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Banks at Risk of Bad-Debt Blowout as Aussie Steelmaker Collapses

2016-04-08 17:14:01| Automakers - Topix.net

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Commonwealth Bank of Australia and its competitors are staring at a potential blowout in bad-debt expenses as they try to claw back a combined A$1 billion of loans to steel and iron ore supplier Arrium Ltd., underscoring the looming threat to lenders from the commodities bust.

Tags: risk banks blowout aussie

 

Crane boom collapses at Sembcorp Marines shipyard and damages Noble's jackup rig

2016-03-02 01:00:00| Offshore Technology

A crane boom has collapsed at Sembcorp Marine's Jurong shipyard in Singapore, injuring personnel and damaging Noble's newbuild jackup rig, the Noble Lloyd Noble.

Tags: damages boom crane rig

 
 

Vodacom, Neotel deal collapses

2016-03-01 01:00:00| Total Telecom industry news

Mobile operator cites 'regulatory issues' as it calls off its planned takeover of South African fixed-line player.

Tags: deal collapses vodacom neotel

 

Didcot A power station in UK collapses

2016-02-24 01:00:00| Power Technology

One person has been killed and at least four have been injured after the collapse of a former boiler house at Didcot A power station in Oxfordshire, UK.

Tags: power uk station collapses

 

AllState building roof partially collapses

2015-10-25 08:14:14| Energy - Topix.net

The side of the roof to the AllState Agent building at 1367 Park Avenue West unexpectedly collapsed Saturday evening. Ohio Edison cut four power lines to the building and Eleanor Avenue was temporarily closed.

Tags: building partially roof collapses

 

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