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Ex-Im Bank supports US aircraft export to Thai Airways

The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export by The Boeing Co. of B747-400 aircraft to Thai Airways International Public Company, Ltd. (Thai Airways). The aircraft have installed...

Merged asset-based lending businesses name new leader

President and chief executive officer of Fleet Capital Corporation, James G. Connolly, has been tapped to lead the combined asset-based…


Key Capital Factoring Inc. changes its name

Last year, Key Bank and Trust changed its name to K Bank, after a lengthy lawsuit over the Key name…

#bank#Trust


Factoring companies report Q3 profits up 30%

Mexico's 16 factoring companies reported consolidated net income of 153m pesos (US$14m) during the third quarter of 2003, up 30%…


Moody's rating for Banorte factoring and leasing subsidiaries

The Mexican subsidiary of international ratings agency Moody's has assigned the factoring and leasing subsidiaries of local financial group Banorte…

#bank#international#leasing


CIT reports 9.8% increase in Q4 earnings

CIT Group posted a higher fourth-quarter profit, citing growth in its financing and leasing portfolio and a smaller proportion of…

#CIT#leasing


Regulator rejects Banco Progreso licence request

Chile's banking regulator SBIF has announced its rejection of a banking licence request from Banco Progreso. Progreso plans to offer…


Boston Financial opens debt-management unit

Factoring company, Boston Financial Corp., yesterday unveiled a new unit, Boston Financial Solutions LLC. The new venture will focus on…

#management


US Bank Business Credit grants $20m asset-based facility to...

US Bank Business Credit is the agent of a $20 million senior secured credit facility to Tai Foong USA, an…

#bank#cash management#management


Interest rates fall again

The Bank of Canada cut interest rates for the first time in almost five months yesterday, citing the combined impact…


The King champions Spanish small businesses

King Juan Carlos of Spain championed small businesses during his official visit to Chile. In a meeting in Santiago between…


Small businesses tap into free MBA expertise

“When, in the space of a year, the revenue growth of Ken Taylor Plumbing, a 40-year-old, one-man plumbing service in…

Weak dollar squeezes small US importers

Since hitting its lowest point in November 2000, the euro has shot up by more than 50 per cent against…

#exports#interest rates#international

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