Origin and Santos extend loans and slash costs as oil hits five-year lows

Origin and Santos extend loans and slash costs as oil hits five-year lows

Australia's major energy producers are scrambling in the face of the shock plunge in oil prices, with Origin Energy renegotiating debt facilities and Santos slashing its 2015 spending as oil prices threaten to sink below $ US60 a barrel. Origin Energy …

Read more on The Age

Adani Group's Australia deal sealed, SBI to give him -billion loan

In what could be one of the largest credit facilities extended by an Indian bank for an overseas project, the State Bank of India (SBI) will provide a loan of $ 1 billion (over Rs 6,000 crore) to Adani Mining, the Australian subsidiary of Adani …

Read more on Indian Express

Hockey vows to take on banks

The inquiry estimated that a one percentage point increase in capital would only result in loans increasing by 10 basis points – or 0.10 of a per cent. Impacts on the cost to banks of funding a loan or to the broader economy were low. Mr Murray used …

Read more on Sydney Morning Herald

Australia suffers another cringeworthy moment during G20 summit

The adolescent country. The bit player. The shrimp of the schoolyard. For Australians it's not so bad – most of the time – to be so far away, so overlooked, so seemingly insignificant as to almost never factor in major international news. The lifestyle …

Read more on Sydney Morning Herald

A tale of two Woolies shows life isn't so bad for our grocery and pokie giant

It really puts the troubles at Woolies Australia in perspective. … "The board, management team and I are very optimistic about the future of our organisation and much of the credit for our position should go to Stuart Grimshaw," Davis told investors …

Read more on Sydney Morning Herald

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