Centro Shares Slump After Profit Forecast Cut on U.S. Subprime
Story date: 2007-12-15 03:55:00
Added on: 2007-12-16 22:00:17
Bloomberg - The slump wiped A$3.4 billion ($2.9 billion) off Centro's market value as the company said it may have to sell assets after it was unable to refinance A$1.3 billion of debt. Investors, concerned that losses on securities backed by U.S. home loans ...
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