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Tour operator in administration cites credit factoring

Shares in the Italian tour operator Compagnia Italiana Turismo (CIT) plunged 10.36 per cent yesterday in Milan on the news that the Paris commercial court has put the group's French subsidiary, CIT Voyages, in administration with an observation period of...

Economic recovery slows

Japanese economic growth fell far short of expectations in the past quarter, new figures showed on Friday, casting doubt on…


Hong Kong banks’ prime rates decisions

Hong Kong banks chose to keep their prime rates or lending rates steady, resisting pressure set by the hike in…


First Business Financial Services, Inc. announces plans for future...

First Business Financial Services, Inc. has announced plans to file as a public company with the Securities and Exchange Commission…

#bank#commercial finance#financial services


Sociйtй Gйnйrale to reorganise European factoring subsidiaries

Sociйtй Gйnйrale, the French banking group, says it plans to coordinate its European factoring activities, creating a "federation" of factoring…

#bank#financial services#international


Bank of England signals rates are near peak

The Bank of England has signalled that interest rates are near their peak, suggesting that only one or two more…

#bank#Bank of England#GDP


Ghana announces Italian 10 million euro SME fund

Mr Kwamena Bartels, the Minister for Private Sector Development, announced the launch of a Ђ10 million Italian Government credit facility…

#acquisition#economy#management


Exim Banks in business alliance pact

The Export-Import Bank of Korea (Exim Bank), the country's state-run trade bank announced yesterday that it has signed a business…


Ex-Im Bank authorises US$600 million to support exports to...

In the first three quarters of fiscal year 2004, ending 30 June 2004, the Export-Import Bank of the United States…

#bank#exporters#exports


Businesses must ensure they protect against non-payment when exporting

Fortis Commercial Finance says preparation is essential for fast-growing businesses. In the last few years there has been a huge…

#bank#commercial finance#International Trade


New regional managing director for Cattles Invoice Finance

Cattles Invoice Finance has strengthened its northern team with the promotion of Wayne Smith to regional managing director for the…

#invoice#management#risk


New board director for Venture Finance

Venture Finance, a leading invoice and asset-based financier, has announced the promotion of Sandeep Nighoskar to its Board. Sandeep’s new…

#i#international#invoice

Ex-Im Bank launches new foreign dealer insurance product

The Export-Import Bank of the United States (Ex-Im Bank) has introduced a new type of insurance policy that covers financing…

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