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View Full Version : Westfield, Australian Developers Report $3.4 Billion in Losses - Bloomberg



NewsWhore
02-25-2009, 11:30 PM
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Westfield, Australian Developers Report $3.4 Billion in Losses (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DaXBew9FQf0L4%26refer%3Dhome&cid=0&ei=bRumSfSDIJGQmAfo4umFCw&usg=AFQjCNFXD5vhJ3fRmvYnrLyvhDw9e7gwxg)
Bloomberg
It also took one-time charges of A$1.12 billion for “financial instruments” and A$1 billion for currency losses because of the decline in the Australian dollar. Westfield shares climbed 5 percent to A$10.24 as of 1:35 pm Sydney time. ...


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