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AAP MARKETS REPORT for Thursday Oct 31, 2002 =4 Sydney.

Asia Africa Intelligence Wire

| October 31, 2002 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From AAP News)

INTERNATIONAL NEWS BRUSSELS - The European Union needs less money than anticipated for its 2003 budget because of advance aid given to farmers hit by adverse weather this year, the European Commission said on Wednesday. TOKYO - Japan unveiled measures today to halve bad loans at banks by March 2005 and fight deflation, but analysts said stiff opposition from ruling party bigwigs meant the eagerly awaited package had lost its bite. NEW YORK - Optical fibre group Corning said today it would axe 2,200 jobs and close …

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