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Bank Leumi USA appoints three experienced factors to New...

Bank Leumi USA yesterday announced the appointment of three vice presidents, Mitchell Meth, Ralph Mascia, and Mary Ellen Bianco, to a new middle-market lending group headed by Scott Morello, first vice president. All three have similar backgrounds in factoring and...

#bank#CIT#exporters

First farm produce export credit insurance case settled

Shandong Zhucheng Foreign Trade Group Corporation (Zhucheng Foreign Trade), a leading poultry meat exporter, has received compensation of US$760,000 from…


Exchange 'slow to freeze Versailles'

London Stock Exchange regulators waited eight months before they suspended trading in shares of collapsed finance group Versailles despite being…


Job-creating firms to get big tax cut

Business start-ups that hire more than 10 employees will enjoy tax exemptions of up to 100 per cent over the…

#economy#interest rates#Jobs


SMEs should read up on finance, say investors

Entrepreneurs and growing businesses should research the different finance options on offer or risk missing out on crucial cash backing,…


Agencies in pact to offer consultancy to SMEs

The Institute of Small Enterprises Development (ISED) and British Executive Service Overseas (BESO), an international developmental agency in the UK…


Defendant acquitted in Versailles trial

The Serious Fraud Office (SFO) suffered a fresh blow to its credibility yesterday after Lorraine Jones, one of the two…

#bank#trade#Two


Creative import procurement and financing options

A high-profile presentation on creative import solutions by UAE-USA joint venture firm, Al Taasees, was opened in Dubai yesterday by…

#bank#exports#interest rates


Central bank rate cuts surprise market

The Monetary Council of Hungary's central bank MNB decided to cut its base rate by 25 basis points to 12.25…

#bank#exports#international


Industry upbeat about growth

Greek industry has prospects for dynamic growth in the post-2004 environment, mainly due to extensive restructuring, which has enabled it…


COFACE Algeria’s first credit insurer – BNA

BNA Finances, published by the National Bank of Algeria (BNA), has named COFACE as the first credit-insurer operating in Algeria.…

#bank#guarantee#guarantees


Ј26m funding package spells a bigger, better Bibby

Bibby Financial Services has secured Ј26m of funding to boost its UK operations and to drive its international expansion. The…

New VAT rates to be applied from May 1

The Parliament adopted changes to the VAT law yesterday. According to the law, the reduced VAT rate of 5 per…

#interest#interest rates#leasing

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