AAP General News (Australia)
08-24-2000
NSW: Main stories in today s Sydney newspapers = 4
THE AUSTRALIAN FINANCIAL REVIEW:
Page 1 - The Australian dollar lost more than US2c yesterday in a global currency shake-up.
The Publishing and Broadcasting Ltd results have confirmed Kerry Packer's Midas touch
on the big deals.
Page 3 - Ford Australia has been forced to stand down 4000 workers. Australia's liquified
natural gas industry has been exempted from national greenhouse gas policy.
Page 5 - The sliding dollar will put greater pressure on petrol prices, a leading analyst
has warned. A federal parliamentary inquiry has been told banks do not believe they have
a social obligation to the community.
World - The Federal Reserve has declared it can fly the economy safely at a brisk cruising
speed, rather than forcing the US economy down to a soft landing. Britain and Germany
will pocket more than $A132 billion from their mega-auctions of third generation mobile
phone licences.
Companies - The expansion of the North-West Shelf gas project is almost certain after
five of the six joint-venture partners sent recommendations to their boards for approval.
Shares in two of Australia's biggest building materials companies fell sharply yesterday.
Markets - The Australian sharemarket continued its record run yesterday rising for
a third consecutive day. The US Federal Reserve Board's Federal Open Market Committee
has decided to maintain its existing stance of monetary policy. AAP km/was .
KEYWORD: FRONTERS NSW 4 SYDNEY
2000 AAP Information Services Pty Limited (AAP) or its Licensors.
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