NSW: Main stories in today's Sydney newspapers = 4

AAP General News (Australia)
04-21-2008
NSW: Main stories in today's Sydney newspapers = 4

THE AUSTRALIAN FINANCIAL REVIEW:

Page 1: Prime Minister Kevin Rudd has backed a 2020 Summit proposal to create a seamless
national economy by overhauling Canberra's relations with the states. Merrill Lynch may
be stripped of its status as a secured creditor in the Opes Prime collapse because it
failed to register a $2 billion charge over the stockbroker's assets. The government is
considering allowing Chinese companies to invest almost $1 billion at a time without Foreign
Investment Review Board approval.

Page 3: For the first time in eight years both headline and underlying measures of
annual inflation are expected to climb above the Reserve Bank's target band when the quarterly
consumer price index is released on Wednesday. The federal government is battling to have
its first home saver account up and running by the start of the financial year 2008/09.

World: Wall Street investment banks may be getting closer to the end of writedowns
on mortgage securities and leveraged loans, but they are seeing a surge in losses on consumer
loans and credit cards as the credit crunch filters through to the broader US economy.

Sport: If the NSW Waratahs beat the Sharks next week they will secure a coveted home
semi-final in the Super 14.

AAP kaj/ao

KEYWORD: MONITOR FRONTERS NSW 4 SYDNEY

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