SUBSCRIBERS
US Ex-Im Bank faces closure as Congress doesn't renew charter
Published Fri, Jun 26, 2015 · 09:50 PM
Washington
THE US Export-Import Bank faced an imminent shutdown of its new lending and insurance activities as lawmakers left Washington on Thursday for an 11-day break without renewing the trade lender's charter.
Ex-Im's authority to make new loans or write new credit and trade guarantees will expire at midnight on June 30, leaving many US exporters scrambling to find alternative financing or withdraw from proposed deals.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons