Do More With Reuters
Partner Services

PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Wed Jul 23, 2008 5:42am IST
 
Email | Print | | Single Page
[-] Text [+]

SINGAPORE, July 23 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- Asian central banks were warned on Tuesday that they will need to raise interest rates more quickly if they are to contain inflation.

The Asian Development Bank used its semi-annual report on east Asia excluding Japan to stress that authorities needed to recognise that soaring prices presented a more immediate threat than slowing growth

-- Carlyle Group, the U.S. private equity firm, admitted defeat on Tuesday night in its controversial three-year battle to make a significant investment in Xugong, one of China's leading machinery makers.

-- Mubadala Development Co, Abu Dhabi's increasingly powerful state investment vehicle, said on Tuesday it plans to become one of the 10 biggest institutional investors in General Electric (GE.N: Quote, Profile, Research) as it announced a series of deals with the U.S. group, including a $8 billion joint venture to set up a commercial finance business.

WALL STREET JOURNAL (www.wsj.com)

-- India's government survived a no-confidence vote, keeping the ruling coalition in power for a few more months and providing Prime Minister Manmohan Singh with a much-needed political boost as he seeks to secure a nuclear deal with the U.S.

-- Apple Inc. (AAPL.O: Quote, Profile, Research) is ramping up its retail strategy in China after years of shying from one of the world's fastest-growing technology markets.

Russian Finance Minister Alexey Kudrin poses with his G20 colleagues and central bank leaders during the family photo at the G20 Finance Ministers meeting at a hotel in St. Andrews, Scotland. REUTERS/POOL New
Pledge to support economies

G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured.  Full Article | Related Story 

special coverage

Photo
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Sanjay Sinha
Balancing Act

In India, it is a tough choice between growth, managing inflation and financial stability.  Full Article 

 
Nipun Mehta
Road to Recovery

There needs to be an acceptable balance created between education and healthcare and infrastructure spend, says Nipun Mehta of SG Private Banking.   Full Article 

 
Robot Asimo

Snapshots of Honda Motor's humanoid robot Asimo  Slideshow 

 
Marketing Strategy
Marketing Strategy

Companies are now using direct marketing methods to sell their products.  Full Article 

 
Exit Plans
Exit Plans

Factbox - Stimulus exit plans for Asia-Pacific's big 5 economies  Full Article