Real Estate General

Australian Market Report of May 17, 2010: Chinese Govt Approved Investment in Kagara's (ASX:KZL) Mungana Goldmines

🕔5/17/2010 1:30:08 PM

The Australian stock market opened sharply lower on Monday led by material sector. European bourses broadly tumbled on Friday as European governments' deep spending cuts increased worries over the region's economies. The negative sentiment also spreads through Wall Street and Asian Markets. The Australia's S&P/ASX200 index Monday fell approximately 1.8 per cent in early trade. In economics news today, the Australian Bureau of Statistics releases lending finance data for March.

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Egyptian Resorts Company (ERC) (CAI:EGTS) Announces Consolidated Results for First Quarter 2010

🕔5/14/2010 10:04:09 AM

Egyptian Resorts Company (CAI:EGTS), Egypt's leading master developer of mega communities, announced today its consolidated results for the first quarter of 2010, reporting a net loss of EGP 2.9 million on revenues of EGP 4.4 million. By comparison, ERC reported profit of EGP 9.5 million in the first quarter of 2009 on revenues of EGP 6.7 million, bolstered by lower depreciation charges and substantial foreign exchange gains. Profits in the quarter just ended were impacted by both a 34.3% drop in revenue and a sharp 675% rise in depreciation costs to EGP 3.2 million on the back of infrastructure and network assets capitalized last year.

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Australian Market Report of May 4, 2010: Coalworks (ASX:CWK) Signs Farm In Agreement with Itochu (TYO:8001)

🕔5/4/2010 1:30:21 PM

The Australian market opened modestly higher today ahead of the Reserve Bank of Australia's interest rate decision. Material and mining shares continued their losing streak in early trade due to the mining tax concerns. But Wall Street's solid gains overnight helped to support the Australian shares with improving US economic data.

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Leading Global Developer Orascom Development Holding (SWF:ODHN) to Develop Sahl Hasheesh Marina, Takes Equity Stake in ERC (CAI:EGTS)

🕔4/29/2010 7:30:49 PM

Egyptian Resorts Company (CAI:EGTS), Egypt's largest master developer of mega resort communities, and Orascom Development Holding (SIX: ODHN:SW) announced today that they had concluded an agreement under which Orascom Development and Management (ODM), a subsidiary of global powerhouse Orascom Development Holding (ODH), will manage the development of the Marina at Sahl Hasheesh.

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Australian Market Report of April 29, 2010: Remained Weak Despite Wall Street Rebounded

🕔4/29/2010 1:30:29 PM

Today Australian shares continued their losing streak in early trade, despite a positive lead from Wall Street. Yesterday the Asian and Australian market declined massively on the back to credit ratings downgrades for Greece and Portugal. Australian market's decline today was led by financial shares.

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Australian Market Report of April 19, 2010: Sharply Fell on Overseas Leads

🕔4/19/2010 1:30:05 PM

The Australian stock market opened in negative territory this morning following Wall Street's plunge on Friday. Asian markets also fell sharply Friday. Japan's Nikkei lost 1.5 per cent on stronger yen, while China's Shanghai Composite and Hong Kong's Hang Seng Index lost 1.1 per cent and 1.3 per cent respectively, due to Chinese government's further move to restrict speculative property investments.

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Asian Markets Overview of April 8, 2010: Osaka Gas(TYO:9532) Currently Not Seeking CBM LNG Long-Term Contracts

🕔4/8/2010 1:30:54 PM

Overnight US stocks broadly declined after new figures from the Federal Reserve showed that consumer credit dropped unexpectedly in February. The sharp plunge in consumer credit was an indication that households are still in a cautious frame of mind despite U.S. economic recovery. Asian markets opened lower this morning following the drops in Wall Street. But Wednesday most Asian stocks gained, helped by stronger oil prices and upbeat corporate earnings. Hong Kong's Hang Seng surged 1.8 per cent, while China's Shanghai Composite fell 0.3 per cent as real estate shares were hurt by fears of further measures to cool the property market. Japan's Nikkei 225 posted a 0.1 per cent rise and South Korea's Kospi Composite finished nearly unchanged.

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