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Credit insurer urges caution over payment risks

Credit insurer Coface said payment default risk in China is still low but traders need to be cautious and selective with buyers up north. The payment experience is generally good but one still needs to be cautious with China,'' Xavier...

#bad debts#credit risk#risk

GE Commercial Finance names new CEO

GE Commercial Finance Ltd (GECF Ltd), a leading UK provider of business finance solutions, today announced the appointment of Richard…


Two new heads of business development for Ex-Im Bank

Two seasoned financial and banking services executives have been named to head business development at the Export-Import Bank of the…


Factoring company obtains ISO 9001 certification

Compagnie Gйnйrale d’Affacturage (CGA), the wholly-owned factoring subsidiary of Sociйtй Gйnйrale has become the first factoring company in France to…

#debt collection#international#invoice


Government spurs exports with incentives

The South African government is keen to spur exports and it offers a variety of incentives. The Industrial Development Corp…

#exporters#exports#international


Export insurance and credit sources update

The Export Credits Guarantee Board (EKN) offers long-term financing; Svensk Exportkredit handles short-term financing. The EKN, which is 100% state…


Merger to be completed this year

Financial services conglomerate Grupo Security expects to complete the merger between its bank Banco Security and the Chilean subsidiary of…

#acquisition#bank#financial services


First foreign bank to have branches in China approved...

Approval has been received from the China Banking Regulatory Commission for seven of the nine branches belonging to the Hongkong…


Cancer 'lies' of Versailles fraud chief

Fred Clough, the disgraced finance director of collapsed trade finance house Versailles, lied to his board that he had cancer…

#banks#Goldman Sachs#trade


Prime Minister concerned about SME

"Dangerous tendencies" have been detected in the way the Russian economy is developing which demonstrate "numerous problems in providing for…

#economy#GDP#investment


SMEs are missing out on Europe

As the country begins to turn its attention to whether or not it approves of the EU's Constitution, concern is…

#forum#small business#small businesses


Slovakia gets Skk 32,1 million of new FDI in...

New foreign direct investment (FDI) in Slovakia amounted to Skk32.1 billion (Ђ802.5 million) in 2003, down by Skk150 billion on…

Credit anxiety looms for SMEs

Anxiety over credit problems in small- and medium-sized companies (SMEs) is increasing, as 67 per cent of loans to those…

#bank#banks#economy

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