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AUSTRALIAN NEWSPAPER HIGHLIGHTS - AUG 1, 2008.

AsiaPulse News

| August 01, 2008 | COPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SYDNEY, Aug 1 Asia Pulse - Highlights of today's newspapers:

THE AUSTRALIAN FINANCIAL REVIEW:

- Surprisingly weak retail sales and credit growth has spurred speculation that the Reserve Bank may begin to cut official interest rates by the end of the year.

- The struggling boat industry has pinned its hopes on strong showings at the nation's annual boat shows.

- Banking and finance executives have told the Rudd government it must go well beyond its $630 million cut to withholding tax.

- An upbeat end to yesterday's session wasn't enough to secure a positive result for the Australian sharemarket in July.

THE AUSTRALIAN:

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