GE Capital Australia's Commercial Finance business has entered into an agreement to acquire the business of Allianz Finance Pty Ltd, Allianz Australia's $400 million debtor finance book.
The acquisition will increase GE Capital's Commercial Finance client base, and deliver greater scale and geographic diversity for its asset-backed lending portfolio.
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Five A&NZ entrepreneurs awarded $100,000 each for breakthrough low-carbon solutions
Sydney, Australia: Five homegrown low-carbon innovations have been announced winners of GE's first ever ecomagination Challenge in Australia and New Zealand.
The winners were presented with $100,000 each by Jeff Immelt, GE Chairman and CEO, and Steve Sargent, President and CEO GE Australia & New Zealand, at an event in Sydney last night.
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Profitability and turnover among New Zealand medium-sized businesses increased in the 2011 financial year, according to the latest GE Capital Mid-Market report released today.
The Prime Minister, Rt Hon John Key, joined GE Capital in Auckland to launch the latest report, entitled Inside the Mid-Market, which reports on the outlook of the Mid-Market (defined as businesses generating between $2million and $50million in annual revenue) in New Zealand and key trends.
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Australian medium-sized businesses are the most confident business sector about their prospects for growth, despite the uncertain economic environment, according to the latest GE Capital Mid-Market CFO sentiment survey released today.
Australian medium-sized businesses are the most confident business sector about their prospects for growth, despite the uncertain economic environment, according to the latest GE Capital Mid-Market CFO sentiment survey released today.
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- Exports to non-Eurozone countries cited as reason for some optimism
- Engineering positions left unfilled due to skills shortage
- Greater clarity from government would benefit business
- Future affordability of energy a key concern for high tech sector
LONDON, 7th January, 2013 -- The UK high tech manufacturing sector is cautiously upbeat about its prospects for growth in 2013, despite an overall fall in its positivity about the country's economy in the last six months.
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GE expands presence in fast-growing Russian energy market
Technology to help meet Russia's growing need for cogeneration
JV with Russian partners INTER RAO UES and UEC
Rybinsk facility to start producing gas turbines in Q2'2014
Rybinsk, Russia -- October 31, 2012 -- GE (NYSE: GE) and two Russian joint venture partners, INTER RAO UES and United Engine Corporation, today held a groundbreaking ceremony for the Russian Gas Turbines LLC Manufacturing Facility.