IN ITS QUARTERLY STATEMENT ON MONETARY POLICY - THE RBA SAYS MINING INVESTMENT WILL LIKELY FALL FASTER THAN PREVIOUSLY THOUGHT AND THE HIGH DOLLAR IS CONSTRAINING GROWTH.

THE R-B-A SAYS THE EFFECTS OF ITS LAST EIGHT RATE CUTS STILL HAVE MORE WORK TO DO.

THE CENTRAL BANK HAS TRIMMED ITS GROWTH FORECASTS FOR NEXT TWO YEARS.

IT EXPECTS UNEMPLOYMENT TO INCREASE GRADUALLY OVER NEXT YEAR OR SO.***READ ON

AUSTRALIAN STOCKS ARE LOWER AFTER WEAK RESULTS ON OVERSEAS MARKETS

QANTAS SHARES ARE UP AFTER THE COMPANY SAID IT WILL CLOSE ITS HEAVY MAINTENACNE FACILITY IN AVALON NEXT MARCH.

RIVAL VIRGIN IS ALSO HIGHER

WESTPAC TRADING WITH OUT ITS DIVIDEND

FORTESCUE AMONG WORTS PERFORMERS

ECHO SHARES HAVE SLUMPED AFTER SAYING FLAT CONSUMER SPENDING HURTS REVENUE GROWTH.

TAKE ASIA##

ACROSS THE REGION

JAPAN'S NIKK-AY IS TRACKING OFF SHORE FALLS

GOOD NEWS WAS BAD NEWS FOR WALL STREET -

WITH BETTER U-S ECONOMIC GROWTH FIGURES .... INCREASING HE CHANCE OF A REDUCTION IN U-S STIMULUS.

TAKE CURRENCIES##THE AUSTRALIAN DOLLAR IS BEING SOLD OFF AGAINST TEH GREENBACK TO #READ ON#

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