Dec 16, 2017 Last Updated 4:28 PM, Dec 12, 2017

New Entry From the Editor :

Australian shopping empire Westfield sold to French property firm for $33 billion

Australian shopping empire Wes…

AusBN - Australian shopping mall juggernaut Westfield has been purchased by...

ASX introduces blockchain technology into trade settlement system

ASX introduces blockchain tech…

AusBN - Australian Securities Exchange (ASX) has become the first major glo...

Australia’s annual economic growth rate rises to 2.8%

Australia’s annual economic gr…

AusBN - Australia’s annual economic growth rate has risen to 2.8% aft...

Just Published

Australian shopping empire Westfield sold to French property firm for $33 billion

Liverpool Westfield 2AusBNAusBN - Australian shopping mall juggernaut Westfield has been purchased by French property firm Unibail-Rodamco in a momentous deal worth AUS$32.7 billion.

Read more ...

ASX introduces blockchain technology into trade settlement system

world markets on screenAusBNAusBN - Australian Securities Exchange (ASX) has become the first major global stock market to adopt blockchain technology into one of its core services, its post-trade settlement system.

Read more ...

Australia’s annual economic growth rate rises to 2.8%

charts of growth tablesAusBNAusBN - Australia’s annual economic growth rate has risen to 2.8% after it was boosted by an improved performance in the recent September quarter.

Read more ...

German retailer Kaufland confirms entrance into Australian market with Melbourne purchase

grocery storeAusBNAusBN - Low-cost German retailer Kaufland has snapped up an empty Bunnings site in Dandenong, Melbourne for AUS$16.4 million, confirming its entrance into the Australian grocery market.

Read more ...

Westfield to list in UK or US

AusBN – Westfield Corporation (ASX: WDC) has announced plans to list in the US or UK early next year.

The move follows the company’s controversial A$70 billion spilt of its international and domestic units last year.

Following the spilt Westfield holds around 40 malls in the US and UK while the spin-off company Scentre Group holds Australasian assets.

The company has also hinted at moving its Sydney head offices overseas and the new location will depend on where it decides to list.

Chairman Frank Lowy said: “We have made it clear at the time of the restructure that we are intending to get listing elsewhere and the details have not been fully worked out, it’s a very complex issue.

“There will be no solution, until there is listing, as to where head office and administration will be.”

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner

Recent Tweets