| Credit card splurges totals $41bn
AUSTRALIA'S credit card balances rose by 0.03 per cent to $41 billion in September, Reserve Bank of Australia figures show. The total balance of credit and charge card transactions climbed to $41.156 billion, from $41.143 billion in August. Total repayments fell by 9.3 per cent to $16.444 billion in September, from $18.135 billion. The number of credit and charge accounts jumped to 13.75 million in September, from 13.72 million. But the number of purchases using credit cards fell to 10.50 million in September from 11.39 million in August. By value, credit purchases fell to $15.251 billion in September down from $16.950 billion in August. The number of cash advances on credit and charge cards fell to 2.81 million, from 3.01 million as the value of advances declined to $958 million from $1.07 billion.
Together, municipalities can upgrade equipment
Twenty municipalities are acquiring police vehicles or attending to other equipment needs � Bradley Beach, for example, is getting computers and system upgrades � under a pooled capital equipment lease program organized by the Monmouth County Improvement Authority. The authority recently completed the sale of $19.9 million in revenue bonds on behalf of the 20 towns and three school districts. The money also will be used for lease-purchases of ambulances, firefighting vehicles, office furniture and playground equipment. Authority Chairman Al Rosenthal said on Thursday that the authority actually owns the equipment and leases it to the towns and school districts. The lease payments are structured to match the debt service on the bonds, Rosenthal said, and each participant takes ownership of the equipment as the bonds are paid off.
SPEEDEL ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER 2007
Full year cash-burn guidance about CHF 75 million Basel/Switzerland and Bridgewater NJ/USA, 14 November 2007 Speedel Holding Ltd (Swiss:SPPN.SW - News) today announced consolidated financial results for the three and nine months ending 30 September 2007. .
Nigeria: BON Laments Non-Payment of N8b Debt By Advert Agencies
Broadcasting Organisation of Nigeria (BON) has said that the N8 billion debt owed it by members of advertising agencies may cripple the activities of broadcast organisations if the debt is not settled. Chairman of BON, Alhaji Abubakar Jijiwa disclosed this at its 46th general assembly which opened yesterday in Abuja. .
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