ECGC ups cover for small exporters; Big oil firms set to post record profit despite gas outages; Thiess targets Australia hard-rock mining sector expansion with MACA offer

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The Indian government’s export credit provider - Export Credit Guarantee Corporation (ECGC) - has introduced a new enhanced insurance scheme to cover up to 90% of export credit risk for small exporters under the Export Credit Insurance for Banks Whole Turnover Packaging Credit and Post Shipment scheme

• The world's largest energy traders, independents and majors, are poised to post record earnings for the first six months of the year due to volatility in markets caused by the Ukraine war and despite LNG supply problems, sources with the companies said

• Thiess looks like gaining further market share in the key hard-rock mining market of Western Australia after having a bid accepted for fellow mining contractor MACA

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