State Rep. Mark Ferrandino and Sen. Chris Romer are announcing legislation targeting payday loans. Consumers taking out payday loans give the lender a postdated check for the amount of the loan plus a fee. The lender holds the check for about two weeks, when the money is repaid or the check is cashed. Colorado caps finance fees at 20 percent of the loan for the first $300, then an additional 7.5 … Follow...

NEW DELHI: India’s Bharti Airtel has lined up US$9 billion (US$1 = RM3.40) in loans from foreign and local banks for its planned acquisition of the African assets of Kuwait’s Zain, the Economic Times reported yesterday. The newspaper cited three people familiar with the matter as saying nearly a dozen banks – mostly foreign – had come forward to commit the amount in long-term...

Feb. 22 (Bloomberg) — Bharti Airtel Ltd. , India’s biggest wireless operator, plans to borrow as much as $8 billion of loans to finance its proposed acquisition of the African assets of Kuwait’s Mobile Telecommunications Co., two people familiar with the plan said. See the article here: Bharti Said to Seek $8 Billion Loans to Fund Zain Acquisition (Bloomberg)

State Rep. Mark Ferrandino and Sen. Chris Romer are announcing legislation targeting payday loans in Colorado. Consumers taking out payday loans give the lender a postdated check for the amount of the loan plus a fee. Read more: Colorado bill would cap fees on payday loans (AP via Yahoo! Finance)

THE embattled pub owner ING Real Estate Entertainment Fund has secured a refinancing deal from its banks of $180 million for the next five years and is working closely with its tenant, Icon Hospitality, on ways to rebuild investor wealth. Originally posted here: ING Entertainment pins hopes on primping up pubs (Brisbane Times)

Gov. Joe Manchin faces a hard sell with his proposal to free business equipment and inventory from taxes, even as the measure advances in the West Virginia Legislature. Read this article: W.Va. county jitters could doom business tax break (AP via Yahoo! Finance)