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SYDNEY, March 3 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN FINANCIAL REVIEW:
- Earnings growth expectations have been slashed by more than half. Allco Finance Group's key deal makers have lost $250 million raised from the public.
- The federal government is expected to sign off on a -million strategy to combat climate change in vulnerable Pacific Islnd nations.
- Auditors and trustees are failing to understand their basic legal obligations following an ATO blitz on self-managed superannuation funds.
- A combination of woeful economic reports and bad corporate earnings rattled Wall Street traders on Friday.
- The world's most famous investor has warned US policymakers they need to reduce the country's $2-billion-a-day trade deficit.
Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - MARCH 3, 2008.