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Credit insurance and surety specialist Xenia has bought Peter Hill Credit & Financial Risks, a specialist trade credit insurance and surety broker, marking its seventh acquisition since it was set up two and a half years ago. Xenia was formed by managing general agent Nexus Group in 2019 as part of Nexus’ plan to continue ...
Russian gas producer Novatek’s controversial Arctic LNG project has secured a bumper financing package from a group of international lenders, including the Japanese export credit agency (ECA) and Chinese and Russian state banks. The firm announced this week that it had obtained the necessary external financing for the project after signing loan agreements worth €9.5bn. ...
The Saudi British Bank (SABB) has completed its first sharia-compliant supply chain finance (SCF) transaction, as it works to boost support for clients sourcing goods both domestically and internationally. As part of a deal signed in September, which the bank says is the first sharia-compliant SCF agreement to be signed in Saudi Arabia, SABB will ...
Businesses around the world are optimistic about their growth prospects in spite of the ever-expanding list of disruptions to trade, according to research from HSBC. The HSBC Navigator: Voice of Business report, which polled over 7,350 business decision-makers from 14 global markets, found that businesses expect to boost sales by an average of 19% in ...
Climate campaigners are calling on major US retailers to switch to zero-emissions shipping practices as a matter of urgency, after estimating that four companies accounted for 20 million tonnes of carbon emissions in just two years. A report published this week by Ship It Zero, a coalition of environmental campaign groups such as Stand.earth and Pacific Environment, calls ...