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Credit Crisis spurs greater use of supply chain financing

Companies have been increasingly using supply chain financing, which involves using their own receivables to secure financing, as the credit crunch took hold and financial conditions continue to be tough, according to a survey from the consultancy Demica. “Banks in our research were emphatic in their view that SCF is a strong and rapidly growing market, and one which will provide an alternative source of funding for those corporates facing difficulties obtaining traditional bank credit,” said Phillip Kerle, CEO of Demica.

Cambodia rise exports push prices down

Cambodia will sell some of its 1 million-plus tons of rice in warehouses now that it knows it has enough for domestic demand, Prime Minister Hun Sen said. The news adds downward pressure on rice futures, which for two days have fallen by the daily limit set by exchanges. “With major producers in Southeast Asia braced for harvesting bumper crops in the next couple of months, the global market sees more supplies,” said Takaki Shigemoto, an analyst with commodity broker Okachi & Co.

S&P funds UK mortgage delinquencies climbing

More than £7 billion worth of British mortgage loans are at risk of default, data from Standard & Poor’s shows. The company studied loans bundled into mortgage-backed securities and found that U.K. borrowers with even the best credit scores fell behind in the first three months of this year. More than a fifth of those with poor or no credit history were more than 30 days behind on their home loan. Those delinquent by 90 days or more, including some already in foreclosure, topped 10%.

Belgium´s InBev considers buying Anheuser Busch

Belgium’s InBev (stock ticker: INB.BR), might start talking with rival brewer Anheuser Busch (stock quote: BUD) as early as Tuesday about a buyout, a Belgian newspaper reported. InBev, the world’s second-biggest brewer by production, was considering bidding $65 a share, the Financial Times reported Friday. InBev makes beer brands including Stella Artois and Beck’s.

Greenspan thinks US recession remains likely

Former Federal Reserve Chairman Alan Greenspan said the U.S. still has more than a 50% chance of falling into recession, despite a recent calming of financial conditions. The chance of a contraction “has receded a little, and I think the probability of a severe recession has come down markedly,” he said.