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Toprak Factoring joins Altэnbaю group

Toprak Factoring A.Ю., which was taken over by the Banking Regulation and Supervisory Agency (BRSA) in 2001, has announced that an 83% stake in the company has been sold to Altэnbaю Holding A.Ю., a group of companies operating in the...

#bank#banks#investment

Confidence muted but renewed

As with most outlooks for venture capital in 2004, there is renewed optimism for the start-up and early-stage sectors, although…

#bank#funding#management


Company liquidations fall by 16 per cent

Creditors' voluntary liquidations fell by 16.6 per cent in 2003, according to Experian®, the leading business information company in Ireland.…

#insolvencies#insolvency


FDI in the world

Foreign direct investment (FDI), an indicator of the progress of globalisation, remained flat at US$653 billion in 2003, down from…

#economy#investment


Central Bank lowers refinancing rate

The Central Bank of Russia has lowered the refinancing rate to 14% from 16% as of 15 January. The Central…

#bank


Weak dollar squeezes small US importers

Since hitting its lowest point in November 2000, the euro has shot up by more than 50 per cent against…

#exports#interest rates#international


Coface optimistic about UK trading prospects in 2004

Steady growth, combined with dynamic public and private spending has prompted Coface to remove the UK from its negative watchlist.…

#bank#Bank of England#exporters


Parmalat enquiry finds securitisation of false invoices

Prosecutors investigating the collapse of Italian food group Parmalat yesterday seized documents from Archimede Securitization, a unit of Italian factoring…


Government to support small enterprises

The Greek government has earmarked Ђ145.6 million (US$186.2m) to support Greece's small- and medium-sized enterprises (SMEs) as a second phase…

#economy#smes


Sale of receivables facilitates debt guarantee

Fitch Ratings has upgraded and removed from Rating Watch Positive Transamerica Finance Corp.'s (TFC) senior debt to 'AA-' from 'A'…


Kuwait firm to pick up 14% stake in Oman...

Global Investment House, one of the leading investment majors in Kuwait, which is listed on the Kuwait Stock Exchange, will…


Government keeps door open to Bancomext-Nafin merger

Mexico's government has kept the door open to a possible merger involving Ex-Im bank Bancomext and small business development bank…

#bank#banks#small business

London Scottish factoring profits increase

London Scottish Bank, parent of London Scottish Invoice Finance Ltd (formerly Isis Factors plc and Sygnet Invoice Finance Ltd), has…

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