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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Wed Sep 17, 2008 6:30am IST
 
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SINGAPORE, Sept 17 (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)

-- U.S. authorities were considering rescuing AIG (AIG.N: Quote, Profile, Research) with a loan of up to $100 billion, in an effort to prevent a collapse of the troubled insurer that would send shockwaves through the global financial system

-- The Federal Reserve kept interest rates unchanged at 2.0 percent on Tuesday despite the turmoil convulsing global markets

-- Barclays (BARC.L: Quote, Profile, Research) agreed to buy Lehman Brothers North American investment banking platform for slightly less than $2 billion, as a first step in a potential series of deals aimed at reassembling Lehman's banking operations in various countries.

WALL STREET JOURNAL (www.wsj.com)

-- In the face of slumping stock markets, continued weakness in U.S. auto sales and concern over the viability of Detroit's Big Three car makers, Toyota Motor Corp. (7203.T: Quote, Profile, Research) expects to make money in its North America business this fiscal year, Jim Lentz, president of Toyota Motor Sales, said in an interview

-- Samsung (005930.KS: Quote, Profile, Research) made public an offer to buy SanDisk (SNDK.O: Quote, Profile, Research) for $5.8 billion in cash after it said four months of talks failed to produce an agreement

-- General Motors GM.N lowered its outlook for growth in China's auto market this year as weaker Chinese stocks and higher fuel prices curb demand

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

A man walks with the Indian national flag in front of the Taj Mahal hotel, one of the sites of last year's militant attacks, in Mumbai November 26, 2009.  REUTERS/Punit Paranjpe
One Year Later

Mumbai held tearful memorials as it marked the first anniversary of militant raids that killed 166 people.   Full Article | Full Coverage