(PR Newswire, 12 December 2013, Washington) The board of directors of the Export-Import Bank of the United States (Ex-Im Bank) has adopted revisions to its environmental procedures and guidelines governing high-carbon intensity projects, claiming this aligns the Bank with...
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(International Business Times, 20 December 2013, Washington) Heavy equipment maker Caterpillar Inc., General Electric and Atlas Copco AB, a Swedish industrial holding company, are the latest beneficiaries of credit financing from the U.S. Export-Import Bank. The federal government’s export-...
more(Wall Street Journal, 19 November 2013, Dubai) The $200 billion aircraft order bonanza at the Dubai Airshow has focused attention on the little-known system of government export credit agencies, which are used to help fund planes and other big-ticket equipment such as power generators....
more(Herald Review, 15 November 2013, Decatur) After a year as gloomy as the bottom of a mineshaft, Caterpillar Inc. woke up to a bright ray of sunshine Thursday. The U.S. Export-Import Bank wants to say “yes” to making a $694 million loan that will help support more than 3,000 jobs, including...
more(PRN Newswire, 12 September 2013, Washington) The Office of Inspector General (OIG) for the Export-Import Bank of the United States (Ex-Im Bank) announced today that Teolinda Briseyda Angeles, an owner of an electronics company in Miami, Florida, was sentenced to serve one year and one day in...
more(Heritage Foundation, 3 September 2013, Washington) For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over a proposed $650 million financing deal for...
more(Trade Finance, 27 September 2013, Washington) The Export-Import Bank of the United States (US Ex-Im) and Overseas Private Investment Corporation (OPIC) have published contingency plans in the event that Congress fails to agree to a continuing resolution to fund the US government. For OPIC, “...
more(SpaceNews, 23 September 2013, Paris) Representatives of the U.S. and French export-credit agencies gave no sign of pulling back on their support for their domestic rocket and satellite builders despite ongoing concerns by private-sector bankers that the agencies are funding projects that...
more(Bloomberg, Washington, 23 August 2013) The U.S. Export-Import Bank’s ability to compete with similar lenders from nations including China and Brazil has been hurt by questions stemming from last year’s reauthorization fight, according to the bank’s chairman. Fred Hochberg said reporters have...
more(Business New Europe, Moscow, 17 August 2013) Seated next to Fred Hochberg in Prague is Danny Roderick, president and CEO of Westinghouse, the US nuclear company that's one the main reasons for Hochberg's visit to the Czech Republic. Westinghouse is in the midst of a battle with Russia's...
more(Shopfloor, Washington, 30 July 2013) Ex-Im Bank Chairman Fred Hochberg outlined the unprecedented challenges facing U.S. exporters and released the annual competitiveness report that stacks Ex-Im Bank up against other major export credit agencies (ECAs) around the world. In...
more(Bloomberg, Washington, 18 July 2013) The U.S. Export-Import Bank voted to stop consideration of financing for a coal power plant in Vietnam, the first such decision since President Barack Obama vowed to cut federal support for the projects... “By denying taxpayer backed financing for this...
more(Bloomberg, Washington, 25 June 2013) President Barack Obama pledged to end U.S. government financing of overseas coal projects, a promise that could end millions of dollars in support for power plants in nations such as Vietnam and India. As part of a “Climate Action Plan” released today,...
moreThe Government Accountability Office (GAO) today released the following reports, testimony, and correspondence: Export-Import Bank: Additional Analysis and Information Could Better Inform Congress on Exposure, Risk, and Resources, GAO-13-620, May 30 Export-Import Bank: Financing of Dual-Use...more
(Reuters, Seattle, 22 May 2013) - Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive...
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