(Macauhub, Macau, 29 September 2016) Canada’s export credit agency will finance the purchase by Angola of 100 locomotives from US group General Electric, according to an authorization granted by presidential order. The order authorizes the state to borrow US$429.5 million from the Canadian...
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(The Telegraph, London, 17 September 2016) Canada is setting up an export agency office in the UK in an attempt to boost trade links with one of its biggest trading partners after the EU referendum. In the latest indication of the desire of non-EU countries to do more business with the UK,...
more(Compressor Tech News, Waukesha, WI, 26 August 2016) GE has started constructing its multimodal manufacturing facility in Welland, Ontario, Canada. The facility, a US$165 million investment in its first phase, will manufacture GE Power’s reciprocating gas engines, as well as components for...
more(Above Ground, Ottawa, 11 January 2016) Thomas L. Friedman's "The World Is Flat: A Brief History of the Twenty-First Century" suggests that a level playing field has emerged in the world of global commerce, affording competitors equal opportunity. But this analysis ignores government intrusion...
more(Bloomberg, Ottawa, 4 November 2015) Tata Group, the Indian owner of assets including Jaguar Land Rover and the Tetley Tea brand, will receive as much as $500 million a year in financing from Canada’s government-owned export development bank. EDC will underwrite loans to the Tata Sons...
more(Creamer Media, Johannesburg, 29 October 2015) Canada’s official trade finance agency, Export Development Canada (EDC), has formally established permanent offices in Johannesburg, from where it aims to facilitate $10-billion-worth of business between sub-Saharan African and Canadian companies...
more(Global Capital, London, September 2015) The stated aim of the China-backed Asian Infrastructure Investment Bank (AIIB), officially launched in June 2015, is to respond to a need for massive spending across Asia. But its creation has caused political controversy, with supporters arguing it...
more(Globe & Mail, Toronto, 28 September 2015) General Electric Co. is planning to build a state-of the art $265-million (U.S.) engine plant in Canada, as it shifts more business out of the United States following the collapse of U.S. government-sponsored export financing. GE said Monday it...
more(Financial Post, Johannesburg, 2 March 2015) Export Development Canada is providing South Africa’s national rail operator with a US$450-million loan to finance a major purchase of rail equipment from Quebec-based Bombardier. The rail operator, Transnet SOC Ltd., recently awarded a US$1.2-...
more(ECA Watch, Brussels, 18 February 2015) ECA Watch members Halifax Initiative, Both Ends and CounterCurrent, together with Brazilian organisation Forum Suape and Colombian organisation Movimiento Rios Vivos, published a new report entitled Export Credt and Human Rights:...
ECA Watch members Halifax Initiative, Both Ends and CounterCurrent, together with Brazilian organisation Forum Suape and Colombian organisation Movimiento Rios Vivos, published a new report entitled Export Credt and Human Rights: Failure to Protect. The report calls on states to...
more(Mondaq, Washington, 9 January 2015) Satellite industry becomes fastest growing of U.S. Ex-Im Bank’s credit sectors, with growth from $50m to $1b in loans per year since 2010; Export Credit Agency of Russia announces plans to actively support ILS ; and Export Development Canada provides €123m...
more(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(Bloomberg, Istanbul, 22 April 2014) Azerbaijan’s state oil company, Socar, is in the final stages of negotiations for a $3.5 billion loan to help build a refinery in Turkey, said Kenan Yavuz, chief executive for the company’s Turkish unit... Most of the $3.5 billion package, arranged by the...
more(Marketwired, Ottawa, 26 March 2014) - Export Development Canada (EDC) today announced that it has provided a USD 10 M line of credit to Turkish leasing company Ak Finansal Kiralama (AkLease), which will be used to provide financing to Turkish companies leasing equipment from Canadian...
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