Money AU : feature

International Banks Scale Back Lending Exposure To Australia

Post by Sharat on February 2, 2009 · Under Australian Economy, banking, feature, interest rates · Comment

Business borrowing fell by the second biggest monthly drop on record in December, largely resulting from a reduction in foreign currency lending according to the Australian Central Bank the RBA.

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QBE Raises A$ 2 billion. Will it bid for AIG?

Post by Sharat on November 26, 2008 · Under Company News, Equities, feature, insurance · Comment

QBE Insurance, Australia’s largest insurer announced that it would be raising capital into order to repay debt and fund foreign expansion through acquisitions. The exercise should raise A$ 2 billion and would take place in the form of a fully underwritten institutional share placement. If it is going to be a bidder for AIG’s assets it will have to raise far more than that though.

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