monetise a collections insurance product from export credit agency EDC.
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February
Mexico’s Banco Monex has gone live with allTRA, Surecomp’s Java J2EE trade finance bank back-office solution.
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Canada’s export recovery gathers strength as companies increase use of Export Development Canada programmes by 22%.
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US Ex-Im is guaranteeing a Comerica Bank-arranged export loan for the sale of US-manufactured locomotives to Canada, supporting 500 American jobs across six states.
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In partnership with the NYSE Euronext, The Receivables Exchange (TRE) is pioneering a more efficient way of bringing liquidity into the trade finance market. Oliver O’Connell spoke with Andrew Webb, head of corporate finance at The Receivables Exchange, and Paul DeDomenico, head of global corporate receivables programmes at NYSE Euronext.
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OPIC selects Fronteira Global as originator in Enterprise Development Network to help US SMEs expand overseas.
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HSBC’s Global Connections Trade Forecast finds both US and global trade accelerating ahead of expectations.
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Boeing and Citi to offer small businesses quicker access to cash, lower financing costs, and inject liquidity to help suppliers sustain jobs through US Ex-Im programme.
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US Ex-Im has established Global Credit Express – a $100 million revolving credit facility for small business exporters.
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President Obama has announced that US Ex-Im will be able to match the financing terms of foreign export credit agencies in order to keep US exporters competitive.
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President Obama has announced that US Ex-Im will match financing terms made by other countries to help US exporters compete, and launch new lending programmes for SMEs and Boeing suppliers.
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As it creeps closer to its exposure limit, US exporters are rallying support for the Export-Import Bank of the United States to push for reauthorisation by Congress.
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Export Development Canada (EDC) signs agreement with China’s ICBC Leasing at Singapore Air Show.
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Canada’s trade surplus doubled in December as exports surged to a three-year high.
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Export Development Canada and China Development Bank partner to bolster commercial trade.
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Interpreting yesterday’s White House announcement, John Geddie considers whether China is really ready to give up the competitive advantage state subsidies allow, and if any proposed international working party on export credit will involve the OECD?
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President Obama has sent two nominations for the board of OPIC to the Senate for approval.
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EDC and IFC deepen partnership to expand trade, infrastructure and cleantech sectors in emerging markets.
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The advisor on Augusta Resource’s Rosemont Copper project, Endeavour Financial, has reopened discussions with potential lenders after a date for final permit approval is set for June.
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JP Morgan has arranged an export credit loan to finance the Korean Air’s first Boeing 747-8 freighter.
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US exports hit more than $178.8 billion in December 2011.
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The chairman of US Ex-Im is in Vietnam promoting exports of US goods and services for $1.5 billion of infrastructure projects, citing the financing edge US companies have over their Eurozone counterparts.
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Skyworks Capital have structured a six loan package for lessor Atlas Air, funded by Apple Bank and underwritten by US Ex-Im.
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IADB supports efforts to strengthen Asia-Latin America trade and investment ties through the Trans-Pacific Partnership.
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Hogan Lovells announced is expanding its finance practice in New York with the addition of partners Peter Humphreys and Evan Koster.
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OPIC and Afghan Growth Finance (AGF) enter new agreement to expand small business lending in Afghanistan.
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January
Norwegian Air Shuttle has ordered 222 narrow-body aircraft from both Boeing and Airbus.
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US Ex-Im has appoved $6 billion in small business export financing during the first year of the bank's nationwide Global Access outreach initiative.
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JP Morgan has hired a new managing director for its Treasury Services business covering export and supply chain finance across the Americas.
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PrimeRevenue has announced record growth for 2011 and introduced its new OpenSci™ cloud-based supply chain finance interchange.
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BBVA has relocated its transactional trade finance head to New York to maximize its cross border business and Latin American and USA networks.
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US District Judge rejects preliminary injunction to stop a US Ex-Im-supported loan to Air India.
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President Obama is asking Congress for the authority to combine the US government’s six trade and business-related agencies and departments into a one-stop-shop for exporters.
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Livingston International is to acquire the customs and trade compliance services of JPMorgan Chase.
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US Ex-Im has approved direct export financing for the world’s largest IPP to buy Siemens power generation equipment that supports North Carolina jobs.
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HSBC North America has today appointed a new head of commercial banking for the region based in New York.
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Export Development Canada has rejected a claim from Tepper farm after it failed to provide enough evidence for a rotten Russian potato deal.
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US Ex-Im is nearing its exposure limit as its full reauthorisation is switched to a short-term continuation, and the Airlines for America law suit reaches court.
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Société Générale Corporate and Investment Bank (SG CIB) reveals fresh job cuts in France in addition to planned job losses in Asia and the US.
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A loan from Canada’s export credit agency and commercial banks will allow Kinross to acquire the remaining 25% in the Kupol gold and silver mine in Chukotka, Russia.