Japan to ease capital accounting rules for banks (Financial Times)
Japan is to ease rules governing the way banks account for their capital in an effort to keep loans flowing to companies amid the credit crisis.

Digger: property slump puts Arsenal on awkward ground (Guardian Unlimited)
Arsenal’s property division intends to pay back £133.5m in loans within eight months but club directors insist that commitment will not affect January transfer budgets. The Gunners’ title challenge has failed to materialise so far this year and they look in dire need of investment in the squad. Fans looking for succour in the club’s accounts would be alarmed to discover an enormous …

Will costs drive you off the road? (Sunday Herald)
paying on average £2544 a year to run a car, 13.55% more than last year, according to Sainsbury’s Bank – and the figures don’t even include any interest payments on car loans.

Digger: property slump puts Arsenal on awkward ground (Guardian Unlimited)
Arsenal’s property division intends to pay back £133.5m in loans within eight months but club directors insist that commitment will not affect January transfer budgets. The Gunners’ title challenge has failed to materialise so far this year and they look in dire need of investment in the squad. Fans looking for succour in the club’s accounts would be alarmed to discover an enormous …

HSBC faces hit on U.S. bad loans and Asia slowdown (Interactive Investor)
Fri 07 Nov, 2008 11:33

UAW chief urges $25 bln in U.S. auto support (Reuters via Yahoo! UK & Ireland News)
United Auto Workers President Ron Gettelfinger on Thursday urged the U.S. government to provide another $25 billion (16 billion pound) in loans to struggling U.S. automakers so that they can meet their healthcare obligations to over 780,000 retirees and their dependents.

Ukraine welcomes $4.5bn stand-by IMF loan (Financial Times)
Ukraine will receive initial loans worth $4.5bn in the next few days to bolster the crisis-hit economy under the International Monetary Fund’s bail-out package, say officials in Kiev.

Britain loans 800 mln pounds to help Icesave customers (Scotland Today)
LONDON (Reuters) – Britain will lend 800 million pounds to a compensation scheme to refund Britons who had Internet savings with failed Icelandic bank Landsbanki, the finance ministry said on Thursday.

House prices fall by record 13.7% (AFP via Yahoo! UK & Ireland News)
House prices slumped by 13.7% in October compared with the figure for the same month in 2007, the biggest drop on record according to a survey by home loans provider Halifax published on Thursday.

(AFX UK Focus) 2008-11-06 03:52 UPDATE 1-Australia’s c.bank to take CP for repo loans (Interactive Investor)
SYDNEY, Nov 6 (Reuters) – Australia’s central bank will begin to accept commercial paper as collateral for loans, the latest in a string of measures to add liquidity to money markets amid a global credit squeeze. The Reserve Bank of Australia (RBA) said on Thursday the move was aimed at easing a logjam in the commercial paper (CP) market, where companies do much of their short-term borrowing. …

IMF backs $16.4bn Ukraine loan (BBC News)
The IMF approves a $16.4bn loan to Ukraine to bolster its economy, which has been shaken by the global financial turmoil.

Lowest number of loans in years (Financial Times)
The Council of Mortgage Lenders said there were 42,200 loans for house purchases in August, the lowest since the group, began keeping monthly records in January 2002. The number of first-time buyers fell to a new low in September of 15,600.

(AFX UK Focus) 2008-11-05 11:15 World Bank lends to Bulgaria to tackle poverty, jobless (Interactive Investor)
SOFIA, Nov 5 (Reuters) – The World Bank has approved two loans to Bulgaria worth 142 million euros, aimed at raising employment, productivity and living standards in the European Union newcomer, the lender said on Wednesday. The Balkan country, which joined the EU in 2007, is the bloc’s poorest member with the lowest incomes per capita and has one of the lowest productivity rates. The global …

(AFX UK Focus) 2008-11-05 08:08 Norway c.bank offers 1-week F-loan at auction (Interactive Investor)
OSLO, Nov 5 (Reuters) – Norway’s central bank offered an auction of one-week crown-denominated liquidity, called an “F-loans”, to participants in the Norwegian money market on Wednesday. The auction had a minimum bid of 10 million Norwegian crowns ($1.50 million), Norges Bank said. Bids must be submitted by 1400 GMT. (Reporting by Aasa Christine Stoltz) ($1=6.681 Norwegian Crown) Keywords: …

Businesses ‘pay more for credit’ (BBC News)
Firms are having to “pay through the nose” for credit, according to the Federation of Small Businesses.

Advertisement starts (Tiscali)
tracker loans — set at a fixed margin over the Bank base rate — by up to half a percent to new customers from Wednesday.

Loans vital for small firms (The Inverness Courier)
LAST week’s big rise in unemployment is forecast to be repeated many times over in the next few months as the financial crisis turns into a slowdown. Locally we have already seen big job losses in the construction industry.