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2009/02/10
(US Dept. of Justice, Washington, 24 February 2009) A former employee of the Export-Import Bank of the United States (Ex-Im Bank) has been indicted on corruption and tax violations arising from her alleged receipt of a $100,000 bribe while working at the Ex-Im Bank. The indictment alleges that... more
2009/02/09
(IHT, Paris, 1 February 2009) Billions of euros earmarked last week by the French government to keep the credit crunch from choking off revenue to the European plane maker Airbus might, analysts said, end up helping to finance its next-generation aircraft, the A350, in what once might have been... more
2009/02/08
(UPI Asia, Toronto, 13 February 2009) Competing with the US, Japan, France and Russia, Atomic Energy of Canada will benefit from a Jan. 19 agreement concluded by Trade Minister Stockwell Day following the Indo-U.S. nuclear deal, to cooperate in building nuclear power plants in India. Whoever gets... more
2009/02/07
(Earthtimes, Schaumburg, Ill. 11February 2009) Zurich in North America's Surety, Credit & Political Risk group today announced the successful completion of an initial transaction with SACE, a leading credit insurance group controlled by Italy's Ministry of Economy and Finance. Under the terms... more
2009/02/06
(ENS, San Francisco, 7 February 2009) Environmental groups and cities won a settlement Friday in a precedent-setting lawsuit that sought to force two U.S.... more
2009/02/05
(OECD, Paris, 5 December 2008) Member countries of the Working Party on Export Credits and Credit Guarantees submit their cash flow results for officially supported export credits to the Secretariat on an annual basis. Tables I, II, III, IV and V present 2007 and previous years’ results expressed... more
2009/02/04
(ECA Watch, Ottawa, 23 February 2009) On 17 Dec. 2008 the ECG published a revised survey format for member reporting on Common Approaches procedures and practices on its web site. This format was... more
2009/02/03
(OECD, Paris, 12 February 2009) Following the 105th Participants Meeting which took place on the 21st January 2009, the Participants to the Arrangement on Officially Supported Export Credits have agreed to some modifications to the rules of the Arrangement, i.e.:* A change in the definition of... more
2009/02/02
(Reuters, Beijing 6 February 2009) - Tang Ruoxin, chief of Chinese ECA Sinosure since the agency was established in 2001, has been kicked out of his post and the Communist Party over allegations that he accepted bribes, the country's insurance regulator said.
2009/02/01
(Pacific Environment, Berkeley, 19 February 2009) JBIC and private banks conditioned their financing for Sakhalin II on Sakhalin Energy's support of the scientific expert Western Gray Whale Advisory Panel (WGWAP), including implemention of all reasonable recommendations of the WGWAP, and providing... more
2009/01/11
(Agência Financeira, Lisbon, 9 January 2009) The Portuguese government has approved export credit support mechanisms worth 2 billion Euros to rejuvinate economic activity and exports. The sum will be divided equally to support sales to OECD and non-OECD markets and will be managed by FINOVA in... more
2009/01/10
(The Corner House, Dorset, 3 January 2009) Following the Georgia/Ossetia/Russia conflict in August 2008, The Corner House has written ECGD asking if it had undertaken an assessment of the risk that the BTC pipeline project might... more
2009/01/09
(ITProPortal.com, UK, 14 January 2009) In a statement to AFP, Canadian Industry Minister Tony Clement confirmed that Export Development Canada will provide with up to 30 million Canadian dollars (£16.5 million) in short term financing and encourage other financial institutions to open channels of... more
2009/01/08
(Radio Netherlands, Amsterdam, 16 January 2009) The Dutch government has announced a raft of measures to ease the ongoing crisis in the economy. The measures are intended to make lending easier without making a hole in the government's budget and include the expansion of insurance for export credit... more
2009/01/07
(JBIC, Tokyo, 19 December 2008) The Japan Bank for International Cooperation has signed an agreement on China Environment Fund III, L.P. (CEF III), which makes investments in environment and energy efficiency projects... CEF III is a private equity fund with a focus on projects in the sectors... more