China Signals Freer Policy on Interest Rates
The Chinese Government is paving the way for a relaxation of currency trading rules as part of sweeping reforms to the country's financial system.
The Chinese Government is paving the way for a relaxation of currency trading rules as part of sweeping reforms to the country's financial system.
The election result for 2 July was better than expected. The financial markets reacted very well, with falls in country risk and interest rates, plus a rise in the stock market and a strengthening of the peso.
The Insolvency Service’s Annual Report, released on July 20th, has shown a 20% increase in the number of unfit directors to be disqualified. The figure has risen from 1,284 in 1998-99 to 1,540.
Enel, the Italian electricity group, has created Enelfactoring, a new company which will operate in the corporate factoring sector.
Small Business Minister Patricia Hewitt on the 12 July 2000 launched the Business Debtline, a telephone helpline aimed at helping small businesses facing debt problems.
The Spanish factoring sector posted a turnover of Pta2,288bn in 1999, up 42.16% on 1998 figures of Pta1,600bn, thanks to Spain's economic stability. Of this figure Pta2,181 was in domestic factoring.
Finova Group Inc. retained Credit Suisse First Boston to review strategic alternatives, including a possible sale, due to short-term financial woes.
MetroCorp Bancshares Inc.
RDM Factors have opened their tenth office in UK on 8 May. The new branch is located in Manchester and is under the control of RDM’s new Regional Manager for the area: Paul Aspray.