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GMAC posts net loss of USD2.3bn

GMAC Financial Services reported a 2007 fourth quarter net loss of US$724m. (more…)

#financial services#funding#insurance

Platinum Funding Group announces landmark legal decision

Platinum Funding Group announced a recent decision by Judge Shira A. Scheindlin of the Southern District of New York in…

#funding#investments#Letters of Credit


Cisco sets up Euros 30m venture capital fund for...

US network equipment maker Cisco Systems and venture capital company 3TS Capital Partners are setting up a 30m venture capital…

#investments#smes#Two


YTL 628m in incentives to SMEs

The Turkish Treasury has approved 674 applications for new investment projects. (more…)

#investment#investments#Jobs


Eurokommerz increase market share

Deloitte and Touche reported that Eurokommerz Commercial Finance experienced substantial growth in H1 2007. (more…)

#commercial finance#Deloitte#investments


IFS targets RM100m from factoring

Financial services provider IFS Capital (Malaysia) Sdn Bhd is targeting RM100m from its factoring business and RM30m from industrial hire…

#bonds#corporate finance#financial services


RM140m fund to help SMEs expand businesses

SME Growth Acceleration Fund Sdn Bhd (SGAF), a special purpose venture capital company set up to assist small- and medium-sized…

#bank#economy#investments


Banks pump hundreds of millions of euros into SMEs

As the market of funding for the SME client segment took off in 2006, several players in the system introduced…

#bank#banks#funding


MFB approves loans worth Ft 270bn this year

The state-owned Hungarian Development Bank Zrt (MFB) approved loans worth more than Ft270bn by early December, the bank's management announced.…

#bank#investments#management


Israel Lands Development Co sells ICIC

Israel Land Development Company (ILDC), owned by the Nimrodi family, announced the completion of the  deal, adding that its net…

#insurance#investments#Two


EU raises SME venture fund limit

The European Commission raised the upper limit of venture capital financing small- and medium-sized enterprises (SMEs) to (more…)

#European Commission#investments#smes


Minister announces SME loan subsidy programme

Greek Development Minister Dimitris Sioufas announced a government programmeto subsidise interest rates on loans to small- and medium-sized enterprises (SMEs)…

#interest#interest rates#investments

EBRD investments up in Q1 as shift East and...

Loans and investments made by the European Bank for Reconstruction and Development (EBRD) rose 6.4 per cent in the first…

#bank#investments#Vice president

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