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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Fri Nov 7, 2008 6:13am IST
 
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SINGAPORE, Nov 7 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- Interest rates were slashed across Europe on Thursday as the continent's central bankers decided the outlook for their economies had taken a decisive turn for the worse.

-- Toyota Motor (7203.T: Quote, Profile, Research) reported a second-quarter 69 percent plunge in its net profits on Thursday and warned it would barely make money in the second half owing to falling U.S. and European vehicle sales and a debilitating surge in the yen.

-- Las Vegas Sands (LVS.N: Quote, Profile, Research) shares fell more than 40 per cent on Thursday after the casino operator warned that it risked defaulting on its debt, raising doubts about its ability to continue operating as a going concern.

-- The Federal Bureau of Investigation warned Barack Obama's and John McCain's campaign teams that their computer networks had been hacked into by a foreign organisation during the presidential contest.

WALL STREET JOURNAL (www.wsj.com)

-- European central banks slashed their key rates to stave off prolonged recessions Thursday, with the Bank of England delivering a dramatic 1.5 percentage-point cut.

-- The Chinese government has largely rebuffed Bush administration attempts to directly discuss contingency planning for a political transition inside North Korea amid uncertainty over dictator Kim Jong-il's health, according to current and former U.S. officials.

-- China's central bank is considering a U.S.-style facility that would funnel emergency cash to the local operations of foreign banks struggling for day-to-day financing in the yuan money markets, according to people familiar with the situation.

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