NSW: The main stories in today s newspapers = 4

AAP General News (Australia)
04-05-2001
NSW: The main stories in today s newspapers = 4

THE AUSTRALIAN FINANCIAL REVIEW

Page 1 - The Reserve Bank of Australia has slashed interest rates to boost fragile
business and consumer confidence, warning that Australia's short-term growth prospects
were at risk from prolonged world economic weakness and domestic gloom.

Page 2 - Index.

Page 3 - One of Australia's largest security companies, Chubb Security Australia, has
reaped a massive revenue windfall from extra charges to its customers as a result of a
controversial early 1990s outsourcing strategy, documents show.

World - Worsening relations between the United States and China over the hainan incident
could hamper progress on China's long-awaited entry to the World Trade Organisation, coming
just days before a deadline on Beijing's response to US overtures on outstanding issues.

Companies - Institutional investors have called on Pasminco to provide more detail
on its current financial position after its shares plunged to a new low yesterday amid
rumours that the group was facing a cash shortage.

Markets - The Reserve Bank of Australia is on track with its most aggressive interest
rate-easing cycle yet after it sliced the official cash rate by 50 basis points to five
per cent.

AAP as

KEYWORD: FRONTERS NSW 4 SYDNEY

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