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Canadian rates. (Credit Briefings).
The Bank of Canada kept rates at 2.75% at its January meeting but warned that higher inflation may prompt it to raise rates before June, when ...
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- Canadian rates.(Credit Briefings)(Brief Article)
- Magazine article from: Business Credit Hansen, Fay April 1, 2004 700+ words
CANADIAN RATES. On March 2, the Bank of Canada cut its key overnight rate by 25 basis points to 2.25%, in the second rate cut this year...
- Consumer credit.(Credit Briefings)(Brief Article)
- Magazine article from: Business Credit Hansen, Fay November 1, 2004 700+ words
U.S. consumer credit dropped an annual rate of 1.4% in August, the largest decline in six years. Revolving credit fell sharply while nonrevolving credit registered slow growth. Fay Hansen is a business and finance writer based in Cresskill, NJ.
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India's GDP rose at an annual rate of 7.4% during the second quarter off 2004, with strong manufacturing and service sector growth compensating for slower agricultural growth. Although the second quarter rate was slower than the first quarter's 8.2%, India's economy will record an exceptionally
- Turkey Rises. (Credit Briefings).(Brief Article)
- Magazine article from: Business Credit February 1, 2003 700+ words
Coface the French rating agency, placed Turkey's C rating on its positive watch list in December 2002. noting that the economy is recovering faster than expected and the inflation trend is better than the objectives targeted by the government. The new administration elected in November 2002 by a
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- Magazine article from: Business Credit February 1, 2003 700+ words
Inflation is stable at 2.1% in the 15 EU member nations, but ranges widely in the 10 acceding countries, with rates as high as 7.0% in Slovenia and as low as -0.9 in Lithuania. Among the major acceding countries, the inflation rates are: Poland -1.3%; Czech Republic -0.2%; Estonia -3.1%; and
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- Magazine article from: Business Credit February 1, 2003 700+ words
Intense price competition from overseas is challenging Mexico's maquiladoras. New NAFTA regulations and rising real wages are pushing manufacturers to shift work to cheaper locations in China and Southeast Asia Mexico will have to shift resources to higher value-added manufacturing to support its
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- Magazine article from: Business Credit Hansen, Fay March 1, 2004 700+ words
India raised the ceiling on foreign investments in January to attract more capital into the rapidly growing economy, The government increased the limit on foreign investment in banks to 74%, up from 49%,and removed limits on foreign oil and gas exploration. The cap on foreign investment in
- European hit.(Credit Briefings)(Brief Article)
- Magazine article from: Business Credit Hansen, Fay March 1, 2004 700+ words
European companies are taking a serious hit from the high euro. The euro is now up 20 percent over the dollar from a year ago and more than 50 percent from its October 2000 low. Volkswagen lost $1.5 billion from unhedged currency swings in 2003. Peugot Citroen projects 2004 loses of $750 million