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Central bank lowers intervention rate

Romania’s central bank board has decided to lower its intervention rate by 0.06 percentage points to 20.19% in a move to control inflation. “The measure is in line with the central bank’s strategy drafted in early August aiming to lead...

#bank#inflation#trade

Only one bidder for Konzumbank

The sole offer for Konzumbank, made by the Hungarian Foreign Trade Bank Rt (MKB), was unanimously accepted by the board…

#bank#interest#smes


Sharp rise in number of small business failures

The number of small businesses going bankrupt is set to hit the highest level in a decade, the Conservative party…

#bank#Bank of England#regulation


Barclays confirms a review of its Hastings factoring operation

Barclays confirmed yesterday that it has begun a review of its Hastings-based factoring operation, which employs 350 people. It said…

#Jobs#trade#WHO


ECGD's comprehensive guide for UK exporters is published

The latest issue of Global Exporter, which gives an authoritative overview of the world’s export markets and the support the…

#emerging markets#exporters#exports


Davenham appoints Southern Regional Director

Andy Dimmock has been appointed southern regional director of Manchester-based Davenham Group with immediate effect. Commenting on his new role…

#commercial finance#funding#i


Coface signs partnership agreement with Ping An, China's second-largest...

Coface Group, a world leader in export credit insurance and commercial risk management, has signed a partnership agreement with Ping…

#bank#guarantees#international


Making the most of globalisation

The Danish economy is missing out on billions of euros in growth potential, because Danish companies have failed to make…

#economy#exports#trade


World Bank approve $3bn aid for economic growth and...

The World Bank board have approved an aid strategy for Ukraine in 2004-2007, envisaging loans of up to $3 billion,…

#bank#trade#World Bank


Wells Fargo reports record third quarter net income

Wells Fargo & Company reported that third quarter net income was a record US$1.6 billion in 2003, up 8 per…

#bank#financial services#trade


Sterling Bancorp announces record results for third quarter of...

Sterling Bancorp (Sterling), a financial holding company and the parent company of Sterling National Bank, has reported record results for…

#bank#interest rate#leasing


Indonesian government hopes to double exports to Eastern Europe...

The Indonesian government predicts the country's exports to 10 Eastern European countries will double after their accession to the European…

#banks#exporters#exports

RBS Commercial Services’ bad debt protection

More and more businesses using invoice finance are protecting themselves against bad debt caused by the failure of one or…

#bank#international#invoice

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