Commercial Property on the Ropes in a Consumer Economy
Sun, 14 Dec 2008 16:25:02 -0800
About the only good news from Friday's session on the ASX is that neither the All Ords or the ASX/200 closed on the lows. Both were down for the day. But by the end of trading both seemed to come to their senses, get up off the floor, and keep on keepin' on. And the week starts off with a positive bit of news: Centro Properties may be saved by its bankers. Today's Age reports that its financial backers will throw Australia's second biggest retailer a lifeline. Good timing, too. Centro has $2.3
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