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STX Pan Ocean gets loan for vessel purchases

vinamaso.net — South Korean bulk specialist STX Pan Ocean has confirmed that DVB Bank, Fortis Bank and state-owned Korea Development Bank have joined forces to offer the company a $41.3m five-year two-tranche loan. (Submitted by vinamaso) More...

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Submitted Feb 17, 2009

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IMF's $3.1bn arrives in SBP vault

thefinancialdaily.com — KARACHI: The State Bank of Pakistan Thursday said it has received the first tranche of loan approved by the International Monetary Fund (IMF) for Pakistan. The tranche received amounts to $3.1 billion. (Submitted by tauseefshah) More...

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Submitted Nov 28, 2008

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Banks brace for Latvia's collapse

telegraph.co.uk — The Baltic states are once again in the eye of the storm after leaked reports that Sweden is bracing for a full-blown economic and political "breakdown" in Latvia. Latvia has failed to deliver draconian spending cuts agreed to secure the next tranche of its €7.5bn (£6.85bn) bail-out from the EU, the International Monetary Fund, and Sweden (Submitted by McGuffin) More...

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Submitted Oct 11, 2009

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