Saudi Fund Has More Demand for Project Finance as Lending Slows (Bloomberg)
June 9th, 2009
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June 8 (Bloomberg) — The Saudi Industrial Development Fund , a government lender with $5.3 billion in capital, said demand has increased this year from companies seeking project finance as the global credit crisis constrains bank lending.
German finance minister: Arcando faces insolvency (AFP via Yahoo! News)
German Finance Minister Peer Steinbrueck has said the retail group Arcandor, which owns the Kardstadt chain and a majority share of Thomas Cook, could go bust.
