CIT halts Sears supplier financing

Note: This section contains information in English only.
Source: Bloomberg
CIT Group Inc. the largest US factoring provider decided to stop giving loans to the suppliers of Sears Holdings Corp. CIT Group Inc. provide short-term funding for producers to manufacture goods. Chris Brathwaite, a representative of Sears told the decision is irrational as company has adequate liquidity and sufficient resources at its disposal. 
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Thu, 12 Jan 2012 15:28:57 GMT

Spain and Italy to auction debt first time this year

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