Both ENDS, 23 October 2014
On 18 October it was reported that the Egyptian authorities signed a contract with an international consortium of dredging companies to expand the Suez canal[1]. The consortium...
moreBoth ENDS, 23 October 2014
On 18 October it was reported that the Egyptian authorities signed a contract with an international consortium of dredging companies to expand the Suez canal[1]. The consortium...
more(Business Credit Management, London, 5 September 2014) UK Export Finance, the UK’s export credit agency, is inviting partners to apply to help it deliver £3 billion of export credit loans as part of its enhanced direct lending facility. The government department, which during the last five...
more(Fresh Business Thinking, London, 23 September 2014) "Commercial finance and liquidity may be readily available at the moment, but the aviation sector also needs to consider capital markets as a source of future funding," that is the message UK Export Finance’s Head of Aerospace, Gordon Welsh,...
more(The Independent, London, 6 July 2014) The Government is using taxpayers' money to underwrite £140m-worth of deals for a company whose ultimate ownership is based in a notorious tax haven. UK Export Finance, a branch of the Department for Business, is risking public funds to provide insurance...
more(Reuters, Washington, 16 June 2014) The United States, United Kingdom and Netherlands will float a plan this week requiring new coal-fired power plants to meet a carbon pollution standard in order to receive public funding from the world's wealthiest countries, according to a draft seen by...
more(US Dept. of Justice, Washington, 34 <july 2014) The U.S. Department of Justice announced today that an $80 million False Claims Act judgment was entered against BNP Paribas for submitting false claims for export payment guarantees issued by the U.S. Department of Agriculture. BNP Paribas...
more(European Commission, Brussels, 7 March 2014) Regulation (EU) No 1233/2011 of the European Parliament and of the Council of 16 November 2011 on the application of certain guidelines in the field of officially supported export credits foresees that Member States shall make available to the...
more(Huffington Post, 2 May 2014) The Nation, Huffington Post,...
more(Reuters, Sydney, 27 May 2014) Dozens of protesters caused tens of millions of dollars in damage to vehicles, equipment and buildings at Vale's nickel mining site in New Caledonia, as anger boiled over at a chemical spill into a local river. The $6 billion Vale plant at Goro was closed earlier...
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(Guardian, London, 8 April 2014) Banks will have access to a Bank of England facility to make it less risky for them to finance exports under a new scheme to boost Britain's trade announced by George Osborne on April 7. Speaking in Brazil, the chancellor said billions of pounds of extra loans...
moreCentre for Aviation, Melbourne, 26 March 2014) UK Export Finance head of aerospace Gordon Welsh, speaking at the CAPA – Airline Fleet & Finance Summit 2014, stated the export credit agency will sell the last of 40 aircraft returned after 9-11 “hopefully next week”, ending 13 years as...
more(ECA Watch Austria, Vienna, 21 February 2014) On February 20th, the Austrian company Andritz received the “Eyesore of the Year 2013” award for its involvement in three dam projects with tremendous negative ecological and human rights impacts: Xayaburi in Laos, Belo Monte in Brazil as well as...
more(Friends of the Earth France, Paris 10 February 2014) Tomorrow French President Francois Hollande will meet US President Barack Obama. Last year, Mr Obama announced the end of US public financing for new coal-fired power plants overseas, he now wants other developed countries to follow suit. In...
more