21.   Bernabe reportedly suggested that the large payments Olivetti would have to make on loans it borrowed to finance the takeover would push Telecom into the red.

22.   Tesoro said it will borrow to finance the purchase, which it expects to complete in the fourth quarter after securing regulatory approval.

23.   It gave no details of the debt but the UAE, a major OPEC oil producer, has resorted to borrowing to finance a budget deficit and arms purchases.