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APAC

Canbank Factors net profit up 14.5%

Canbank Factors Ltd, a subsidiary of Canara Bank, has recorded a net profit of Rs 5.2 crore for the quarter ended 30 September 2003, up 14.54 per cent over the corresponding period in the previous year. This performance comes on...

#bank

Rise in CPI is good news for economy

A rebound in the consumer price index (CPI) in August has encouraged economic researchers to confidently predict that the Chinese…

#bank#Bank of China#banks


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables


US$12m loan agreement with ADB for SMEs

Federal Secretary of Industries and Production, Javed Ashraf Hussain, said yesterday (7 October) that Pakistan was negotiating a US$12 million…

#ADB#Asian Development Bank#bank


Small business confidence rises

Japan's small business confidence rose in September to its highest level in three years, boosted by accelerating growth in the…

#bank#economy#GDP


Interest burden declines more for mid-sized companies

The effects of the steady decline in the interest rates have been sharply divergent for frontline companies (large and mid…

#economy#interest#interest rates


Many small firms unable to withstand downturn for three...

More than half of the chief executive officers (CEOs) of the country’s small and medium sized enterprises (SMEs) say they…


Mbeki's India visit holds promise for SMEs

Small and medium enterprises (SMEs) in India and South Africa will benefit from a preferential trade agreement expected to be…


SMEs business slump continues into August

Small- and mid-sized enterprises (SMEs) are struggling with the worst business conditions this year, with the August indicator for SMEs…


Canara Bank in pact with SIDBI to co finance...

Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing…


West Bengal Industrial Development Corporation to securitise asset portfolio...

Leading Indian and foreign banks, including Citigroup, Deutsche Bank, Syndicate Bank, ICICI Bank, and State Bank of India, have evinced…

#bank#Deutsche Bank#international


Industrial Bank of Korea to lend 1,000bn won to...

The Industrial Bank of Korea unveiled its plan yesterday (26 September) to provide a total of 1,000bn won ($865.8m) in…

#bank#bankruptcy#Clear

Interest rates remain steady to bolster nascent recovery

Taiwan's central bank held its benchmark interest rates steady in a bid to support Taiwan's budding recovery on Thursday (25…

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