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Oxford Finance Corporation, a subsidiary of Sumitomo Corporation, today announced that it was the lead lender for a $30 million credit facility provided to Cadence Pharmaceuticals. Silicon Valley Bank and GE Financial Services, Inc. also participated in the loan agreement. This infusion of capital will support the company’s potential launch of their investigational product candidate, OFIRMEV …

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Russia’s Finance Ministry has proposed selling stakes in state companies to raise money for the state coffers, the RIA Novosti news agency reported Monday.

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New finance director joins Newman city staff

NEWMAN - A new finance director is on board at Newman City Hall. Lewis Humphries joined the city staff in mid-June, coming to Newman after working in municipal finance for the city of Patterson for two years.

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On July 12, Heights Finance welcomed a new chief financial officer, Robert “Bob” Ferlmann. Ferlmann has been a certified public accountant since 1987 and brings many years of leadership experience with him to Heights Finance, which has offices in Streator

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Kuwait Finance House said second- quarter profit rose to 40 million dinars from 33 million dinars a year earlier. The bank made the announcement in a statement to the Kuwait bourse today.

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Power Finance Corp. , the state-owned Indian lender to power projects, hired 20 banks to help it sell five- and 10-year bonds in rupees, according to two people familiar with the matter.

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NTC, Finance Ministry need to clarify reforms

Telecom operators want the Finance Ministry to discuss the termination of concessions with the National Telecommunications Commission (NTC) so the operators have a clear idea as to what they should do next.

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