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SYDNEY, April 1 Asia Pulse - Highlights of today's newspapers:
AUSTRALIAN FINANCIAL REVIEW:
- The Reserve Bank of Australia has admitted that the economy will shrink this year and global growth will contract by close to 2 per cent.
- Macquarie Group (ASX:MQG) will restructure its bonus system for its top 300 executives to save capital and avoid public pressure about exorbitant pay deals.
- The Rudd government is probing large changes to the complicated and inconsistent approvals process for major infrastructure projects.
- Sales of life insurance products are rising sharply as financial advisers seek new revenue streams.
THE AUSTRALIAN:
Source: HighBeam Research, AUSTRALIAN NEWSPAPER HIGHLIGHTS - APRIL 1, 2009.