BCR Latest News

Business sentiment eases recession fears

Germany's closely-watched business climate Ifo index fell for a sixth consecutive month in November, confirming the fragility of German economic…


US economy hits 4% growth in third quarter

The US economy grew faster in the third quarter than first reported, and consumer confidence rose from a nine-month low…


International Factors Group (IFG) to widen role in international receivables…

At their recent General Assembly, the International Factors Group decided to reposition and widen the scope of the Group’s role…


Hong Kong October exports post fastest growth in 2 years

Hong Kong's exports exceeded expectations to post the fastest growth rate in two years, as strong exports growth to China…


Businesses to book bad debt as cost to cut taxes

Some 36,000 companies have reported their intention to book bad debts totalling ZL5.7bn as costs in order to reduce their…


Manufacturers confident about economy

Local manufacturers are concerned about oil price fluctuations and global economic uncertainty, according to the first Thai Industries Sentiment Index…


Call for tougher export credit agency guidelines

Environmental pressure groups will meet officials from the Organisation for Economic Co-operation and Development today as they launch a campaign…


Experts propose comprehensive service system for Chinese SMEs

Chinese and Italian experts proposed setting up a comprehensive service system for China's small and medium-sized enterprises (SMEs). Statistics from…


East China promotes SME development.

Small and medium-sized enterprises (SMEs) with potential are facing problems with back-up services such as financing, personnel training, management consultancy…


Factoring and leasing flourishes in Latvia

The aggregate leasing and factoring portfolio of members of the Latvian Leasing Provider Association (LLPA) reached 259.5 million lats in…


Gathering clouds over Asia's 'star pupil' are bad news for…

South Korea has paid back its debt to the IMF, cleaned up most of its bad loans and emerged as…


Sterling Bancorp announces healthy increase in its effective annual dividend

Sterling Bancorp (NYSE: STL), parent company of Sterling National Bank, today announced that its Board of Directors declared a 20%…


Fast growth as factoring gets wider acceptance.

Factoring companies have increased their business by 8.2% from January to September to Pesos$1,228,287 million (US$1,820 million), according to estimates…


Inverlink to open bank targeted at SMEs

Chilean financial group Inverlink plans to file for a banking license before year-end with a view to opening a bank…


SIFC aims is for larger number of smaller loans to…

By speeding up approvals over the next six weeks, the Small Industry Finance Corporation (SIFC) expects to reach its lending…


SME fund manager, One Asset, comes under attack.

The managers of a state venture capital fund for small business have failed in their mission and should be dismissed,…


EquiFin reports Q3 2002 and nine month financial results

EquiFin, Inc. (AMEX:II AND II,WS), today reported third quarter and nine-month results for the period ended September 30, 2002. EquiFin,…


Brazil hikes prime rate to crush inflationary pressures

For the second time in two months, Brazil's central bank increased its prime lending rate, this time by a percentage…


Transamerica sets up wholesale financing joint venture with Brunswick

Transamerica Distribution Finance, a global provider of inventory finance, accounts receivable finance, and asset-based lending services and Brunswick Corporation (NYSE:…


Norwegian receivables finance company hit by allegations of massive fraud

The owners of Finance Credit Norge ASA, Trond G. Kristofferson ceo and Torgeir Stensrud chairman, have been remanded in custody…


Credit Cooperatif in deal over its factoring and venture capital…

French bank Credit Cooperatif has acquired a 2 per cent stake in the capital of the national bank that heads…


SMEs slow to implement better payment practices

Latest research from the Credit Management Research Centre (CMRC) at Leeds University Business School, and member of the Better Payment…


Factor 21 plc enjoys successful first financial year

Factor 21 plc has released its financial statement for the year ended 30 June 2002. The company, formed on 1…


Receivables management firms form global strategic alliance

Intrum Justitia, with operations in 21 European countries, and D&B Receivable Management Services (D&B RMS) with offices in the United…


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