AAP MARKETS REPORT for Tuesday, August 7 2001 =4 Sydney

AAP General News (Australia)
08-07-2001
AAP MARKETS REPORT for Tuesday, August 7 2001 =4 Sydney

INTERNATIONAL NEWS



JAKARTA - Indonesian police said they raided a mansion owned by the fugitive son of
disgraced former president Suharto, uncovering many home-made bombs.



LONDON - South Africa could descend into chaos like that gripping Zimbabwe unless white-run
businesses act to make openings for blacks, politician-turned-magnate Cyril Ramaphosa
said in comments published Monday.



TOKYO - Moody's Investors Service said Monday prospects remained bleak for Japan's
banks and life insurers due to a harsh economic climate and low interest rate environment.



NEW YORK - Former US President Bill Clinton has agreed to write his much sought-after
memoirs for Alfred A Knopf, the publisher announced.



WASHINGTON - The United States has expressed concern over the arrest by Afghanistan's
Taliban rulers of eight foreigners, including two Australians, on charges of preaching
Christianity.



LONDON - British manufacturing has sunk into recession after the global economic slowdown
and the strength of sterling pounded output lower for the second quarter in a row, official
figures showed on Monday.





NATIONAL NEWS



MELBOURNE - Christopher Skase will be cremated and his ashes scattered at sea, it was
reported today.



CANBERRA - A body found south of Alice Springs on Sunday was not that of missing British
tourist Peter Falconio, Northern Territory Assistant Commissioner John Daulby said today.



CANBERRA - Labor has challenged the federal government to bring forward details on
the Budget surplus so it can begin a proper debate on tax cuts.



CANBERRA - The Reserve Bank of Australia board sits today but economists are not expecting
any movement on interest rates.



SYDNEY - Striking car parts workers will decide at noon today whether to end industrial
action crippling Australia's car industry, ahead of a 3pm deadline ruling the strike illegal.



MELBOURNE - Banks in western Sydney will be hit by industrial action today, while bank
staff in eastern Victoria have endorsed a campaign of rolling stoppages.



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KEYWORD: MARKETS REPORT 4 SYDNEY

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