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Centro Properties builds towards debt resolution

CENTRO Properties has refinanced some debt and forecast its restructure should be completed by the end of next year. It is also on the lookout for a partner for its syndicate funds management business. The company yesterday announced new arrangements for $US2.7 billion ($A3 billion)
CENTRO Properties has refinanced some debt and forecast its restructure should be completed by the end of next year. It is also on the lookout for a partner for its syndicate funds management business. The company yesterday announced new arrangements for $US2.7 billion ($A3 billion)
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Centro lives on with debt extension

July 30, 2010 The combined market capitalisation of Centro and its affiliate, Centro Retail, is $609 million. The total debt load in the group is $18 billion, and Centro still owns all the major properties it owned in 2007 when the emerging global crisis prevented it from rolling over
July 30, 2010 The combined market capitalisation of Centro and its affiliate, Centro Retail, is $609 million. The total debt load in the group is $18 billion, and Centro still owns all the major properties it owned in 2007 when the emerging global crisis prevented it from rolling over

Debt moratorium gives Centro breathing space but doesn"t solve its problems

The combined market capitalisation of Centro and its affiliate, Centro Retail, is $609 million. The group's total debt is $18 billion and Centro still owns all the main properties it owned late in 2007, when the emerging global crisis prevented it rolling securitised debt, and its own crisis
The combined market capitalisation of Centro and its affiliate, Centro Retail, is $609 million. The group's total debt is $18 billion and Centro still owns all the main properties it owned late in 2007, when the emerging global crisis prevented it rolling securitised debt, and its own crisis

Downside visible in all directions

Let ’em have it ... Julian Malnic wasn’t interested in a ceasefire. Illustration: John Shakespeare Jetset, which will put the 50-50 merger proposal to a meeting on September 6, dispatched its explanatory memorandum yesterday detailing the merits and risks of the deal. It wa
rned
Let ’em have it ... Julian Malnic wasn’t interested in a ceasefire. Illustration: John Shakespeare Jetset, which will put the 50-50 merger proposal to a meeting on September 6, dispatched its explanatory memorandum yesterday detailing the merits and risks of the deal. It wa
rned

Centro refinances most of debt in joint venture well before expiry

It is also looking for a strategic partner for its syndicate funds management business. The company announced yesterday new arrangements for $US2.7 billion ($3 billion) of the $US3.2 billion of debt within Super LLC that was due to expire on December 31. Super LLC is a joint venture between
It is also looking for a strategic partner for its syndicate funds management business. The company announced yesterday new arrangements for $US2.7 billion ($3 billion) of the $US3.2 billion of debt within Super LLC that was due to expire on December 31. Super LLC is a joint venture between

iiNet in trading halt ahead of talks to freeze out competitor

iiNet shares went into a trading halt at $2.65 yesterday amid speculation it was in talks to purchase AAPT's 120,000 strong retail customer base. AAPT's main asset is a network of underground inter-city broadband pipes, known as backhaul, which it leases to wholesale customers. AAPT is wholly
iiNet shares went into a trading halt at $2.65 yesterday amid speculation it was in talks to purchase AAPT's 120,000 strong retail customer base. AAPT's main asset is a network of underground inter-city broadband pipes, known as backhaul, which it leases to wholesale customers. AAPT is wholly

Exxon Mobil profit surges 91%

The world's largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009. Analysts were expecting earnings of $1.46 a share, according to a survey by Thomson
The world's largest public energy company reported net income of $7.56 billion, or $1.60 a share, in the second quarter, up 91% from $3.95 billion, or 81 cents a share, in the same period in 2009. Analysts were expecting earnings of $1.46 a share, according to a survey by Thomson

OZ Minerals steps up acquisition hunt

AAP Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney
AAP Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney

OZ Minerals steps up acquisition hunt

Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney Mining
Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney Mining

OZ Minerals steps up hunt for copper purchases

Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney
Chief executive Terry Burgess says the company's business development team is "working around the clock" for potential purchases. "We have looked at three to four projects in great detail including due diligence and in some cases we made non-binding offers," Mr Burgess told the Sydney
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Asian stocks drop on concern pace of growth may slow

Asian stocks fell for the first day in five and the yen gained on concern the pace the global recovery may slow. The New Zealand dollar slumped as the central bank said deteriorating prospects for growth will taper the pace of future interest-rate increases after it raised its
Asian stocks fell for the first day in five and the yen gained on concern the pace the global recovery may slow. The New Zealand dollar slumped as the central bank said deteriorating prospects for growth will taper the pace of future interest-rate increases after it raised its
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Mining giants eyeing coal firm Aston

AAP According to sources close to the company, Aston is expected mid-next week to unveil an initial public offer seeking to raise $400 million, which has already attracted Singapore's Noble Group and Japan's Itochu as cornerstone investors. Noble and Itochu are said to have agreed to
AAP According to sources close to the company, Aston is expected mid-next week to unveil an initial public offer seeking to raise $400 million, which has already attracted Singapore's Noble Group and Japan's Itochu as cornerstone investors. Noble and Itochu are said to have agreed to

AUD | Australian Dollar down as positivity slips

The Australian dollar was lower today as concerns on the US economy lowered investor sentiment for high-yielding assets. At midday east-coast time, the Australian dollar was trading at 89.33 US cents, down 0.17 per cent from Wednesday’s close of 89.47 US cents. It was also buyi
ng
The Australian dollar was lower today as concerns on the US economy lowered investor sentiment for high-yielding assets. At midday east-coast time, the Australian dollar was trading at 89.33 US cents, down 0.17 per cent from Wednesday’s close of 89.47 US cents. It was also buyi
ng
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$A lower, bonds firmer at noon

AAP The Australian dollar was lower at noon as concerns on the US economy lowered investor sentiment for high-yielding assets. At 1200 AEST on Thursday, the Australian dollar was trading at $US0.8933/35, down 0.17 per cent from Tuesday's close of $US0.8947/51. Since 0700 AEST,
AAP The Australian dollar was lower at noon as concerns on the US economy lowered investor sentiment for high-yielding assets. At 1200 AEST on Thursday, the Australian dollar was trading at $US0.8933/35, down 0.17 per cent from Tuesday's close of $US0.8947/51. Since 0700 AEST,
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Reclusive Aldi billionaire dies at 88 | Theo Albrecht

Theo Albrecht after his release from a 1971 kidnapping - in what's believed to be his most recent public appearance. Theo Albrecht, a reclusive billionaire who made his fortune building up one of Germany's largest retail empires, has died at the age of 88. Albrecht, an
Theo Albrecht after his release from a 1971 kidnapping - in what's believed to be his most recent public appearance. Theo Albrecht, a reclusive billionaire who made his fortune building up one of Germany's largest retail empires, has died at the age of 88. Albrecht, an
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Bonds firmer on US economic outlook

AAP The Australian debt market opened firmer on Thursday as a sober outlook for the American economy from the US central bank lifted demand for fixed-income assets. At 0830 AEST, the yield on the Commonwealth Government April 2020 bond was 5.195 per cent, down from Wednesday's
AAP The Australian debt market opened firmer on Thursday as a sober outlook for the American economy from the US central bank lifted demand for fixed-income assets. At 0830 AEST, the yield on the Commonwealth Government April 2020 bond was 5.195 per cent, down from Wednesday's
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AUD | Australian Dollar drops on US economic worries

The Australian dollar opened lower today as concerns about the recovery in the US economy weighed on financial markets. At 7am east-coast time, the Australian dollar was trading at 89.28 US cents, down 0.19 per cent from yesterday's close of 89.47 US cents. It was also buying 78.12
The Australian dollar opened lower today as concerns about the recovery in the US economy weighed on financial markets. At 7am east-coast time, the Australian dollar was trading at 89.28 US cents, down 0.19 per cent from yesterday's close of 89.47 US cents. It was also buying 78.12
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$A lower on US economic growth concerns

AAP The Australian dollar opened lower on Thursday as concerns about the recovery in the US economy weighed on financial markets. At 0700 AEST on Thursday, the Australian dollar was trading at $US0.8928/35, down 0.19 per cent from Wednesday's close of $US0.8947/51. Since 1700
AAP The Australian dollar opened lower on Thursday as concerns about the recovery in the US economy weighed on financial markets. At 0700 AEST on Thursday, the Australian dollar was trading at $US0.8928/35, down 0.19 per cent from Wednesday's close of $US0.8947/51. Since 1700
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Dollar down on economic growth worries

At 7am AEST today, the dollar was trading at $US0.8928/35, down 0.19 per cent from yesterday's close of $US0.8947/51. Since 5pm AEST yesterday, the domestic dollar traded between $US0.8908 and $US0.8976. Wall Street closed lower this morning following a sombre outlook from the US
At 7am AEST today, the dollar was trading at $US0.8928/35, down 0.19 per cent from yesterday's close of $US0.8947/51. Since 5pm AEST yesterday, the domestic dollar traded between $US0.8908 and $US0.8976. Wall Street closed lower this morning following a sombre outlook from the US
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Tiger Club"s US millionaires pounce on Berkshire"s 19% return

Warren Buffett's Berkshire Hathaway is the darling of US millionaires, or at least those in Tiger 21, a peer investment group. Members of New York-based Tiger 21 picked Berkshire as their top stock in a survey of preferred investments because they like Buffett's strategy of buying
Warren Buffett's Berkshire Hathaway is the darling of US millionaires, or at least those in Tiger 21, a peer investment group. Members of New York-based Tiger 21 picked Berkshire as their top stock in a survey of preferred investments because they like Buffett's strategy of buying
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