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Whether Kmart Corp. should have paid several suppliers in the days after its bankruptcy filing has fuelled a legal fight between the retailer and one of its creditors. This week, a U.S. District Court judge in Chicago sided with creditor...
#bankruptcy#Paid
Two Royal Navy frigates will be setting course for a new lease of life in the Black Sea after a…
Following the decision today to keep interest rates on hold the CBI is calling on the Bank of England to…
#bank#Bank of England#British business
Fingerhut Direct announced today that it has negotiated a $100 million senior secured line of credit comprised of a revolving…
#acquisition#CIT#receivables
This month's survey revealed renewed weakness within the consumer service sector, with rapidly falling volumes of business and profitability, and…
The Department of Trade and Industry's Small Business Service (SBS) has announced a consultation into developing a US-style Small Business…
Gems and jewellery exports from India are set to get credit insurance in the current financial year. Global Trade Finance,…
#bank#exporters#exports
Global Trade Finance Pvt Ltd (GTF), receivables management and export-financing company promoted by Exim Bank of India, WestLB of Germany…
The protracted economic downturn and uncertainty over war in Iraq took a toll on lenders' attitudes last quarter, with most…
#bank#commercial finance#interest rates
Chile's central bank has authorised credit unions to request loans from foreign and local financial institutions as part of a…
Recent European legislation means that non-UK incorporated companies can be put into administration in the UK if they fulfil certain…
A spokesperson from Singer & Friedlander Factors Limited today told BCR that the company is to close in the next…
#Two
The Export Credits Guarantee Department (ECGD) will be lifting a burden on industry while maintaining its rigorous screening of projects…