Archive for the ‘Finance’ Category

OMFIF appoints Edwin Truman Senior Adviser

OMFIF appoints Edwin Truman Senior Adviser
Edwin Truman Official Monetary and Financial Institutions Forum (OMFIF) has appointed Edwin ‘Ted’ Truman, a former senior US Treasury and Federal Reserve official, as Senior Adviser. Truman served as Assistant Secretary of the US Treasury for International Affairs from 1998 to 2001, and returned...
July 7th, 2014 | Associations, Finance, Organisations | Read More

HSH Nordbank integrates its M&A advisory business

HSH Nordbank integrates its M&A advisory business
Integration of HSH Corporate Finance GmbH into HSH Nordban AG is completed Even closer collaboration with the other product departments on the business unit in the future Team of M&A-specialists with multi-year expertise continues toadvise in the core industries of Shipping, Renewables, Healthcare,...
July 3rd, 2014 | Banking, Finance, Shipfinance | Read More

OMFIF appoints Aslihan Gedik as Senior Adviser

OMFIF appoints Aslihan Gedik as Senior Adviser
Aslihan Gedik Official Monetary and Financial Institutions Forum (OMFIF) has appointed Aslihan Gedik as Senior Adviser. Frankfurt-based Gedik runs the European treasury operations of Oyak, the Turkish Armed Forces Pension Fund, and will contribute to OMFIF’s efforts to build up additional activities...
July 2nd, 2014 | Finance, HR, Military, Person Profiles, Politics and Government | Read More

Record US sanctions penalties against BNP Paribas

The US Department of Justice (DOJ) announced yesterday that BNP Paribas (BNP) has agreed to a plea agreement under which it will pay penalties of US$8.9736 billion for processing billions of dollars in transactions through the US on behalf of entities in Sudan, Iran and Cuba, countries that are subject...
July 2nd, 2014 | Banking, Finance, Shipfinance | Read More

HSH Nordbank finances EuroCore office building in Munich

HSH Nordbank finances EuroCore office building in Munich
HAMBURG/KIEL HSH Nordbank is providing a Maple Knoll Capital and a group of inves-tors with portfolio finance of EUR 90 million for an office building in Munich’s Allach dis-trict. The 60, 000 sqm in office space is fully let. The main tenant with just under 70 percent is T-Systems International...
June 24th, 2014 | Banking, Construction, Finance | Read More

The best l(a)unch until now from OMFIF

The best l(a)unch until now from OMFIF
London, the City Hall In a full house at London’s Living Room at the top of the glassy classy City Hall …south of the river off The Queen’s Walk, the great, the good and powerful of the industry met last Tuesday the 17th of June for launching OMFIF’s first ever Global Public Investor, the GPI...
June 20th, 2014 | Associations, Banking, Energy, Environment, Finance, HR, Reports, Shipfinance | Read More

Greece Macro Monitor (18 June, 2014) Full coverage of projected financing gap…

Greece Macro Monitor (18 June, 2014) Full coverage of projected financing gap…
Platon Monokroussos Greece Macro Monitor (18 June, 2014) Full coverage of projected financing gap possible up to at least 2020, without recourse to a new aid package from official lenders In their latest reviews of Greece’s economic adjustment programs, both the European Commission and the IMF project...
June 18th, 2014 | Banking, Finance, News | Read More

Central banks and public sector funds in diversification drive

Central banks and public sector funds in diversification drive
Central banks around the world, including in Europe, are buying increasing volumes of equities as part of diversification by official asset holders that are now a global force on international capital markets. This is among the findings of Global Public Investor (GPI) 2014, the first comprehensive survey...
June 16th, 2014 | Banking, Finance, Reports, Shipfinance | Read More

Shipowners should not despair of attracting investors, despite a slowdown in deals…

Shipowners should not despair of attracting investors, despite a slowdown in deals…
A full house eagerly listening for the money …matters Shipowners should not despair of attracting investors, despite a slowdown in deals, Capital Link Shipping Forum hears during Posidonia week,  By James Brewer Windows of opportunity are still opening for raising money to support the highly capital...
June 5th, 2014 | Banking, Conferences, Seminars, Forums, Finance, Shipfinance | Read More

EIB supports modernisation of Polish railways with EUR 268m loan

EIB supports modernisation of Polish railways with EUR 268m loan
The European Investment Bank (EIB) is lending EUR 268 million to the manager of the national railway network in Poland, PKP Polskie Linie Kolejowe S.A. (PLK), for the upgrading of 58 km of an existing electrified railway line (E30) from Katowice to Kraków. Thanks to the EIB loan, a number of improvements...
June 4th, 2014 | Banking, Finance, Land Trasnport, Logistics, Rail | Read More

Witnessing RBS’ best Posidonia reception

Witnessing RBS’ best Posidonia reception
The line up with Lambros Varnavides heading for the last time members of his successful team; Andy Georgiou, Fotis Bratimos, and Colin Manchester The Greek-British shipping business relationship goes beyond any imagination and same can be witnessed everywhere on the globe, Posidonia being no exception....
June 2nd, 2014 | Banking, Conferences, Seminars, Forums, Events, Finance, Markets, Shipfinance | Read More

Bills of lading and trade finance fraud – widespread risks spelled out…

Bills of lading and trade finance fraud – widespread risks spelled out…
Jim Davis, Pottengal Mukundan and Yannis Calogeras Bills of lading and trade finance fraud – widespread risks spelled out by Pottengal Mukundan of International Chamber of Commerce, in presentation to IMIF Shipping, trading houses and banks are continuing to be targeted as victims of major fraud operations,...
May 26th, 2014 | Banking, Bribery and Corruption, Chartering, Conferences, Seminars, Forums, Corruption, Finance, Fixtures, IMIF, Maritime Fraud, Shipfinance | Read More

Greek elections roundup: outcome & potential implications

Greek elections roundup: outcome & potential implications
Platon Monokroussos Greece Macro Monitor (26 May 2014) –  Main opposition party SYRIZA wins Greek election for the European Parliament With 99.47% of the total vote having been counted as of the time of writing this report, Greece’s main opposition radical left SYRIZA gained a clear lead in...
May 26th, 2014 | Banking, Finance, News, Shipfinance | Read More

DIANA SHIPPING INC. announces drawdown of US$ 30 mio…

DIANA SHIPPING INC. announces drawdown of US$ 30 mio…
DIANA SHIPPING INC. ANNOUNCES DRAWDOWN OF US$30 MILLION FROM A TERM LOAN FACILITY WITH THE EXPORT-IMPORT BANK OF CHINA  TIME CHARTER CONTRACT FOR M/V CORONIS  BOARD OF DIRECTORS AUTHORIZES SHARE REPURCHASE PLAN ATHENS, GREECE, May 23, 2014 – Diana Shipping Inc. (NYSE: DSX), (the “Company”),...
May 23rd, 2014 | Banking, Dry Bulkcarriers, Finance, Markets, News, Shipfinance, Stock Markets | Read More

New Supervisory Board elected at HSH Nordbank

New Supervisory Board elected at HSH Nordbank
HAMBURG/KIEL The shareholders of HSH Nordbank elected their representatives for the future Supervisory Board at a general meeting held this morning. At the constituent meeting of the Supervisory Board held immediately after the general meeting of shareholders Dr. Thomas Mirow was reappointed as its Chairman. The...
May 23rd, 2014 | Banking, Company Profiles, Corporate Social Responsibility, Finance, HR, Shipfinance | Read More

Investec strengthens shipping & marine business with senior appointment

Investec strengthens shipping & marine business with senior appointment
Investec Corporate and Institutional Banking (‘Investec’), part of Investec Bank plc, has appointed Patrick Caron-Delion to its Shipping and Marine Finance team, which is headed up by Jeremy Dean. He will work with Investec’s shipping clients to assist them with a broad range of financing requirements...
May 21st, 2014 | Finance, HR, Shipfinance | Read More

INVESTEC Strengthens Shipping & Marine Business…

Investec Corporate and Institutional Banking (‘Investec’), part of Investec Bank plc, has appointed Patrick Caron-Delion to its Shipping and Marine Finance team, which is headed up by Jeremy Dean. He will work with Investec’s shipping clients to assist them with a broad range of financing requirements...
May 20th, 2014 | Banking, Company Profiles, Finance, HR, Shipfinance | Read More

TT Club announces strong financial results and maintains AM Best A- (Excellent) rating

TT Club announces strong financial results and maintains AM Best A- (Excellent) rating
The TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2014, maintaining its A- (Excellent) rating by agency AM Best for the 8th consecutive year. Highlights: · $186.3 million gross written premiums · $12.0...
May 16th, 2014 | Finance, Logistics | Read More

Pace of annual GDP contraction decelerates further in Q1 2014

Pace of annual GDP contraction decelerates further in Q1 2014
Platon Monokroussos Greek Q1 GDP flash estimate Pace of annual GDP contraction decelerates further; shift into positive territory expected from Q3 2014 onwards – organised and compiled by Platon Monokroussos,  Head of Global Markets Research Greece’s statistics agency (EL.STAT.) released earlier...
May 15th, 2014 | Banking, European Union, Finance, Markets, Organisations, Politics and Government | Read More

UK Export Finance: protecting the exporting risks of British businesses

UK Export Finance: protecting the exporting risks of British businesses
BCB International Protective Equipment Survival and protective equipment manufacturer BCB International Ltd has become one of the first Welsh smaller and medium sized exporters to use government cash to secure two export contracts worth US$500, 000. The Cardiff-based company, which designs and manufactures...
May 1st, 2014 | Banking, Finance, Marine Equipment Products and Services, Military, Safety and Security | Read More

Euronav – Capital increase through conversion

Euronav – Capital increase through conversion
LAST CONVERSION OF CONVERTIBLE BONDS  2018 ANTWERP, Belgium, 24 April 2014 – Euronav NV (NYSE EURONEXT BRUSSELS: EURN) announces that on 22 April 2014 its share capital was increased following the exercise of  the conversion option of the last outstanding convertible bond issued in 2013, for which...
April 25th, 2014 | Banking, Finance, Markets, Shipfinance, Stock Markets | Read More

HSH Nordbank providing finance for GAGFAH GROUP real estate portfolio

HAMBURG/KIEL HSH Nordbank has provided the GAGFAH GROUP with finance of EUR 176 million for a portfolio comprising more than 4, 400 residential as well as 20 com-mercial units with living and useable floor space totalling almost 280, 000 square metres. Some of the properties are held for sale in the...
April 23rd, 2014 | Banking, Construction, Finance | Read More

INTESA SANPAOLO and VEI Capital take stake in RINA Spa

INTESA SANPAOLO and VEI Capital take stake in RINA Spa
RINA CEO Ugo Salerno   The initial investment of the new partners will total 25 million euros Possibility of increasing overall investment to 100 million euros Ugo Salerno: “The aim is to develop a leading national organisation to compete with key worldwide players.” Milan, 16 April 2014 –...
April 17th, 2014 | Banking, Classification Societies, Finance | Read More

OMFIF changes shareholder structure, appoints new board members

OMFIF changes shareholder structure, appoints new board members
Wed 16 April 2014 – The Official Monetary and Financial Institutions Forum (OMFIF), an independent financial think-tank and platform for dialogue between official institutions and the private sector, announces today a new shareholder structure as well as changes to the Board of Directors and Senior...
April 16th, 2014 | Associations, Clubs, Company Profiles, Finance | Read More

The economic and market significance of the new 5-year government bond

The economic and market significance of the new 5-year government bond
Platon Monokroussos The present note assesses the economic and market significance of the new Hellenic Republic 5-year bond issue, focusing on its potential implications for the evolution of the public borrowing requirement under the current macroeconomic scenario. The note presents a detailed analysis...
April 15th, 2014 | Banking, Finance, News, Politics and Government | Read More