The simple process of collateralizing your accounts receivable creates working capital for an entrepreneur to sustain or grow his enterprise. Any firm that extends credit to customers within the industry can qualify to get cash against their accounts receivable.
When faced with slow paying customers, business … Read more…
S&P 500 rallies for week on Amazon, Expedia results
NEW YORK (Reuters) – U.S. stocks advanced on Friday and posted their best weekly gains in a month as stronger-than-expected earnings from Amazon.com and Expedia Inc reinforced confidence in corporate performance. Wall Street managed a fourth day of gains as the strong earnings season outweighed … Read more…
Cyprus president appoints new Central Bank chief
A British university’s financial economics professor was appointed Cyprus’ new Central Bank governor Saturday, as the eurozone member struggles to contain a stagnating economy and banking system roiling under heavy exposure to Greek debt.
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Suicides have Greeks on edge before election
ATHENS (Reuters) – On Monday, a 38-year-old geology lecturer hanged himself from a lamp post in Athens and on the same day a 35-year-old priest jumped to his death off his balcony in northern Greece. On Wednesday, a 23-year-old student shot himself in the head. … Read more…
Canada’s finance minister frets on housing, debt
TORONTO (Reuters) – High housing prices and household debt are Canada’s biggest economic concerns, Finance Minister Jim Flaherty said in weekend interviews that also warned of a crash in Toronto’s booming condo market and hinted at a crimped role for the government’s mortgage insurer. Speaking … Read more…
UK PM pressed to investigate ally over Murdoch bid
LONDON (Reuters) – Prime Minister David Cameron faced growing pressure on Saturday to launch a probe into the conduct of a minister criticized over his handling of a Rupert Murdoch television takeover bid, after a judge conducting a parallel inquiry refused to intervene. Cameron, enduring … Read more…
PM pressed to investigate ally over Murdoch bid
LONDON (Reuters) – Prime Minister David Cameron faced growing pressure on Saturday to launch a probe into the conduct of a minister criticised over his handling of a Rupert Murdoch television takeover bid, after a judge conducting a parallel inquiry refused to intervene. Cameron, enduring … Read more…
Clinton, Geithner Beijing trip going ahead: source
WASHINGTON (Reuters) – A trip to Beijing by the U.S. secretaries of state and treasury for talks on strategic and economic issues next week is going forward, a U.S. State Department source said on Saturday. “We’re going,” the source, who spoke on condition of anonymity, … Read more…
European firms keen but cautious over Myanmar: Ashton
YANGON (Reuters) – European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the EU, its foreign policy chief Catherine Ashton said on Saturday. The European … Read more…
European firms keen but cautious over Myanmar: Ashton
YANGON (Reuters) – European firms seeking to invest in Myanmar are unlikely to rush into business deals until more concrete reforms are put in place, despite a suspension of economic sanctions by the EU, its foreign policy chief Catherine Ashton said on Saturday. The European … Read more…
Romania’s junior party says to back new government
BUCHAREST (Reuters) – A former ally of Romania’s toppled government said on Sunday it would back a new left-led alliance in a confidence vote expected in the next 10 days, saying political stability was crucial as the country seeks to emerge from an economic crisis. … Read more…
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