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Executives at GM Acceptance Corporation, the financial arm of General Motors, are considering suing Bank of New York (BoNY) in an attempt to reduce the US$1.8bn price the group paid for the bank's commercial lending unit in 1999. Four years...
#bank#CIT#commercial finance
Many small firms still view factoring or discounting with “unwarranted” suspicion, says John Twigg, chief executive of small business advisor,…
#bank#interest#small business
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, and Zurich Emerging Markets Solutions, the…
#bank#emerging markets#international
City Invoice Finance has reported a pre-tax profit of Ј479,835 for the year to 31 December 2002, an increase of…
Enterprises are to be offered soft loans carrying an interest rate one-third of the commercial rate to export goods prioritised…
#exporters#interest#interest rate
Under 2004’s trade development plan, the year’s exports are expected to net around $21bn, a rise of 8.8% compared with…
#Boost#exporters#exports
Economy Secretary Fernando Canales Clariond acknowledged yesterday that, with the exception of the Yucatan peninsula, the country's south-southeast region registered…
The Central Board of Excise and Customs (CBEC) has issued a directive to "break the communication wall, if any, between…
China's top leaders have announced plans for changes to the constitution intended to promote economic development, making public a process…
Dedicated to meeting the cash flow needs of small- and medium-sized enterprises (SMEs), SME Invoice Finance (SMEIF) has announced the…
#banks#cash-flow#invoice
Members of the International Factors Group (IFG) have voted Eurofactor UK Limited number one Import Factor for customer service. Jan…
#conference#international#management
The second appeal for recommendations of projects within the non-reimbursable financing plan for small- and medium-size enterprises (SMEs) was launched…
#European Commission#Jobs#smes
Exporters suffered another drop in trade with countries outside the EU in June, according to figures released yesterday by the…
#exporters#exports#international