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SYDNEY, June 1 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN FINANCIAL REVIEW
- The new system for setting minimum rates of pay could cut real wages for more than 1 million workers as the new Australian Fair Pay Commission takes into account the tax cuts for lower-income earners in this year's federal budget.
- BHP Billiton has signalled it will take a more aggressive stance towards major acquisitions by anointing renowned deal maker Marius Kloppers as its new chief executive.
- The Prime Minister's emissions trading taskforce has warned the government against forcing deep cuts to greenhouse gas emissions on the economy.
- The new chairman of the Australian Securities and Investments Commission has vowed to increase the number of insider trading convictions as part of an overhaul of the regulator's relationship with the Australian Stock Exchange.
- Former Queensland tourism minister Merri Rose will spend three months in jail after being convicted of a blackmail attempt against Premier Peter Beattie.
Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - JUNE 1, 2007.