BCR Latest News

Myanmar, Thailand to introduce account trade system

Myanmar and Thailand have agreed to introduce an account trade system in 2004 to avoid always using currency in business…


Freedom Financial announces new vice president

Freedom Financial, Inc., a rapidly growing provider of factoring, purchase-order financing and additional asset-based lending services, has announced the appointment…


Investment companies launch fund to finance SMEs in northern regions

Two investment companies are reported to be launching a local investment fund (fonds d'investissement de proximite or FIP). Credit Mutuel…


Economic shock therapy pays off in new prosperity

Estonia is the economic wunderkind of the accession states. It’s a decade since the Baltic country decided to put itself…


Brokers key source of loans

Australian banking firm ANZ has revealed that the company is sourcing through brokers as much as 30% of its new…


Bank Pekao takes next step in consolidating its leasing companies

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1…


SME’s finances weak

Nearly 4 out of 10 small- and medium- sized domestic enterprises (SMEs) are unable to cover interest payments on their…


Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…


Dramatic rise in small business optimism

Further evidence of the improved atmosphere for small firms is revealed in a survey by the Bank of Scotland (BoS).…


Sanpaolo IMI, the EIB and Fiat in SME loan pact

Factoring company Sanpaolo IMI, the European Investment Bank (EIB) and Fiat will sign a memorandum of understanding in Turin to…


Outlook of global economy bright over coming years

According to the Bank of Finland, global economic growth has picked up, with the US and Asia in particular exhibiting…


Indicator of economic sentiment shows good prospects for 2004

The Centre for European Economic Research (ZEW) Indicator of Economic Sentiment, a monthly Financial Markets survey, shows the balance between…


MPS Foundation acquires stake in SME finance company

The board of administration of the Monte dei Paschi di Siena (MPS) Foundation agreed an investment in Finanziaria Senese di…


October trade deficit soars

The trade deficit soared to US$674.2m in October from September's US$417.6m, as imports grew at a much faster pace than…


International Trade Centre unveils 'FiT' for apparel SMEs

The International Trade Centre (ITC), has introduced FiT, a business advisory service, to serve as a catalyst for small- and…


Financial chief fired amid factoring fraud probe

Whitehall Jewellers Inc. said on Thursday that it had fired chief financial officer Jon Browne as a result of an…


Manufacturing recovery slowly taking hold – CBI survey

Manufacturers' export order books were fuller in December than for nearly three years and output is expected to grow for…


Cosec in talks for Euler Hermes to raise its stake

Euler Hermes, world leader in credit insurance, already holds 8.5% in Cosec, but is interested in increasing its holding with…


GE Commercial Finance unit acquires leasing business

General Electric, the US conglomerate, yesterday agreed to acquire a large part of the equipment leasing business of IKON Office…


Norway's economy on the upswing

The state Central Bureau of Statistics (Statistisk sentralbyraa, SSB) released figures on Thursday indicating a rise in the business cycle…


Small businesses offered framework of incentives

Britain's small businesses are to get a Ј400m boost to their cash flow over the next three years and access…


Weak dollar hinders eurozone recovery

The downward trend of the US dollar, which has now lasted for more than a year, benefits American industry but…


Exports down by 4.6% in first 3 quarters of 2003

The value of Italian exports has gone down by 4.6% in the first 3 quarters of 2003 compared to data…


Eurozone growth next year to reach 1.6 per cent

The European Central Bank and IMF put eurozone growth next year at around 1.6 per cent, but the IMF says…


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