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Bank merger may hit the competition buffers

The Norwegian Competition Authority (NCA) has raised the real possibility of preventing a merger between finance giants DnB (Den norske Bank) and Gjensidige NOR. The potential partners disagree, foreseeing continuing competition in the market and advantages for customers. The NCA...

Lloyds TSB Commercial Finance is runaway leader in asset-based...

Lloyds TSB Commercial Finance (LTSBCF) has confirmed its position as the leader in the UK's booming asset-based funding market, following…

#bank#business finance#commercial finance


New programmes for small business on OPIC’s agenda

Stimulating economic development in Afghanistan is a priority for Overseas Privat Investment Corporation (OPIC), which has committed a $100 million…


SME development relevant and vital to Africa, said the...

Abdul Wahid Omar, chief executive officer and managing director of United Engineers (Malaysia) Bhd group, said at the just-ended Smart…

#GDP#international#small business


Peak in negative corporate warnings has passed, but fears...

Negative corporate warnings have reached their peak, according to figures released today by KPMG Restructuring. UK businesses recorded a total…

#economy#management


Siam General Factoring reports 127% rise in Q2 profit

Siam General Factoring reported a net profit of 28.9million baht for quarter two 2003, compared with 12.7million baht for the…


Coface interim turnover rises

Coface, the French credit insurance company, has posted an 11.5% hike in consolidated turnover, to Ђ551.5m, for the first half…


Hansa's Lithuanian leasing and factoring arm passes into Hansabankas'...

An agreement between Hansabankas of Lithuania and AS Hansa Capital that came into effect on 18 August 2003 transferred the…

#funding#leasing


Economy slides into recession

Germany's economy shrank by 0.1 per cent in the second quarter compared to the quarter before, the state statistical agency…

#confirming#economy#Jobs


Exports disappoint on weak US, Hong Kong and Japan...

Taiwan's exports and imports were both weaker-than-expected in July, casting a shadow over the peak pre-Christmas orders season as exports…

#exports#international


US$666m trade surplus in July

South Korea posted a trade surplus of US$666 million in July, keeping in the black for a fourth consecutive month…


Eximbank cuts interest rates three percentage points

Turkey's Export-Import Credit Bank announced a three per centage point cut in interest rates effective Friday, 15 August 2003. In…

National bank criticised for cutting interest rates

Head of Norway's national bank, Svein Gjedrem, is criticised after another severe cut in interest rates on Wednesday, 13 August…

#bank#inflation#interest

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