DTiNews
Australia's BlueScope Steel posts $1 bln loss

Australia's BlueScope Steel posts $1 bln loss

Australia's struggling BlueScope Steel Monday reported a Aus$1.04 billion ($1.09 billion) net loss for the 2012 fiscal year, but said it was now well-positioned globally for growth.
Banks given higher credit growth targets

Banks given higher credit growth targets

The SBV increased this year's credit-growth targets for a number of commercial banks, hoping to spur lending to struggling enterprises dealing with high inventories and sluggish markets.