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Americas

Nafin back in black

Mexico's largest development bank Nacional Financiero (Nafin) reported first half net income of 113m pesos (US$9.9m), compared to losses of 168m pesos in the same period last year, according to data from banking authority CNBV. The bank's financial margin shrank...

SBA launches online SME database

The Barbados Small Business Association (SBA) is launching an online business information system (BIS) to keep track of the sector's…


Factoring fraudster faces 35 years in jail

The former head of the federal Superfund environmental cleanup program was found guilty on Monday of concocting a scheme to…


China may invest US$4bn in Brazil

Four months after the visit of the Brazilian president Lula to Beijing, Brazil and China may resume negotiations about joint…


Banamex launches SME online service – Mexico

Mexico's second largest bank Banamex has launched an online financial services portal for small and medium-sized enterprises (SMEs), the company…


Bridge Bank awarded SBA Preferred Lender status in California

Bridge Bank, National Association, Santa Clara County's newest business bank, today announced that the Bank has achieved California Statewide Preferred…


Fed raises interest rate

The US Federal Reserve boosted a key short-term interest rate by one-quarter percentage point last night, the third increase this…

#banks#economy#interest


Canadian SMEs seek Malaysian partners

Canadian small- and medium-sized enterprises (SMEs) are keen on having business partners in Muslim countries, particularly Malaysia, Malaysia-Canada Business Council…


US Commerce Dept to help exporters access Chinese markets

The US Commerce Department yesterday unveiled new tools in Beijing to help US companies expand exports to China's growing market,…


Factoring industry profits face double-digit declines in H1

Mexico's factoring industry reported net income of 84.5m pesos (US$7.3m) in the first half of 2004, a 16 per cent…


SME share of EDC business increases

Bolstered by an accelerating global economy, Export Development Canada (EDC) business volume was $26.1bn (US$14bn), of which the small- and…


Bancoldex increases loan portfolio to SMEs

Loans from Colombia's state-owned export development bank Bancoldex to micro, small- and medium-sized enterprises will probably account for 35 per…

Ex-Im Bank helps finance US exports to Peru

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$15.9 million credit guarantee facility to support the…

#bank#emerging markets#exports

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