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August
Law firm Watson, Farley and Williams has named its new consultant to the international shipping finance group at its Singapore office.
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Commonwealth Bank of Australia has opened its first branch in India.
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The International Islamic Trade Finance Corporation has announced its trade finance operations during the first half of 2010.
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Banks have signed a trade deal for International Bank of Azerbaijan.
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July
The launch of IADB’s report “India: Latin America’s Next Big Thing?” saw discussion underline the huge potential for more trade between the two, and how India may be a better match for the region than China.
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Rabobank has been mandated by Ocean Partners for a limited recourse pre-payment facility to Mongolian copper miner Erdenet, its third in just over a year.
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India's Exim Bank is rumoured to be negotiating a line of credit with Dhaka for transport and infrastructure projects in Bangladesh.
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The right financial partner can provide a complete trade receivables management solution. By Sanjay Tandon, Managing Director, Asia Head Trade Services Global Transaction Services, Citi
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India Exim Bank is collaborating with India’s Export Credit Guarantee Corporation to structure a new credit product where government or multilateral lines of credit are not available.
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The Asian Development Bank has signed a loan to support clean energy projects in the Greater Mekong sub region and South Asia.
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After originally declining its application US Ex-Im has agreed to review a request by Reliance Power of India asking the bank to guarantee a new coal-fired power plant.
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US Ex-Im has reconsidered the rejection of Reliance Power’s loan application for the Sasan coal power plant project in light of information on additional renewables projects.
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June
Standard Chartered Bank has appointed a new global head of trade asset sales, based in Singapore.
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DBS Bank has made several senior appointments in its global transaction services team.
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Indonesian state-owned national carrier Garuda is negotiating a loan with the Export-Import Bank of the United States (US Ex-Im) to support its purchase of 20 Boeing aircraft.
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Swedish state insurer EKN sees opportunities in Asia as it relaxes restrictions for Indonesia, the Philippines and Vietnam.
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India’s Ministry of Commerce will create a sovereign-backed fund to boost trade and investment for domestic power utilities in South Asia.
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The Japan Bank for International Cooperation has signed a Letter of Intent with Malayan Banking Berhad (Maybank) and its group banks to secure effective financing in the ASEAN region.
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DBS Group plans to add 25-30 people to its Asian transaction services business this year to expand its footprint in the region.
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May
The Asian Development Bank (ADB) has held its 43rd Annual Meeting in Tashkent, Uzbekistan, at which the role of trade, infrastructure development and cooperation in post-crisis Asia were cited as vital to building a more resilient economy.
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IFC will provide a trade finance loan to Nepal Investment Bank through its Global Trade Finance Program to enhance its support for local enterprises and help boost international trade opportunities.
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Standard Chartered Bank, IFC and OFID have teamed up to finance the trade of soft commodities in five African countries and India.
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BNY Mellon has expanded its treasury services team in Mumbai with the creation of a new role to support accelerated business growth in India with a focus on trade finance and cash management.
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The Reserve Bank of India has set interest rates for rupee export credit at or above the base rate.
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April
The Reserve Bank of India is to deregulate interest rates on certain segments of export finance as it moves to implement the base rate system.
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The Asian Development Bank has appointed a new vice president responsible for its private sector and cofinancing operations.
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Brazil, Russia, India and China’s development banks have signed a memorandum of cooperation to enhance trade and economic relations between BRIC countries.
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Commentary from Peter Hall, vice president and chief economist, Export Development Canada (EDC).
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International finance institutions have established a regional recovery fund to invest in midsize companies facing financing difficulties in Central and Eastern Europe, Central Asia, and Turkey.
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Commentary from Peter Hall, vice president and chief economist, Export Development Canada (EDC).
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OPIC is lending its support to Afghanistan’s SMEs through a loan to Afghan Growth Finance, a non-bank financial institution in Afghanistan.
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March
Mizuho and Japan Bank for International Cooperation have cofinanced a water supply and sewerage system operation project in the Maldives.
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The Japan Bank for International Cooperation has signed a loan agreement with ICICI Bank in India to support its trade finance.
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Export-Import Bank of China has signed a loan agreement to construct Mattala Airport and the Colombo-Matara Railway in Sri Lanka.
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DBS has appointed a new group head of global transaction services.
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February
Pakistan’s engineering industry has called for a government backed export credit insurance scheme to cover the sector.
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The International Finance Corporation has recorded an 80% rise in the number of trade finance guarantees approved for Pakistan last year compared to 2008.
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The Reserve Bank of India has lowered the foreign currency export credit rate to aid Indian exports.
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The Export Credit Guarantee Corporation of India is to maintain its credit risk rating for European countries in danger of sovereign defaults.
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The Export-Import Bank of India has signed two separate lines of credit with the government of Mali to finance Indian exporters contributing to energy and agricultural products in Mali.
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Indian export credit agency, India Exim, has extended a line of credit to Mauritania to finance potable water and agricultural development projects.
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Companies based in Hong Kong can now issue renminbi bonds under new guidelines announced by the Hong Kong Monetary Authority.
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IFC intends to dramatically increase its exposure to Pakistan and Afghanistan through the Global Trade Finance Programme and additional investment.
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The International Finance Corporation has announced the target amount it intends to fund infra projects in Pakistan and Afghanistan.
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January
JPMorgan, the Export-Import Bank of the United States and the National Aviation Company of India (Air India) are celebrating the close of a jumbo US EX-Im backed financing to supply Boeing aircraft to Air India.
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Finland’s export credit agency Finnvera is providing a guarantee on a buyer credit for Indian telecom company Idea Cellular Limited.
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The Pakistan government is considering a short-term, low-cost trade liquidity facility for Pakistani traders form US Ex-Im.
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The Asia Development Bank is providing loans in order to support public-private partnership initiatives in India.