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Export credit insurer predicts increased market share and diversification

The Export Credit Guarantee Corporation Of India expects service exports to account for at least 15 to 20 per cent of its total business in the next two years. Service exports at present contribute less than 5 per cent of...

#emerging markets#exporters#exports

Credit Agricole and Credit Lyonnais get green light to...

France's main banking regulator approved a Ђ19.5bn (US$21.2 bn) merger between Credit Agricole and Credit Lyonnais on condition the banks…

#bank#banks#Credit Agricole


Latest business failures analysis and 3 year forecast gives...

The number of business failures is poised to reach 70,000 over the next three years as a downturn in consumer…

#capital requirements#international#management


Insurer reported to have cancelled coverage on US Foodservice...

Underwriter Euler American Credit Indemnity has notified policyholders it will no longer insure their accounts receivable on business done with…

#insurance#receivables#risk


Coface results show big drop in income; remedial action...

Coface saw a pattern of business last year opposite to that of 2001, with a second-half better than the first.…

#3M#guarantee#information systems


S&P cuts Gerling’s ratings to 'BB+' and keeps them...

Standard & Poor's Ratings Services said today it lowered to 'BB+' from 'BBB' its long-term counter party credit and insurer…

#DEC#insurance#management


Potential Finance move into the black

Potential Finance Ltd’s financial report for the year ended 30 September 2003 shows that the company is beginning to make…

#management#risk#risk management


Government proposed changes to the law will impact factors

The Mexican government will propose modifications to the Auxiliary Credit Organizations Law over the coming months, which would apply to…

#leasing#risk#Vice president


Coface reduces exposure 15%

Coface, the French credit insurance specialist, has reduced its exposure to Brazil by 15% to US$1.08bn, daily Valor Economico reported.…

#AIG#banks#emerging markets


Bank of England cuts rate while ECB holds firm

The Bank of England yesterday surprised the markets by cutting its primary interest rate by a quarter of a percentage…

#bank#Bank of England#interest rates


Numerica business recovery group awarded ISO 9001: 2000 accreditation

Business services group Numerica Group plc today announced that, following an audit by the International Standards Organisation(ISO), its ISO 9001…

#international#management#risk


Legislative change increases credit insurance importance to creditors

Recent changes to the Companies Act could reduce the chances of creditors getting paid when debtors go into liquidation, Credit…

#guarantee#insurance#Paid

Government allocates P30bn for SMEs

Malacanang is planning to grant P1 million for each town in the Philippines as part of its P30 billion lending…

#banks#risk#SME lending

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