Europe News

Warning over Basel hit to credit insurance

The booming credit insurance industry may be harmed by the UK prudential regulator’s proposed new capital requirements rules, according to industry figures, who also …

Europe / 31-05-23 / by Jacob Atkins

UK food and drink industry hopeful Australia, New Zealand trade deals will reverse drop in exports

The UK’s food and drink manufacturers are optimistic they can reap “substantial benefits” from the free trade agreements (FTAs) with Australia and New Zealand …

Europe / 30-05-23 / by Eleanor Wragg

Sace covers “unique” loan for Turkey’s Çalık Enerji

Turkish energy firm Çalık Enerji has secured a €40mn facility covered by Italian export credit agency (ECA) Sace, designed to help the company boost …

Europe / 30-05-23 / by Jacob Atkins

Court tells Kimura to repay US$5mn to asset manager over failed copper mine

A London court has ordered non-bank commodities financier Kimura to repay US$5mn to US asset manager Yieldpoint, finding that a debt sub-participation agreement struck …

Europe / 24-05-23 / by Jacob Atkins

UKEF and BAE reach deal over historic Iran weapons sales

UK Export Finance (UKEF) and defence giant BAE Systems have struck a last-minute deal to settle a £13.9mn claim by the government agency over …

Europe / 15-05-23 / by Jacob Atkins

Court dismisses UniCredit appeal in tussle with shipowner

UniCredit has lost a closely watched appeal over a US$24.7mn loss on a cargo of fuel oil that went missing during the collapse of …

Europe / 11-05-23 / by Jacob Atkins

Insurers lose appeal over grain fraud

A group of insurers has lost its bid to avoid paying out US$5.7mn to Switzerland’s Quadra Commodities, after a London appeals court found the …

Europe / 26-04-23 / by Jacob Atkins

EBRD, Citi partner for Turkish supply chain finance programme

The European Bank for Reconstruction and Development (EBRD) is injecting up to €25mn in a Citi-led supply chain finance (SCF) programme for Finnish firm …

Europe / 17-04-23 / by Jacob Atkins

Five decades later, UKEF-backed Iran missiles deal lands in court

UK Export Finance (UKEF) is suing BAE Systems, one of its biggest clients, over contracts for the supply of missiles to Iran in the …

Europe / 17-04-23 / by Jacob Atkins

Banks warn against looming UK Basel reforms on trade finance

Planned changes to UK capital requirements rules would significantly increase costs for some trade finance instruments and exacerbate the trade finance gap, a global …

Europe / 12-04-23 / by Jacob Atkins