International

Euro-Area Recession Deepens as Manufacturing Shrinks

Bloomberg reported that Euro-area services and manufacturing output contracted more than economists forecast in October and German business confidence dropped to lowest in more than 2 1/2 years. read more

Alta Group: Latin American Leasing Industry Declines

Latin America’s equipment leasing and asset finance industry shrank by 13% in overall portfolio value in 2011, according to The Alta Group. read more

Leasing Foundation Announces Founding Fellows

The Leasing Foundation announced the names of the Founding Fellows, a group of leaders from across the industry who will head the Foundation’s Fellowship by encouraging conversations around key issues and helping the Foundation create relevant research. read more

EU Lawmakers Back 'Jail Time' for Market Riggers

Bloomberg reported that European Union lawmakers are backing punishments for market abusers, including jail time, in a bid to prevent any repeat of the scandal engulfing LIBOR and other interbank lending rates. read more

IMF: Heightened Risks Sapping Slower Global Recovery

The IMF presented a gloomier picture of the global economy, saying prospects have deteriorated further and risks increased, but noted that prospects could improve if clouds over the euro area, U.S. “fiscal cliff” are lifted. read more

Chinese Banks Planning Expansion Via Leasing

According to a report from the Global Times, eight Chinese commercial banks plan to launch financial leasing companies to expand their business and increase profits. read more

U.S. Importers Leaving China to Manufacture Goods Elsewhere

Due to uncertain macroeconomic conditions in Europe and China, importers and manufacturers that sell to America's retailers continue to be concerned with the economic resources of manufacturers, according to Capital Business Credit, a non-bank lender that services the retail sector. read more

Leasing Foundation Adds Industry Leaders

The Leasing Foundation said it added eight new governors to its existing group of leaders in leasing and asset finance. read more

FT: RBS in Settlement Talks on LIBOR Allegations

The Financial Times reported that the Royal Bank of Scotland is poised to settle allegations by regulators that some of its traders acted to manipulate LIBOR. The Times said the bank may have to pay up to $480 million. read more

Leaseurope Index Shows Increased New Leasing Volumes Q/Q

Leaseurope's Q2/12 index report showed a deterioration across all indicators compared to the same quarter of the previous year. Total new leasing volumes reported by the sample of firms increased compared to the previous quarter to €19 billion. read more

Europe Outlook Dims as Bank Meets

The Wall Street Journal reports that recent reports show the euro-zone’s economic downturn accelerated during the summer raising concerns that even aggressive anti-crisis measures won’t be enough to keep the euro bloc from sliding into a deep recession. read more

Leasing Foundation Adds DLL's Slaats, Others as Governors

The Leasing Foundation said that it has added five new governors, including Ronald Slaats, CEO and chairman De Lage Landen. read more

Cat Financial in Syndicate to Expand Wolf Minerals Facility

Wolf Minerals said it has mandated UniCredit Bank, ING Bank and Caterpillar Financial to seek a revised credit approval to provide senior debt financing to fund the development of a tungsten and tin project. read more

National Leasing Purchases Globale FC

National Leasing announced an expansion of its direct sales force with the purchase of Globale FC, a privately held commercial leasing company headquartered in St-Bruno, Québec. read more

WSJ: Europe's Debt Crisis 'Far From Over'

The Wall Street Journal reported that companies in Southern Europe have increased their search for alternative sources of funding — an indication that Europe’s debt crisis is "far from over." read more

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