Free press releases distribution network?

Agency / Source: Travelex UK Limited

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Businesses Batton Down the Hatches for 2008 - Travelex Launches International Trade Index - Two thirds of British businesses will rein in their international trade in 2008, as a result of the ongoing global economic slowdown, according to new research out today (Friday)
Businesses Batton Down the Hatches for 2008 - Travelex Launches International Trade Index

 

PRZOOM - /newswire/ - London, United Kingdom, 2007/11/16 - Two thirds of British businesses will rein in their international trade in 2008, as a result of the ongoing global economic slowdown, according to new research out today (Friday).

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Embargoed Until 00.01hrs, Friday 16th November

Two thirds of British businesses will rein in their international trade in 2008, as a result of the ongoing global economic slowdown, according to new research out today (Friday).

The new findings from Travelex, the world’s leading global business payments specialist, reveal that with half of British businesses currently importing or exporting to North America, the majority of companies (66%) plan to rein in or reduce their foreign trade in 2008, put off by the continued credit crunch emanating from the United States.

Tony Wilson, Director of Travelex’s Global Business Payments division, commented: “We know that the demand for international business payment services is growing by 8 per cent year on year, so it’s clear from these findings that any fallout from the credit crunch will most likely affect a large number of British businesses trading abroad.

The research also reveals a shift in the patterns of global trade, whilst emerging economies such as eastern Europe and Africa feature amongst the top five trade destinations of 2007, North America and western Europe remain critical to the fortunes of UK businesses. The UK’s international trade table – based on payments made or received between UK companies and their foreign counterparts – is a good indicator of the changing nature of the world economy, and reveals a significant development in global trade as emerging economies gain a foothold in the international marketplace.

Importing:
1 Western Europe
2 North America
3 Asia
4 Eastern Europe
5 Africa
6 Middle East
7 Australasia
8 South America

Exporting:
1 Western Europe
2 North America
3 Asia
4 Eastern Europe
5 Africa
6 Australasia
7 South America
8 Middle East

Wilson concludes; “We would urge any business involved with international transactions to think carefully about how they go about sending money abroad and, importantly, who they use to facilitate the payments. With increased pressure on budgets and bottom lines looking likely, the knock-on effects of things going wrong could be more crippling than ever.”

In 2007, Travelex won the prestigious Bank of New York (BONY) Award in May for outstanding straight-through processing (STP) Payment Formatting in US dollars. Travelex customers enjoy an error rate of less than 1% – but in the unlikely event of something going wrong, Travelex employs its own track and chase team that will rectify the problem without the client incurring any extra cost.

Travelex research was conducted by Maven Research in Sept / Oct 2007 amongst a representative sample of 350 businesses – including from the insurance, pharmaceutical, travel, education, publishing, and electronics and media industries.

About Travelex
Travelex is the world's foreign exchange and international payments specialist. The group is also one of the world's leading providers of outsourced travel money to banks, travel agencies and other financial institutions.

The Group operates through its subsidiaries and branches in four regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific. The Group’s activities are organised into three divisions: Global Business Payments, Retail and Outsourcing.

Travelex global Business Payments
A division of the Travelex group, Travelex Global Business Payments (travelex.com) provides international payment services and foreign exchange risk solutions for commercial customers, with products and services comprising multi-currency spot contracts, forward contracts and options. The business operates through its subsidiaries and branches in four regions: the United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Brokerage/Trading Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Travelex UK Limited

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Brokerage/Trading articles,
CATCH Visitors via Your Competitors Announcements!


Businesses Batton Down the Hatches for 2008 - Travelex Launches International Trade Index

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Derek Gilmour - 3-Monkeys.co.uk for Travelex.com 
+44(0)20 7440 2410 travelex[.]3-monkeys.co.uk
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Travelex UK Limited securities in any jurisdiction including any other companies listed or named in this release.

Brokerage/Trading via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Travelex UK Limited / Company Profile


Read Brokerage/Trading Most Recent Related Press Releases:

SRMEX's Vice Chairman Eikichi Hirano About the Gradual Expansion of Capital Market
Xtrade Wins Best Broker in the Middle East Award
Russian Foreign Trade Reports on Russian Trade with North American Countries Q1 2016
Hermes International Expo to Celebrate 25th Anniversary in Delaware County
GoldSilver Central Approved As Singapore Bullion Market Association Member
OANDA Acquires Tradestation Forex Accounts
[TYPO FOUND BY SYSTEM] Beeline Broking Ltd Launches 'Tailor Made Brokerage Plan'
Signals365.com Announces Key Features - Makes it the Best Binary Options Signals Service
/RC/ Van Ecker Couder Associates Announce Expansion Program
Evanson Asset Management Dividend Stocks to Safeguard An All-weather Portfolio

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  NAKIVO, Inc.

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today