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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Thu Jul 10, 2008 5:33am IST
 
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SINGAP1ORE, July 10 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- A dispute between Vodafone Plc (VOD.L: Quote, Profile, Research) and tax authorities is moving to the supreme court in New Delhi in a battle that will determine the shape of mergers and acquisitions in India.

-- Singapore is failing to meet international standards in respecting and promoting an independent and impartial judiciary, freedoms of expression and assembly and broader rights, the world's largest legal association said.

-- Macau casino tycoon Stanley Ho gave investors in his gaming company's listing a final chance to take their money off the table. Shares in Sociedade de Jogos de Macau had been scheduled to start trading in Hong Kong on Thursday, but Ho decided to push back the float to July 16 after his estranged sister Winnie sought a court application to halt it.

WALL STREET JOURNAL (www.wsj.com)

-- Macau has moved to help its casinos cap the rising cost of drawing customers in an effort to shore up profitability in the world's hottest gambling market. Government officials, after meeting with industry executives, agreed to put a ceiling on the commissions casinos pay promoters who bring them their most valuable customers: VIP gamblers from mainland China.

-- Chinese companies are preparing to aid the search for oil in Sudan's Darfur region, the first exploration since conflict erupted there in 2003.

-- Chinese online-video site Youku.com said it had received a long-awaited license from China's State Administration of Radio, Film and Television, in a sign that China's government may not take as tough a line on privately owned online-video companies as some had feared.

-- Kaven Leung, head of Citigroup Inc.'s (C.N: Quote, Profile, Research) wealth-management business in the Asia-Pacific region, is leaving the company, according to people familiar with the matter, with his responsibilities taken over by Deepak Sharma, who runs Citigroup's wealth-management businesses outside the U.S.

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