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Artikos Chile, a company formed with a US$9mil investment by Banco de Chile and BCI (Banco Credito e Inversiones), is planning to develop in the next two years a US$4m business and reach more than 3,000 clients. The site will operate among B2B companies offering aggregated value services. Its main objective is to produce significant savings in the participating companies buying and selling processes, at the same time as it increases its business, entering new markets and using high technology.
14/09/2001
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Sterling National Bank, the principal banking subsidiary of banking and financial services company, Sterling Bancorp, today announced the launch of a new initiative in the international trade services sector. As part of a strategic plan to extend its reach in the trade services sector, the bank has obtained regulatory approval to establish Sterling National Asia Limited, its new trade service company in Hong Kong. This facility enables Sterling to provide enhanced service to its clients who actively trade with Asia.
12/09/2001
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Intuit Canada Limited, the Edmonton-based provider of e-finance solutions, together with the one-stop financing shop, Alliance Financing Group Inc., announced today a strategic relationship that will benefit small business owners in Canada, by expanding their lease and loan financing options.
Intuit (NASDAQ symbol INTU) is a leading developer of small business and personal financial software and solutions. Alliance Financing (CDNX symbol YFG) provides financing solutions for small-to-medium-sized enterprises (SMEs).
12/09/2001
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European business leaders are scared. For all the brave words and fine talk that the worse may soon be over, industrialists and bankers gathered last weekend at their annual get together on the banks of Lake Como did little to disguise their overriding pessimism.
"Economists may be pragmatic and sober but the financial markets have gone out of control," said a Paris-based investment banker.
The signals from around the world suggested that industry had to brace itself for "not an easy season".
11/09/2001
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"There is some anecdotal evidence that use of the euro is increasing a little," says Leslie Gunde, associate director at the professional services firm, KPMG. "But there is no question that the move has been much slower than might have been expected."
Yesterday, the Lloyds TSB Business in Britain survey found that 63 % of British exporters were still not invoicing in euros -a fall of only 6 percentage points from last year's survey.
11/09/2001
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Global Trade Finance Pvt Ltd, the factoring joint venture company of Exim Bank of India, WestLB (Westdeutsche Landesbank Girozentrale) of Germany and IFC, Washington, is expected to begin operations in the next ten days.
11/09/2001
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HBOS, the bank formed by the merger of Halifax and Bank of Scotland, is to recruit hundreds of staff in an attack on the small business banking market in England and Wales, currently dominated by the “Big Four” high street clearers.
The new bank, which makes its debut on the London stock market today, will put small business bankers in Halifax branches, backed up by call centres and processing operations north of the border, using the Scottish bank's expertise.
10/09/2001
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Managing Director, Ian Clark, discusses company performance and future plans
The Brentwood-based company Aston Rothbury Factors Limited has recorded turnover of Ј1,986,881 for the fifteen month period ended 31 March 2001, which compares with turnover of Ј1,300,890 for the year ended 31 December 1999.
Profits before tax were also greater for the fifteen month period ended 31 March 2001 than for the previous financial year, with figures of Ј218,300 and Ј160,997 respectively.
07/09/2001
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Silverburn Finance UK Ltd have released an abbreviated set of accounts for the year ended 31 January 2001. The results show that the company’s net current assets have risen from Ј1,188,211 in the year ended January 31 2000 to Ј1,475,438 in the year ended 31 January 2001. Silverburn has also recorded an increase of 6.93% in the amounts of current assets due from debtors on the previous year, climbing from Ј1,118,211 in the year ended 31 January 2000 to Ј1,475,438.
06/09/2001
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The Paris-based credit insurer and international financial services group, Euler, has recorded a dramatic acceleration of the amount of its total net income from its interest in factoring operation, Eurofactor. Whilst the contribution of credit insurance to net income slipped from 56.8m in the first six months of 2000 to 52.9m for the corresponding period this year, factoring, the group's other main activity, increased its contribution from 0.7m to 5.2m.
BCR Publishing
06/09/2001
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Research carried out by the Credit Management Research Centre (CMRC) has revealed that credit management techniques practiced by small businesses throughout the UK are improving.
05/09/2001
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More than one in three small business owners (35%) plan to expand their business in the next three months, more than ten times the proportion that expect to downsize, according to the latest research from Alliance & Leicester, the new force in business banking.
At a time when fluctuating levels of high street spending and unemployment from larger companies in the manufacturing sector have fuelled fears of an impending recession, the latest findings suggest that few small businesses are bracing themselves for a difficult autumn.
05/09/2001
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Small Business Minister Nigel Griffiths today gave the green light to Ј14.5 million in grants to 46 new projects which aim to support thousands of budding entrepreneurs in deprived areas.
The Phoenix Fund, run by the Small Business Service, supports organisations in England that are seeking to develop new and imaginative ways of helping people in disadvantaged communities set up and run successful enterprises.
05/09/2001
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04/09/2001
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Lloyds TSB Commercial Finance Ltd, has strengthened its research team by appointing Sophie Finch as its new market research executive.
Sophie's appointment closely follows that of Charles Parker, who joined the marketing team earlier in the year. The growth of the team reflects continued commitment to understanding changes within its market and the demands of clients.
03/09/2001
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