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



NewsWhore
02-26-2009, 12:40 AM
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Westfield, Developers Report $3.4 Billion in Losses (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601080%26sid%3DaxdcsY63La0k%26refer%3Dasia&cid=1308323472&ei=zSumSbf9EorGMqPOvP4K&usg=AFQjCNEoOldEvjB_WPqAi0ofyz35I_SG8A)
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 4.9 percent to A$10.23 as of 2:35 pm Sydney time. ...


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