Quicksilver Resources says bank group approves $1 billion borrowing base

October 16th, 2009 SandRidge bank group reaffirms borrowing baseOKLAHOMA CITY — Independent oil and natural gas company SandRidge Energy Inc. said its bank group reaffirmed its $985 million borrowing base and $1.75 billion commitment amount as part of its regularly scheduled semiannual redetermination.

September 23rd, 2009 NEW DELHI - The World Bank has approved $4.3 billion in loans for India to help finance infrastructure projects and support its economic stimulus programme. "This is the crucial time to support Indian economic recovery," said World Bank country director for India Roberto Zagha.

September 7th, 2009 Israel approves 366 new West Bank apartmentsJERUSALEM — Israel has officially approved construction of 366 new apartments in the West Bank. Defense Minister Ehud Barak said Monday that he intends to soon approve about 84 more.

August 25th, 2009 Ariz. treasurer preparing for expanded borrowingPHOENIX — Arizona still doesn't have an approved balanced budget for the nearly 2-month-old fiscal year and Treasurer Dean Martin's office is making preparations for new large-scale borrowing by the state. Martin said Monday his office is preparing a request for proposals for both a line of credit and bond borrowing known as "commercial paper." Arizona's cash-short general fund for months has had to borrow up to several hundreds of millions of dollars from other state funds on a daily basis, but Martin says the real crunch will come in October when a big school-aid payment is due on top of other expenses.

August 3rd, 2009 Treasury reduces 3Q borrowing estimate to $406BWASHINGTON — The Treasury Department on Monday reduced its borrowing estimate in the current July-September quarter by $109 billion, some rare good news about the government's financial needs. Borrowing will reach $406 billion in the third quarter, the department said, down from its April estimate of $515 billion.

July 11th, 2009 NEW DELHI - Finance Minister Pranab Mukherjee Saturday sought to allay apprehensions that high government borrowings to fund welfare and infrastructure programmes will crowd out credit to industry and said loans at competitive prices will continue to be made available to India Inc. "We will meet the requirements of the private sector from the market," the finance minister told reporters here after a post-budget meeting with the top brass of the Reserve Bank of India (RBI) here.

July 10th, 2009 Parliament OKs German bank assets planBERLIN — A plan to allow German banks to offload bad assets into special government-guaranteed vehicles cleared its final legislative hurdle on Friday. The legislation passed the upper house of parliament, which represents Germany's 16 states, after winning approval from the lower house a week ago.

May 12th, 2009 Citigroup: TARP loans near $45 billion markNEW YORK — Citigroup Inc. is using its $45 billion in government capital to make nearly that much in new loans.

May 8th, 2009 Consumer credit falls at fastest pace in 18 yearsWASHINGTON — Consumer borrowing plunged in March at the fastest pace in 18 years as Americans put away their credit cards and hoarded cash amid the worst recession in decades. The Federal Reserve says consumer borrowing dropped 5.2 percent in March, the biggest decline since an 8.1 percent fall in December 1990.

April 27th, 2009 Treasury needs record $361B April-June borrowingWASHINGTON — The Treasury Department said Monday it will need to borrow $361 billion in the current April-June quarter, a record amount for that period. It's the third straight quarter the government's borrowing needs have set records for those periods.

March 24th, 2009 KOLKATA - Non-banking finance company Srei Infrastructure Finance plans to secure a $100-million external commercial borrowing from the Netherlands-based financial institution FMO, a top company official said here Monday. This is over and above the $47-million exposure that FMO already has in the city-based company, Srei chairman and managing director Hemant Kanoria told reporters.

March 18th, 2009 THIRUVANANTHAPURAM - Kerala-based Dhanalakshmi Bank will soon open 80 new branches across the country and raise Rs.4 billion (Rs.400 crore) in the next fiscal, a top official said here. At present, the 81-year-old bank has 174 branches in the country, of which 130 are in Kerala.

February 9th, 2009 NEW DELHI - With the economic crisis taking a toll on the Indian economy, the government plans to borrow Rs.460 billion (about $9.45 billion) by late March from the market, a senior finance ministry official said Tuesday. 'We already had discussions with the Reserve Bank of India (RBI).

January 28th, 2009 NEW DELHI - The borrowing limit of state governments will be increased and their fiscal deficit targets relaxed to allow them raise funds for capital expenditure for 2008-09, the government said Thursday. The cabinet committee on economic affairs, which met Wednesday evening, decided to allow states to borrow up to 3 percent of their respective gross state domestic product (GSDP) with an additional borrowing limit of 0.5 percent of their GSDP.

December 29th, 2008 KOLKATA - India's apex housing finance institution, the National Housing Bank (NHB), expects housing finance companies to reduce lending rates, a top company official said here Tuesday. 'As we have reduced rates, we expect housing finance companies to reduce rates and pass on the benefits to consumers,' NHB chairman and managing director S.