NSW: The main stories in today s newspapers

AAP General News (Australia)
04-27-2001
NSW: The main stories in today s newspapers
THE AUSTRALIAN FINANCIAL REVIEW

Page 1: The International Monetary Fund downgrades Australia's economic prospects;
US President signals strong interest in free-trade deal with Australia; Factions and
how they operate in Australia.

Page 2: Briefs

Page 3: Casual workers are set to win the right to parental leave; Federal Labor is
planning a major overhaul of the Commonwealth's $12-billion government procurement budget
as part of the first phase of its new industry policy aimed at boosting local investment
and jobs; Former public relations adviser to radio giant Austereo admits orchestrating
bogus letter campaign against rival radio group.

World: China's senior leadership struggling to come to terms with deterioration of
relations with Japan and the US; US President's outspokenness over Taiwan meets with
quiet satisfaction in much of rest of Asia; New Japanese prime minister appoints female
foreign minister and retains key members of former administration,

Companies: People Telecom in talks Macquarie Corporate Telecommunications' controlling
shareholders on possible takeover as MCT's share price hits new lows; Cable earnings buoy
Cable & Wireless Optus results; High profile corporate adviser David Gonski expected
to be appointed chairman of Coca-Cola Amatil Ltd; BRL Hardy's vow not to pay over the
top for major US acquisition prompts renewed number-crunching ahead of bidding deadline.

Market Wrap: US bonds still the safest haven; On the basis of recent trade imbalances,
US dollar significantly overvalued relative to yen, while Australian dollar, in turn,
undervalued relative to yen.

AAP aa/rs

KEYWORD: FRONTERS NSW 4 SYDNEY

2001 AAP Information Services Pty Limited (AAP) or its Licensors.