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World Bank approves US$225m for development of African SMEs

The World Bank Group has approved US$225 million for the growth and development of small- and medium-scale enterprises (SMEs). The fund is to be disbursed over a period of three to four years. The bank expressed the belief that developing...

#bank#international#management

Judge says husband, wife executives of development firm guilty...

Citing the details of trial documents and witnesses' testimony, a federal judge declared on Friday (11 July) that the husband-and-wife…

#bank#Clear#Jobs


SMEs need the umbrella of insurance

Despite accounting for 78% of non-agri employment, small- and medium-size enterprises (SMEs) contribute only 35% of annual gross domestic product…

#insolvency#management#risk


Macao to give interest-free loans to SARS-hit firms

Nearly 80 per cent of small-and medium-sized enterprises (SMEs) applying for interest-free loans to weather the financial strains attributable to…


ECB hold interest rates steady

Speaking after the ECB held key interest rates steady at 2 per cent, Wim Duisenberg, European Central Bank (ECB) president,…


Crestmark Bank expands its invoice financing resources in Chicago...

Crestmark Bank has introduced Tim R. Bruckner as a new vice president (VP) and regional manager. Bruckner will be working…

#bank#financial services#invoice


Thailand to set up fund to boost SME competitiveness

After a meeting of the Thai competitiveness development committee on 10 July government spokesman, Sita Divari, said that the committee…


Euro Sales Finance backs Ultralife

Euro Sales Finance (Euro Sales) has just completed an invoice discounting deal with Ultralife Batteries (UK) Limited to help them…


UK interest rates cut to fifty year low

The Bank of England today (10 July) cut rates by a quarter point to 3.5 per cent, their lowest level…


The strong euro drags exports to Britain 45% down...

Exports are predicted to slump by an unprecedented Ђ18.7 billion this year because of the strength of the euro, the…

#economy#exporters#exports


NABE survey shows US business spending rising again

More than two years after clamping their wallets shut, American businesses have begun to boost spending again on facilities and…


Siew to propose increase in the government's Small and...

Former Premier Vincent Siew will make several proposals to President Chen Shui-bian today, with the focus on economic and financial…

National report on SMEs under preparation

Representatives of the Serbian Ministry of Economy and Privatisation (SMEP) and the European Commission (EC) talked on Wednesday (9 July)…

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