AAP General News (Australia)
02-15-2007
NSW: Main stories in today's Sydney newspapers=4
THE AUSTRALIAN FINANCIAL REVIEW
Page 1: The Commonwealth Bank posted a record $2.27 billion half-year profit but has
warned that fierce competition in the credit card market has led to loans being extended
to people who are already under financial stress.
Page 3: One of Australia's biggest property developers, Australand, has been drawn
into a corruption inquiry after it hired former West Australian premier Brian Burke to
promote a $500 million marina and residential project.
Page 5: Federal Coalition MPs will seek a meeting with Treasurer Peter Costello, urging
him to subject the $11.1 billion takeover bid of Qantas to greater scrutiny amid fears
the airline will be saddled with too much debt by its proposed private equity owners.
World: (NEW YORK) The US racked up a record annual trade deficit for the fifth consecutive
year, of which 30 per cent, came from trading with China.
Markets: The Australian sharemarket moved closer to the record 6000-point mark thanks
to a strong lead from Wall Street and a spate of upbeat earnings reports.
AAP vpm/ks
KEYWORD: MONITOR FRONTERS NSW 4 SYDNEY
2007 AAP Information Services Pty Limited (AAP) or its Licensors.
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