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CBI and IoD welcome BoE interest rate freeze but...

Reacting to the Bank of England's decision to leave interest rates unchanged, CBI chief economic adviser Ian McCafferty said: "The MPC is right to leave interest rates unchanged after back-to-back rises in May and June. Business needs a breathing space...

#bank#Bank of England#inflation

BoE leaves rates on hold; manufacturers pleased but fear...

The Bank of England has decided to leave interest rates at 4.5 per cent for July. Rates were left unchanged…

#bank#Bank of England#inflation


Working capital finance is getting squeezed, says bank chief

One result of China's macroeconomic adjustments is working capital loans are being squeezed slightly more than investment loans, the head…

#bank#conference#guarantees


Interest rate decision reflects ‘wait and see’ approach from...

Signs of a slowing housing market and a looming federal election have kept Australian interest rates on hold for more…

#ANZ#bank#Clear


Alpha Bank reports 34pc increase in factoring

Alpha Bank, the Greek finance group and owner of the country’s largest factor – ABC Factors – has reported a…

#bank#smes


Bolero automates Letter of Credit service

Financial supply chain platform Bolero has extended its Web-based trade finance suite to incorporate Letter of Credit Advices. The service…

#bank#Bolero#digital


Largest independent factor targets low-cost import factoring

Canbank Factors, India’s largest independent factor by market share, is planning to offer import factoring in the country, as a…

#bank#global trade#L/C


Bank of Maharashtra eyes factoring business

The Bank of Maharashtra is set to enter the factoring and forfeiting segment, which is a new concept in India,…

#bank#insurance#international


St George Bank appoints head of Scottish Pacific Business...

St George Bank Ltd has appointed a new head of its Scottish Pacific Business Finance and Business Customers units. The…

#bank#business finance#invoice


BoE defends hawkish stance on interest rates

The deputy governor of the Bank of England yesterday sought to justify the Monetary Policy Committee's approach to raising interest…

#bank#Bank of England#inflation


Coface to cover Ђ100m French-Russian credit line

Coface, the credit insurer, has said it will insure a Ђ100m credit line for the financing of French exports to…

#bank#exports#guarantee


Russian bank to start factoring service in China

Russian banking group, Promsvyazbank, will open an office in China at the beginning of this month, the bank's Vice President…

#bank#Bank of China#conference

Country’s third largest factor receives ratings boost

Grupo Security, the financial services conglomerate and owner of Factoring Security, the third largest factor by market share in Chile,…

#bank#bonds#financial services

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