BCR Latest News

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…


Best Factor and Invoice Discounter of the Year winner announced

The “Best Factor and Invoice Discounter of the Year” has been awarded to leading business finance firm Bibby Financial Services…


After the slump, can Ireland survive the recovery?

It is a strange, but well-established, fact that the number of firms going bust peaks during an economic recovery, rather…


Bank Danamon re-evaluates its business strategy

Bank Danamon, the country's fifth-largest bank in terms of assets, is currently undergoing a re-evaluation of its business strategy after…


Businesses make it easy for fraudsters to commit Company ID…

Businesses are unknowingly handing bin loads of personal and company information to criminals which is being used to fuel a…


Chinese export credit insurance to cover new soda plant in…

CITIC Pacific Ltd. of China is to build a soda plant in Uzbekistan costing $100 million, according to a source…


AMP Banking to offer GE products

AMP Ltd's banking business will distribute a range of commercial and consumer finance products from American conglomerate GE. The products…


Maine Group to buy small Hyannis bank

The Banknorth Group of Maine announced plans on Tuesday to buy CCBT Financial Companies for $300 million in stock. Barring…


Pre-budget report for business; Chancellor seeks to woo the little…

Gordon Brown attempted to woo small businesses in his pre-Budget report yesterday, promising measures to address the financing gap, encourage…


Infrastructure financing must for growth; Exim Bank chief

Export promotion and infrastructure development should be the corner stones of the strategy for sustainable development, according to Mr T.C.…


Late payment interest rate set for January to June 2004

The Better Payment Practice Group (BPPG) has advised businesses that the interest rate for companies wishing to apply the late…


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