Do More With Reuters
Partner Services

PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Mon Sep 1, 2008 5:11am IST
 
Email | Print | | Single Page
[-] Text [+]

SINGAPORE, Sept 1 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- Allianz (ALVG.DE: Quote, Profile, Research) has agreed to sell Dresdner Bank in a 9 billion euro deal that will re-shape the German banking industry and create a clear domestic rival to Deutsche Bank (DBKGn.DE: Quote, Profile, Research).

-- China does not need to accelerate the appreciation of the renminbi against the U.S. dollar, according to Cheng Siwei, vice-chairman of the standing committee of the National People's Congress, an influential voice in Chinese economic policy making.

The comments are likely to disturb many in the United States, who are hoping that faster appreciation of the renminbi would help rebalance the world economy and improve prospects for U.S. growth.

WALL STREET JOURNAL (www.wsj.com)

-- U.S. Treasury Secretary Henry Paulson is embroiled in emergency planning on ways to shore up troubled mortgage giants Freddie Mac (FRE.N: Quote, Profile, Research) and Fannie Mae (FNM.N: Quote, Profile, Research) to avert a destabilizing jolt to the U.S. economy and the world's financial system.

-- Thailand's prime minister insisted he won't resign as anti-government protests spread beyond Bangkok, forcing some regional airports to close and disrupting rail services.

-- A Bank for International Settlements study casts doubt on the accuracy of a key index that banks use to gauge their subprime-mortgage related losses.

--

special coverage

Budget 2009
Budget 2009

The government presents the budget for the full fiscal year 2009/10 on July 6.  Full Coverage 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

SHOWCASE

Photo
Is the budget over-rated for personal finance?

Expectations are high given the outcome in the general elections.  Commentary 

 
Nilekani: Infosys' loss or govt’s gain?
Nilekani: Infosys' loss or govt’s gain?

Nandan Nilekani has resigned from the Infosys board to join the government.  Commentary | Slideshow 

 
Launched

Tata Motors announced the launch of Jaguar and Land Rover vehicles in India.  Slideshow | Video 

 
Satyam
The new Satyam

Stay updated with the developments at Satyam.  Full Coverage 

 
M&A Review
M&A Review

A review of mergers and acquisitions.  Full Coverage 

 
Financial Turmoil Timeline
Financial Turmoil Timeline

A round-up of measures taken by the U.S Federal Reserve since June 2007 to tackle the financial crisis.  Full Coverage