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TXF Podcast

TXF Podcast

News:Business News

Norwegian Cruise amends SACE-backed loans; Trafigura H1 profit boosted by Covid-19 volatility;Saudi injects billions into local banks via blockchain tech

Norwegian Cruise amends SACE-backed loans; Trafigura H1 profit boosted by Covid-19 volatility;Saudi injects billions into local banks via blockchain tech

2020-06-11
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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:

  • Norwegian Cruise amends SACE-backed loans

  • Geneva-based commodity trader Trafigura recorded its highest H1 net profit since 2016, despite $580 million in impairments, as its oil and metals trading divisions thrived in the extreme volatility caused by Middle East events and Covid-19, the company said on Thursday.

  • Saudi Arabia’s Monetary Authority (SAMA) has partially deposited SAR50 billion ($13.3 billion) into local banks through blockchain technology

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

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