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SYDNEY, Dec 3 Asia Pulse - Highlights of today's newspapers:
THE FINANCIAL REVIEW:
- An increase in public-private partnerships could deliver more than $6 billion to state governments over the next decade. A union chief has warned employers not to write new Australian workplace agreements before Labor changes the industrial laws next year.
- Petroleum and energy companies have slammed the Accounting Standard Board's decision that will increase their effective tax rates and slash after-tax profits.
- Former attorney-general Philip Ruddock has decided to move to the back bench.
- The largest US financial institutions may soon disclose a plan to suspend scheduled increases in the monthly payments for many borrowers with sub-prime loans.
- The US recession and slower global growth rates means a swing back into value stocks, market analysts say.