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Americas

Fed decision on interest rates

Low inflation and spare resources in the economy mean that policy can continue to support growth "for a considerable period", according to a statement from the Federal Reserve Board’s key policy-making committee yesterday evening. The statement had been eagerly awaited...

#bank#economic recovery#inflation

Bail granted to bank fraud executives

A judge granted bail to two brothers accused of defrauding a Portuguese bank branch out of $170 million that was…

#bank#Paid#risks


Verdict in trial of Commercial Financial Services co-founder

A federal jury found former Commercial Financial Services (CFS) co-founder Bill Bartmann not guilty of charges tied to a company…

#Bill#financial services#Two


Nine charged in factoring company’s fraud on Portuguese bank

Nine men were indicted on charges of stealing $170 million from a Portuguese bank branch in Florida through what prosecutors…

#bank#Clear#interest


New credit insurance draws sector interest

Several Peruvian insurers are likely to offer a new government-backed export credit insurance product next year, according to national foreign…


First Business Financial Services elects new member to Board

First Business Financial Services, Inc. announced today that Jan Eddy has been elected to its Board of Directors. She is…


Factoring industry anticipates income increase in 2004

Chile's factoring industry expects to post total profits of around 11bn pesos (US$18.1m) in 2003, with income forecast to jump…


Jacksonville export growth checked by misunderstandings; a lesson for...

Jacksonville works hard at developing export markets for US products that can be shipped through its port. But misunderstandings and…


Export Development Canada cash advance gets show on the...

Montreal-based Cirque Eloize is flying high with the help of pre-shipment financing, a financing product offered by Export Development Canada…

#bank#bank loan#exporters


US Bank offers SBA loan programme that invests in...

US Bank, in conjunction with the US Small Business Administration (SBA), is rolling out a new loan programme geared for…


Economy surged in Q3

The US economy surged in the third quarter, growing even faster than originally thought, according to government data released on…

#conference#GDP#interest rates


Calpia to become bank in January 2004

Finance company Calpia will become a bank in January next year according to Calpia general manager Silke Muffelmann. As a…

#bank#banks#insurance

Small business index up; 'very strong' Q4 likely

The National Federation of Independent Business' (NFIB) monthly index of small business economic indicators jumped 2.1 points in October to…

#GDP#small business#small businesses

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