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Commercial, personal loans soar: report Commercial loans soared 22.5 per cent in May in a sign the business community is continuing to ramp up production. - Fitch Upgrades Nalcos Senior Unsecured Notes to BB CHICAGO----July 14, 2006--Fitch has taken the following rating actions on Nalco Company : Fitch Upgrades Nalco Debt Rating Fitch Ratings on Friday upgraded the senior unsecured debt of Nalco Holding Co., citing the wastewater treatment chemical makers recent debt repayment and the industrys improving outlook. Commercial, personal loans soar COMMERCIAL loans soared 22.5 per cent in May in a sign the business community is continuing to ramp up production. Commercial, personal loans soar COMMERCIAL loans soared 22.5 per cent in May in a sign the business community is continuing to ramp up production. Figures from the Australian Bureau of Statistics show total commercial finance rose to $33 billion during the month, well up on Aprils $27 billion. ONLY 0.14% Besides repaying about $185 million in debt since the beginning of 2005, Nalco has also seen its business strengthen recently, with margins expected to improve because of price increases, the ratings agency said. American Express appoints new head for Taiwan unit TAIPEI, July 14 (Reuters) - American Express Co. has appointed a new chairman for its Taiwan unit, the U.S. credit card and travel service company said on Friday, after its business was hit by the islands consumer credit crisis. Ford May Lose $3 Billion in North America, People Say July 14 (Bloomberg) -- Ford Motor Co., buffeted by declining sales, shrinking margins on its most profitable vehicles and a dire need to conserve cash, may lose $3 billion in North America this year, people familiar with the companys internal projections said. Spending spree on borrowed cash Commercial loans soared 22.5 per cent in May in a sign the business community is continuing to ramp up production. New figures from the Australian Bureau of Statistics showed total commercial finance rose to $33 billion during the month, well up on Aprils $27 billion. El Paso Arranges $500M Credit Facility Pipeline operator El Paso Corp. said Monday it has arranged a $500 million revolving credit facility with Deutsche Bank AG. The unsecured facility allows for revolving loans and letters of credit for general corporate business. | ||