BCR Latest News

Capital Factors Inc. wins US District Court judge’s support in…

Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight…


Export Credits Guarantee Department backs refit and sale of surplus…

Two Royal Navy frigates will be setting course for a new lease of life in the Black Sea after a…


British business looks for rate cut in the near future…

Following the decision today to keep interest rates on hold the CBI is calling on the Bank of England to…


Consumer direct sales firm raises US$100 million, backed by inventory…

Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…


Renewed weakness and rapidly falling profitability – CBI/Grant Thornton Sector…

This month's survey revealed renewed weakness within the consumer service sector, with rapidly falling volumes of business and profitability, and…


DTI to consult on developing US style Small Business Investment…

The Department of Trade and Industry's Small Business Service (SBS) has announced a consultation into developing a US-style Small Business…


Global Trade Finance to provide export factoring service for gems…

Gems and jewellery exports from India are set to get credit insurance in the current financial year. Global Trade Finance,…


Global Trade Finance targets domestic factoring

Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany…


Lending Climate in America quarterly survey results

The protracted economic downturn and uncertainty over war in Iraq took a toll on lenders' attitudes last quarter, with most…


Central bank authorises larger credit unions to seek loans to…

Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…


Arms of UK administration embrace US companies

Recent European legislation means that non-UK incorporated companies can be put into administration in the UK if they fulfil certain…


Singer & Friedlander to end factoring services in about two…

A spokesperson from Singer & Friedlander Factors Limited today told BCR that the company is to close in the next…


ECGD streamlines environmental and social impacts analysis process for export…

The Export Credits Guarantee Department (ECGD) will be lifting a burden on industry while maintaining its rigorous screening of projects…


Factors and other non-bank financial firms improve profitability by over…

Hungarian financial enterprises other than banks posted a significant improvement in profitability last year, while the quality of their portfolios…


HSBC Invoice Finance UK Ltd’s year ended 2002 results show…

HSBC Invoice Finance UK Ltd have released their year ended 2002 results showing that the company has made a 13.2…


ECGC had paid out claims of over Rs 800 crore…

Goods worth Rs 180 crore shipped from India under the ‘Food for Oil’ programme are blocked at various entry points…


ICICI Bank and five partners invest Rs 800 crore in…

ICICI Bank, with five other financial intermediaries, has set up a Rs 800 crore India Advantage Fund for the equity…


Payment guarantee companies ask for greater regulation

Panamanian payment guarantee companies have asked the government for greater regulation of their sector, local daily El Panama reported. Central…


ECGC announces lower premiums and new products for services exporters

The Export Credit Guarantee Corporation of India Ltd (ECGC) has reduced premium by between 20 and 40 per cent on…


The Enterprise Act and Corporate Security.

Read an explanation of how the Enterprise Act will affect the taking, enforcing and realisation in administration of Corporate Security…


Cattles heads north into Scotland

Cattles Invoice Finance has expanded its operations with the opening of an office in Glasgow to offer a range of…


New 3-way trade management and finance venture to open US…

Dynamic I-T, Inc. today announced the creation of an innovative trade management and finance venture to open up US markets…


Euro could outshine dollar for international trade and currency reserves

With the continued strengthening of the euro against the dollar, several export-driven companies are seriously considering switching to the euro.…


Grant Thornton’s analysis of latest corporate profitability statistics

Corporate profitability in the UK has shown no significant improvement in Q4 2002. The year's performance ranked as the worst…


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