Edition:
United States

Eriko Amaha

Crescent Wealth to launch Australia's 1st Islamic pension fund

Jun 28 2012

SYDNEY, June 28 Australian fund manager Crescent Wealth plans to launch the country's first Islamic pension fund by December and allocate between 15 to 30 percent of it in property, its managing director said.

Australia's Westfield sells U.S., UK malls; to buy back shares

Feb 15 2012

SYDNEY Australian shopping mall owner Westfield Group is selling a stake in a portfolio of 12 U.S. malls to a Canadian pension fund for about $1.85 billion, freeing up cash to fund a share buyback and to expand its global reach.

Australia's Westfield sells U.S., UK malls; to buy back shares

Feb 14 2012

SYDNEY Australian shopping mall owner Westfield Group is selling a stake in a portfolio of 12 U.S. malls to a Canadian pension fund for about $1.85 billion (1.17 billion pound), freeing up cash to fund a share buyback and to expand its global reach.

Sydney's Martin Place loses shine as banks move out

Feb 06 2012

SYDNEY, Feb 7 Sydney's Martin Place, the epic centre of the central business district and packed with heritage buildings, is losing its financial hub status as major Australian banks consolidate offices and relocate to bigger and newer buildings.

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