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Dexus Property swings to $1.46bn lossDEXUS Property Group has swung into a full-year net loss of $1.46 billion after writing down the value of its portfolio.
The Australian Tuesday, August 18, 2009Myer site cost hike
THE cost of developing the former Myer department store site in the heart of Melbourne has increased from $1.2 to $1.4 billion, three years before the completion of the project.
The Australian Tuesday, August 18, 2009No Merrill backlash: CBA boss
COMMONWEALTH Bank chief executive Ralph Norris is confident no heads will roll at the bank as a result of the corporate watchdog's investigation into the Merrill Lynch capital-raising debacle.
The Australian Tuesday, August 18, 2009Dexus shares dive on $1.46bn loss
INVESTORS punished one of the country's largest landlords, Dexus Property Group, yesterday after it reported a full-year net loss of $1.46 billion and signalled further vacancies and rental declines.
The Australian Tuesday, August 18, 2009Hardie shares in orbit
JAMES Hardie shares soared more than 22 per cent yesterday, the biggest daily rise in almost 40 years.
The Australian Tuesday, August 18, 2009Morgan Stanley Sells Shanghai Tower
SOHO China paid about $360 million to Morgan Stanley real estate Fund for a 52-story office and retail tower on the edge of one of Shanghai's main business districts.
Real Estate Journal Tuesday, August 18, 2009Unemployment Spike Compounds Foreclosure Crisis
The country's growing unemployment is overtaking subprime mortgages as the main driver of foreclosures, according to bankers and economists, threatening to send even higher the number of borrowers who will lose their homes and making the foreclosure crisis far more complicated to unwind.
Washington Post Tuesday, August 18, 2009
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