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global trade

FIM Bank acquires 38.5 per cent stake in GTF

First International Merchant (FIM) Bank has acquired 38.5 per cent stake in Global Trade Finance (GTF)-26 per cent of the stake from WestLB AG and 12.5 per cent of the stake from International Finance Corporation (IFC). FIM Bank plans to...

#bank#global trade#international

Absence of a clear legal framework hampers factoring industry

Total factoring turnover in India increased to US$1,427m in 2003, from US$1,367m the year before, according to the global industry…

#bank#global trade#international


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 sees domestic factoring potential following stake increase in...

Exim Bank of India will raise its stake in Global Trade Finance (GTF) from 35 per cent to 40 per…

#bank#exporters#global trade


BoM to pick up IFC's 10% stake in Global...

Bank of Maharashtra says that it is interested in picking up International Finance Corporation's (IFC) 10% stake in Global Trade…

#bank#Exim Bank#global trade


Syrian textiles, apparel producers in a tangle

The textile and apparel sector is tied to the state's monopoly in ginning and exposed simultaneously to an indiscriminate marketplace.…

#exporters#exports#global trade


Private consumption will continue to sustain economic growth

In its latest review of business conditions, the Ministry of Finance has raised Finland's growth forecast for the end of…

#exports#GDP#global trade


Major Exim policy package aims at service sector, US$80bn...

In a watershed Exim policy, government announced a major package for exports of services, special focus on high growth sectors…

#exports#global trade#software

GTF Targets Export Factoring Business Worth $200m

Global Trade Finance Private Limited (GTF) is looking at doing export factoring of $200 million and forfaiting business of $20…

#bank#exporters#global trade

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