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AIG unit pays back nearly $4b US loan

American International Group's (AIG.N) aircraft leasing unit ILFC repaid nearly $4 billion of U.S. loans after raising new debt from investors, a source familiar with the matter said on Sunday. The repayment reduced the principal balance…

Britain hit by torrential rains

Parts of Britain were hit by torrential rain and gale force winds as summer looked to have come to a rude end. Up to 4cm (1.5in) of rain fell overnight in areas of southern England - more than half the normal monthly total - with 40mph…