NSW: The main stories in today s newspapers 3

AAP General News (Australia)
04-18-2000
NSW: The main stories in today s newspapers 3

THE AUSTRALIAN FINANCIAL REVIEW:

Page 1: Shockwaves from Wall Street yesterday wiped $36 billion off the value of the
Australian sharemarket, with the sharp sell-off led by News Corporation and technology
stocks.

Page 3: Business groups have lashed out at the GST price-busting role the Federal government
has given the ACCC.

World: As anti-IMF protesters in washington focused world attention on the lending
agency's practices, the IMF's top policy-making body acknowledged the benefits of free
trade and globalisation were not reaching everyone.

Companies: Woolworths yesterday said it remained on track to report full-year sales
growth in excess of eight per cent and double-digit growth in earnings per share and dividends
after reporting a 6.5 per cent rise in third-quarter sales to $4.6 billion.

Markets: Investors were last night sifting through the wreckage of the Australian equity
markets after the sharemarket suffered its third biggest point loss since the October
1987 crash.

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KEYWORD: FRONTERS NSW 3 SYDNEY

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