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Jamaica to expand mobile network with EX-IM Bank-financed exports

Cable and Wireless Jamaica Limited (CWJ) is purchasing U.S.-manufactured cellular communications and equipment from Nortel Networks Inc., and eight other U.S. exporters, as part of a $173 million project, with the assistance of a $72.3 million, seven-year loan guarantee from...

#bank#emerging markets#exporters

TMM closes extra certificates under receivables securitisation programme

Mexican transport conglomerate Grupo TMM has closed a further US$25 million of certificates under a receivables securitisation programme, worth a…

#bank#commercial finance#receivables


New loan guarantee fund to back setting up of...

Prime Minister Costas Simitis has inaugurated a Ђ100 million public Loan Guarantee Fund for small- and very small-enterprises (SVSEs) employing…


Interest rate cut by 0.4%

Bank of Israel governor David Klein announced a 0.4 percent cut in the interest rates on 30 December, as was…

#bank#interest#interest rate


State aid for R&D favouring SMEs exempted from requirement...

As of 1 January 2005 the new definition of small- and medium-sized enterprises (SMEs) will be integrated into the Commission…


HSBC Bank USA sells U.S. factoring assets

"HSBC's decision to exit the domestic factoring business was made as a result of our new strategic plan's emphasis on…

#bank#CIT#CIT Commercial Services


Hermes considers action to recover debt from Russian bank

Germany's Euler Hermes Kreditversicherungs (Hermes) credit insurance agency plans to sue bankrupt commercial bank Inkombank to recover past debts from…

#bank#bankruptcy#Commerzbank


UK secures higher OECD environmental standards for scrutinising capital...

More stringent environmental standards for assessing capital goods exports will come into force following a successful campaign by the UK’s…


Entrepreneurs recruit Cattles Invoice Finance

Hull-based recruitment firm, The PSR Group, has undergone a management buy-out (MBO), led by Aisling Murray and Jayne Beardshaw with…

#cash-flow#funding#invoice


Central bank to keep rates stable; pledge of greater...

The central People's Bank of China's (PBOC) monetary policy committee has opted to maintain a prudent monetary policy stance in…


Small business economic indicators rise

The National Federation of Independent Business's (NFIB) monthly index of small-business economic indicators increased by 1.3 points in November to…


A tale of overzealous central banks

An article by Desmond Lachman, a resident fellow at the American Enterprise Institute. In setting interest rates in a floating…

Shake-up for business support funds

The relationship between business and government is not easy at the best of times. But it has been particularly difficult…

#Funding Options#guarantee#MAS

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