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Business investment declines but is expected to rise again

Polish companies' aggregate investment levels continued to decline in the first six months of 2003, dropping 2.2% to PLN 21.8 bn, but the official Central Statistical Office (GUS) underscored that the situation is improving and investment could rise in the...

#investment#investments#poland

Resona Holdings to integrate factoring units in move to...

Resona Holdings Inc. decided on Tuesday (26 August) to reduce the number of its subsidiaries and affiliates to one-fourth the…

#bank#conference#international


National bank criticised for cutting interest rates

Head of Norway's national bank, Svein Gjedrem, is criticised after another severe cut in interest rates on Wednesday, 13 August…

#bank#inflation#interest


Key interest rates cut by 1%

The Reserve Bank said on Thursday (14 August) it was cutting its key repo rate by 100 basis points to…

#bank#banks#inflation


Italy slides into recession

Italy has slipped into a recession for the first time in 11 years, the government reported after studying the effects…

#economy#GDP#recession


SMEs see no way out of the trading gloom

Small- and medium-sized manufacturing companies (SMEs) see no end to the difficult trading conditions of the past six years. In…

#economy#interest rates#smes


Measures to protect tequila SMEs to be enforced from...

In a measure to support the small- and medium-sized enterprises (SMEs) in the tequila and the agave-tequila productive chain, the…

#international#regulation#smes


Eurofactor turnover down in first six months

Eurofactor, a strategic division of the Allianz group, suffered a steep fall in commissions received in the first six months…

#3M#Allianz#interest


Taageer Finance lease and factoring income doubles in first...

Taageer Finance Company SAOC, the youngest non-banking finance company in Oman, reported a 2.7 times jump in its net profit…

#bank#investment#leasing


Vietcombank provides US$32 million for SME loans

The Viet Nam Foreign Bank (Vietcombank) has pledged about US$32 million in loans this year to help small- and medium-sized…

#bank#risks#SME loans


Credit insurance to grow 30% this year

Credit insurance premiums in Chile are set to grow 30% this year, reaching US$15.6 million compared with last year, according…

#insurance#international#Two


Judge says husband, wife executives of development firm guilty...

Citing the details of trial documents and witnesses' testimony, a federal judge declared on Friday (11 July) that the husband-and-wife…

#bank#Clear#Jobs

Commercial Factors of Cleveland were victims of US$500,000 receivables...

Troy Parker, and Kristine Parker, were indicted by a federal grand jury in Cleveland on charges of conspiracy, mail fraud…

#receivables#Two#WHO

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