GE to get up to $12 billion in export financing from Britain

The deal, announced on Thursday, could be seen as the latest sign of #U.S. exporters’ unhappiness at the winding down of the U.S. Export-Import Bank, which lent money to foreign customers of U.S. exporters. Its charter lapsed on June 30 after conservatives in the U.S. Congress cast it as a promoter of “crony capitalism.”

#GE is already shifting jobs overseas because of the lack of U.S. export financing and plane-maker #Boeing Co, the largest U.S. exporter, is threatening to do the same.

Read more at: https://en-maktoob.news.yahoo.com/ge-12-billion-export-financing-130535877.html

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s