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SYDNEY, Oct 1 Asia Pulse - Highlights of today's newspapers:
THE AUSTRALIAN FINANCIAL REVIEW:
- Key US congressional leaders are scrambling to revive the US$700 billion brank rescue plan after a divided congress rejected the bill.
- Treasurer Wayne Swan will next week attend the IMF and World Bank discussions on a co-ordinated global response to the financial crisis.
- Treasurer Wayne Swan has admitted that home buyers may miss out on the full benefit of any cut in official interest rates as banks grapple with soaring funding costs on global credit markets.
- Investors hoping the start of a new month would bring some much needed respite from the damaging market shakeout could be in for a rude shock - October is known as the witching month for shares.
THE AUSTRALIAN:
Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - OCT 1, 2008.