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Factor collapses after investing in major clients

Miami-based factoring company E.S. Bankest collapsed this month with debts of at least $170 million, leaving creditors and clients asking, "Where did the money go, and who was keeping an eye on it?" In E.S. Bankest's case, that classic question...

Foreign investment inflow reaches Kc 1.27 trillion

The Czech Republic has attracted foreign investment worth Kc1.27 trillion (Kc127,000 per capita) the largest amount in central and eastern…


Shaping competitive and dynamic enterprises in an enlarged Europe

Experts from European governments and the private sector discussed the challenges facing small enterprises in Europe and presented their enterprise…


Ontario and Alberta to lead growth of small businesses...

Ontario and Alberta will foster the most growth in small businesses in Canada over the next five years due to…

#bank#CIBC#small business


Mandiri Bank to cut debt for SMEs

Shareholders of state-owned Bank Mandiri on Monday (29 September) approved the bank's plan to grant Rp2,000bn (US$238m) debt retrenchment, mostly…

#bank#management#smes


NIS30 million state fund to give loans to small...

The new fund for loans to small businesses will begin operations in the next few days after the Knesset Finance…

#bank#recession#security


Growth surprise boosts Brown and raises interest rate fears

The UK economy grew twice as fast as previously thought in the second quarter of 2003, official figures have shown.…

#bank#Bank of England#Commerzbank


International accounting standards will apply to SMEs

Many smaller companies may be assuming that International Accounting Standards (IAS) will not affect them, but, according to the Institute…

#international#small business#smes


SMEs business slump continues into August

Small- and mid-sized enterprises (SMEs) are struggling with the worst business conditions this year, with the August indicator for SMEs…


Canara Bank in pact with SIDBI to co finance...

Canara Bank has signed a memorandum of understanding (MoU) with the Small Industries Development Bank of India (SIDBI) for co-financing…


Ultimate Finance says first year objectives met

From the period 10 January 2002 to 30 June this year, Ultimate Finance reported sales of Ј485,117, with a pre-tax…


Bank of New York and GMAC agree on settlement

The Bank of New York Company, Inc. (BNY) and General Motors Acceptance Corporation (GMAC) have agreed to a settlement regarding…

#bank#SEC

Parliament approves gradual decrease in corporate income tax

The Chamber of Deputies, the Czech lower house of parliament, has approved an amendment to the income tax cutting corporate…

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