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Small- and medium-sized enterprises (SMEs) are vital to the EU economy and high-quality, transparent financial reporting is important for them to gain access to finance and for better decision-making. International financial reporting standards (IFRS), however, remain inappropriate for their needs...
Banco de Chile has posted net income of 130bn pesos (US$220m) for last year, up 146% compared to 2002 on…
#bank
The State Bank of India (SBI) is close to completing a search for strategic foreign partners for its factoring, asset…
Direct investment in fixed assets at Russian companies increased 12% in 2003 to US$72 billion, according to early figures. Foreign…
#exports#investment#trade
Foreign direct investment (FDI) in Lithuania rose 3% in 2003 to 13.6 billion litai (LTL), according to the Lithuanian Statistics…
#investment
Stelco, Canada's largest steelmaker, announced yesterday that it will seek bankruptcy protection as part of efforts to restructure its money-losing…
#bankruptcy#CIT#commercial finance
Last year was very interesting in the South African (SA) debtor financing industry, which continues to be extremely dynamic. The…
#economy#financial services
A new Germany-based company will soon join the local banking sector when it opens the first Mexican office of Deutsche…
Commerzbank is considering kicking off the long-awaited consolidation of the German banking market with an acquisition of regional bank Schmidtbank.…
Mexico's financial leasing companies should issue 12bn pesos (US$1.09bn) in new loans in 2004, up 71% from an estimated 7bn…
Federal Reserve policy makers unexpectedly dropped a commitment to hold interest rates low “for a considerable period” while voting to…
The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export…
The latest quarterly report from the Tenon Forum, an independent think tank made up of leading entrepreneurs from the UK's…
#economic recovery#forum#smes