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SYDNEY, Dec 2 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN FINANCIAL REVIEW
- The Victorian ALP is poised to win unassailable control of the State's Upper House for the first time; Power in Australian business is shifting.
- Australia's residential property markets slowed down at the weekend; Prime Minister John Howard claims federal government would consider tax cuts if the Budget stayed in surplus.
- Coles Myer to be forced to sever any agreements with clothing suppliers who used exploited labour, Federal Government resumes today for the final sittings of the year.
- American consumers swamp stores kickstarting the holiday retail season; Bali's attorney-general's office has chosen 21 prosecutors to handle the Bali bombing cases; China lifts ban on foreign investment into its domestic A-sharemarkets.
- The upswing in stocks with offshore earnings exposure should continue to drive the sharemarket higher in coming months.
Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - DEC 2, 2002.