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ECB leaves interest rates unchanged

Outgoing European Central Bank (ECB) president Wim Duisenberg scolded Europe's governments on Thursday over their bloated budget deficits as the bank left interest rates unchanged at postwar lows. Duisenberg, who will hand over the post to French central bank chief...

Mbeki's India visit holds promise for SMEs

Small and medium enterprises (SMEs) in India and South Africa will benefit from a preferential trade agreement expected to be…


Chancellor and Prime Minister fail to win over small...

The two main speakers at the Labour Party Conference left small business representatives reserving judgement on whether the future policy…


Dr Kбroly Martinkу announces launch of AKKORD VF receivables...

A new Hungarian receivables finance company, AKKORD VF Venture Finance, has been launched by Dr Kбroly Martinkу. Until last January…


Nafin and Bancomext to merge

The state credit organization (Nafin) and National Foreign Trade Bank (Bancomext) will merge this month in a move aimed to…

#bank#Paid#smes


Commercial lenders predict the economy will improve during first...

Commercial lenders across the nation believe the economy will continue to slowly improve during the first half of 2004, but…

#commercial finance#management#small businesses


Capital Factors allege misrepresentation of Cosmopolitan Gem Corp’s account...

Jewellery-store chain Friedman's Inc. said Thursday (2 October)the U.S. Justice Department is investigating a dispute over accounts receivable. Nearly three…

#account receivables#receivables


CIT Commercial Services acquires US factoring assets from GE...

CIT Group Inc. announced today that its Commercial Services business unit has acquired a substantial portion of the U.S. factoring…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


Company fraud legislation is 'failing' as more than half...

Financial and legal experts have warned that the government's effort to halt the rising tide of business fraud is failing…


Businesses continue to trust in the economy

Positive news was received on Tuesday (30 September) regarding the Finnish economy. Businesses expressed firmer confidence in the future in…

#economy#European Commission#GDP


Bank-owned factoring subsidiary integrates with parent

Century Business Credit Corporation, one of the largest bank-owned factoring companies in the world, has changed its name to Wells…

Funds not reaching local small businesses

The reluctance of some banking institutions to facilitate the use of the lines of credit made available through the Central…

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