AAP General News (Australia)
02-16-2008
NSW: Main stories in today's Sydney newspapers =4
THE AUSTRALIAN FINANCIAL REVIEW:
Page 1: Feature on tips on how to beat the mortgage squeeze.
Page 3: Torrential rains have helped a parched nation but have also hurt many businesses.
Page 5: The federal government will immediately boost this year's permanent skilled
migration intake by up to 6,000 places.
World: The prospect of more US interest rate cuts has failed to dampen concern that
Wall Street banks face further sub-prime-related write-downs while the US economy teeters
on recession and credit markets remain frozen (Washington).
Markets: Increased funding pressure on the banks and a negative lead from Wall Street
on renewed credit concerns weighed on the sharemarket on Friday, with the financials sector
leading the market to its third consecutive weekly decline.
AAP pc/apm
KEYWORD: MONITOR FRONTERS NSW 4 SYDNEY
2008 AAP Information Services Pty Limited (AAP) or its Licensors.
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