• Most Popular
  • Most Shared

Australia's NAB says has A$140 mln in ABC exposure

Thu Nov 6, 2008 2:31am EST

Stocks

   

SYDNEY, Nov 6 (Reuters) - National Australia Bank (NAB.AX) said on Thursday it had loan exposure of about A$140 million ($94.8 million) to collapsed childcare operator ABC Learning Centres Ltd ABS.AX.

It also said that though it was not a lender to Australia's Allco Finance Group Ltd AFG.AX, which also collapsed this week, it had loaned money to entities within the group. ($1=A$1.47) (Reporting by James Regan; Editing by Kim Coghill)



More from Reuters

Photo

Time Warner Cable, Fox at impasse; blackout looms

NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009.  REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article