Edition:
United Kingdom

Jonathan Saul

Japan's MUFG the leading bidder for DVB's aviation finance: sources

11:52am GMT

LONDON/FRANKFURT Japan's Mitsubishi UFJ Financial Group is the leading bidder for the aviation financing business of Germany's No.2 lender DZ Bank, people close to the matter said.

Exclusive: Agribusiness giant ADM made buyout approach to Argentina's Molinos – sources

09 Nov 2018

BUENOS AIRES/LONDON Top U.S. grain merchant Archer Daniels Midland Co has approached Argentine soy crusher Molinos Agro about buying the company's livestock feed and soyoil manufacturing plant, and talks may continue, three sources said.

UPDATE 1-NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

NordLB to shed ship loans early in balance sheet clean-up -sources

09 Nov 2018

LONDON/FRANKFURT, Nov 9 NordLB is trying to shed almost all of its non-performing shipping loans this year, much earlier than publicly indicated, as the German bank steps up efforts to clean up its balance sheet, sources close to the matter said.

RPT-ANALYSIS-Iran's economy to suffer but likely ride out US sanctions storm

09 Nov 2018

* Iran improvising to offset blow of US oil, banking sanctions

Iran's economy to suffer but likely ride out U.S. sanctions storm

08 Nov 2018

DUBAI/LONDON Iran is likely to ride out the storm from U.S. oil sanctions, suffering recession but no economic meltdown, thanks to rising crude prices and deepening divisions between the United States and other major powers, officials and analysts say.

U.N. shipping agency pushes ahead with tougher marine fuel rules

26 Oct 2018

LONDON The United Nations shipping agency pushed back this week on any phased entry for tougher marine fuel rules and further tightened regulations that will come into force in 2020.

Ship financiers back tougher action to cut CO2 emissions at sea

24 Oct 2018

LONDON Leading shipping finance banks have joined industry players in support of faster action to cut carbon emissions by the sector.

Germany's DZ Bank in final stage of selling parts of DVB - sources

19 Oct 2018

LONDON/FRANKFURT Germany's No.2 lender DZ Bank is finalising the sale of parts of its troubled transport financing division DVB Bank months after struggling to sell the whole business, two sources familiar with the matter said.

No delays to implementing shipping fuel sulfur cap in 2020: IMO

25 Sep 2018

SINGAPORE/LONDON The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulfur in marine fuel in 2020, officials with the UN's shipping agency said on Tuesday.

World News

Trump says he 'easily' answered Russia probe questions

President Donald Trump on Friday said he had "very easily" completed his written answers for Special Counsel Robert Mueller's investigation into Russia's role in the 2016 U.S. election, but had not yet submitted them to Mueller's office.