(AnandTech, Seoul, 6 November 2014) Zalman, a pioneer of low-noise cooling solutions, filed for bankruptcy in Seoul on 3 November 2014. Zalman was acquired in 2011 by robotics manufacturer Moneual, which received about 620 million dollars in loans from several Korean banks and another 275...
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(Cistran Finance, Chicago, 11 June 2014) A list of 23 banks and ECAs that will be financing the construction of SOCAR’s STAR oil refinery in the Aliaga port in Turkey was announced in an official ceremony last week. The list includes the following ECAs: Export Development Canada, JBIC, NEXI,...
more(ECA Watch, Brussels, 18 November 2014) In the week of Nov. 18-21 a secretive body within the OECD discussed the potential revision of the “gentlemen’s agreement” under which they provide billions of...
more(ECA Watch, Brussels, 26 November 2014) A December 3 UN Forum on Business and Human Rights in Geneva will include an event organized by ECA Watch, The Danish Export Credit Agency, Justiça nos Trilhos and GLOBAL CSR on Export Credit Agencies and the UN Guiding Principles on Business and Human...
more(BankTrack, Nijmegen, 29 October 2014) Ninety-two leading banks last year provided at least EUR 66 billion in financing to the coal industry, according to new coal financing data released today in BankTrack's ‘Banking on coal 2014' report. [1] The global campaigning network believes this...
more(Reuters, London, 28 October 2014) - Britain's export credit agency will guarantee a sukuk bond for the first time next year, the finance ministry said on Tuesday, as it seeks to boost London's position as a centre for Islamic finance... UK Export Finance (UKEF) expects to guarantee an Islamic...
more(The Telegraph, London, 25 October 2014) As more British companies begin to look overseas to tap new markets, the pressure is on George Osborne, the Chancellor, who has set a target to double the value of exports to £1 trillion by 2020, to provide greater financial support to businesses selling...
more(Freight News, Piraeus Greece, 24 October 2014) The United States has challenged the Japanese government over moves to ramp up exports of coal-fired power technology and to offer cheap loans to lure buyers, according to a U.S. source with direct knowledge of the matter... Japan’s shipments of...
more18 November 2014
This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing into the fossil fuel sector through their member export credit agencies.
This...
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Activists demand end of massive OECD support for fossil fuels
This week in Paris, a secretive body within the OECD will discuss the potential revision of the “gentlemen’s agreement” (1) under which they provide billions of dollars of public financing...
more(Devex, Washington, 6 October 2014) Congress has voted to reauthorize Ex-Im, the government agency that finances U.S. exports of goods and services — but only through June 30, 2015. The measure passed after it was tucked into a much larger spending bill that also funded the...
more(The Economic Voice, Southampton, 24 October 2014) The Export-Import Bank of the United States (Ex-Im Bank) on Monday approved two authorizations totaling $1 billion in financing to support the export of U.S. goods and services to Petroleos Mexicanos (Pemex), Mexico's national oil-and-gas...
more(Energy Business Review, London, 6 October 2014) The Russian government has approved $10bn credit to Belarus for the construction of a nuclear power plant (NPP) in Belarus... "The Russian side will provide the Belorussian side a state export credit of up to $10 billion to finance the cost of...
more(Korea Times, Seoul, 29 September 2014) The Export-Import Bank of Korea said Sunday that it would take the lead in promoting joint economic projects in the Northeast Asian region... On Sept. 18, export-import banks from Korea, China, Russia and Mongolia signed an agreement in Yanbian, China, to...
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