Financial And Forex Info | The Australian Business Briefing: Centro sells US stores to Blackstone







Centro sells US stores to Blackstone
Centro Properties Kris Hudson DEBT-laden Centro Properties Group agreed to sell its 588 US shopping centres to private-equity giant Blackstone Group for $US9.4 billion.
 
APRA cuts out covered bonds in Basel III
trader Enda Curran APRA has ruled out covered bonds as it defines the securities that would qualify as liquid assets under new global prudential rules.
 
QBE profit falls, catastrophes climb
QBE Rebecca Thurlow QBE Insurance Group's full-year net profit fell 17 per cent as floods in Australia and earthquakes in Chile and New Zealand boosted claims.
 
Downer flags $279m issue amid loss
Train UPDATED Ross Kelly DOWNER EDI swung to a $103.8 million first-half loss and said today it will raise $279m from a share issue to support its balance sheet.
 
QR National swings to $278m profit
QR National David Fickling QR National swung back to profit in its first result since a $4.6 billion float, but said rains could severely hit business this year.
 
Equinox bid threatens $9bn Lundin plan
Copper Caroline Van Hasselt CANADA'S Equinox Minerals plans to make a hostile bid for Lundin Mining that could scuttle the latter's $9 billion plan to merge with Inmet.
 
Independent board should run NBN: Optus
Paul O'sullivan Ian Grayson OPERATION of the NBN should be put out to competitive tender if the project is to have a chance of being a commercial success, CEO of Optus warns.
 
CEO survey forecasts patchy growth
manufacturing plastic bottles Ray Brindal A SURVEY of 530 CEOs forecasts patchy growth in Australia as business deals with the effects of natural catastrophes and a strong dollar.
 
Financial Markets
Shares end flat at season close
ASX THE sharemarket closed flat after reports from the end of the earnings season failed to distract investors from Middle East turmoil.
 
Shares lower in cautious trade
Centro Properties, Retail in trade halt
 
Financial Markets Coverage
 
Mining & Energy
Grange tips March for mine study
Mining, iron ore Robb M. Stewart GRANGE Resources has reported a jump in earnings and said a review of a study on a new iron ore mine should be completed by the end of March.
 
US company creates fuel-making bug
Equinox bid threatens $9bn Lundin plan
 
More Mining & Energy Coverage

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