Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer financial strength ratings on Germany-based Gerling-Konzern Allgemeine Versicherungs-AG (GKA) and Gerling-Konzern Lebensver
If working capital were to be renamed "waiting capital", perhaps a revolution of comprehension and corrective action might follow.
Hermes Kreditversicherungs-AG, the German insurance group, has dealt a blow to Spar, the retail group, by increasing the deductible contribution to advance credit insurance paid by the group's suppliers, to up to 45 per cent.
First Quantum Minerals Ltd said a final feasibility study for its US$163.4m Kansanshi copper-gold mine in Zambia sees copper cathode output at 60,000 tonnes a year for the first three years.
After several months of price and inventory decline, a cyclical upturn in some economic sectors could provide the basis for more sustained recovery in 2003.
The European Central Bank (ECB) kept its powder dry yesterday, holding interest rates steady at 2.75 per cent, but made clear it might have to use its ammunition soon as risks to eurozone growth mount.
The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage point to 3.75 per cent, the lowest rate since 1955 and the first change for 15 months.
Company directors in financial services companies are attaching growing importance to the value of intellectual property, even though current accounting standards do not normally allow them to account for the value of intellectual property and oth
Fitch Ratings, the international rating agency, has today affirmed the 'AA' Insurer Financial Strength rating (IFS) of Coface S.A., the head entity of the Coface Group.
A report by Moody's Investors Services, last year confirmed the UK and Ireland as the biggest player in the European structured finance market with Ђ59bn of issuance volume.
