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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 on stronger exports, the commerce, industry and energy ministry said yesterday (16 August 2003). Exports rose 16.0 per cent year-on-year...

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


Corporate bankruptcies fall in July

The number of corporate bankruptcies in Japan plunged 23.7 per cent in July compared to the same month a year…

#economy#investment


Garment and textile exports, up 5.1 per cent in...

Outbound shipments of locally manufactured garments and textiles went up by 5.1 per cent to $1.39 billion in the first…


Alliance Bank programme for SMEs and SMIs

Alliance Bank, in collaboration with McFab (M) Sdn Bhd, has launched the Tradelink Purchasing Card Programme, aimed at helping small-…

#bank#smes


New financing line for SMEs

The Agency for Small and Medium Enterprises (SMEs) and Banca Commerciala Romana (BCR) signed a contract for a new financing…

#Paid#smes#WHO


Exports and consumer spending increase signal faster economic growth...

Surprising strength in U.S. exports and consumer spending reported this week suggest the economy grew faster last quarter than first…


Forced administration on Union pojistovna insurer, Prague

The Finance Ministry imposed forced administration on the Union pojistovna (UP) insurer in order to protect clients' interests. Union pojistovna,…


Germany's SME loan programme chooses China Merchants Bank

China Merchants Bank Co has been selected to be the conduit for a German government loan programme targeting small- and…


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…

#bank#banks#inflation


Federal funds available to small businesses affected by storms

Low-interest federal loans of up to US$1.5 million have been approved for small businesses affected by storms that swept across…

#interest#small business#small businesses

Draft Financial Reporting Bill is good news for SMEs

Small companies (with “(Pty) Ltd” after their names) may in future be allowed to present simplified, more easily prepared accounts,…

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