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Bank of England leaves rates on hold

The Bank of England left interest rates unchanged at 3.5 per cent on Thursday (9 October), an apparent sign it wants to see more evidence of a recovery before lifting rates from their 48-year low. Almost all City economists had...

Exports to Europe lowest in four years

Britain's exports to the rest of the European Union fell to their lowest level in more than four years in…

#bank#Bank of England#exporters


Factoring to attract VAT in amendments to Act

A VAT Act amendment has passed into law that will increase VAT rates for selected services as of 1 January…

#debt collection#financial services#receivables


Sovereign rating rise to boost investment in few months

Russia could see a significant inflow of investments in just a few months because of the raise in its sovereign…

#Boost#investment#investments


Rise in CPI is good news for economy

A rebound in the consumer price index (CPI) in August has encouraged economic researchers to confidently predict that the Chinese…

#bank#Bank of China#banks


Scottish SMEs receive Ј4m boost from Bank of Scotland...

Scottish SMEs received a major funding boost yesterday with the launch of a new Ј4 million investment pot. The fund,…


EBRD grants Alpha Bank Romania loan facility for SMEs...

The European Bank for Reconstruction and Development (EBRD) has granted a Ђ10 million loan facility to the Alpha Bank Romania…


Professional Staff completes public to private equity deal using...

Professional Staff Ltd, the international staffing and recruitment specialist has completed a public to private equity deal, using an 'industry…

#commercial finance#funding#international


Industry trends survey reveals desire for factoring services and...

The findings of the recently announced Industry Trends Survey (ITS) are not as upbeat as those in the preceding edition,…


Japan's megabanks to begin factoring Chinese receivables

In December, Mizuho Corporate Bank, a unit of Mizuho Financial Group Inc, will begin buying Chinese receivables from Japanese companies…

#bank#banks#receivables


US$12m loan agreement with ADB for SMEs

Federal Secretary of Industries and Production, Javed Ashraf Hussain, said yesterday (7 October) that Pakistan was negotiating a US$12 million…

#ADB#Asian Development Bank#bank


Medallion granted Bank Charter approval

Medallion Financial Corp, a speciality commercial finance company with a leading position servicing the taxicab industry and small business commercial…

'Thai Town' planned to offer only quality SME goods

The community bond among Thais living in Sydney is about to be strengthened by a project to set up a…

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