September 10, 2008 / 12:23 AM / 11 years ago

PRESS DIGEST-Financial Times, Wall St Journal Asia editions

SINGAPORE, Sept 10 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and website editions on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

— U.S. stocks suffered their worst fall of the year as a 45 percent drop in Lehman Brothers LEH.N shares renewed fears about the health of the global financial system.

— The U.S. believes that Kim Jong-il, the North Korean leader, might have suffered a stroke after he failed to appear at a key military parade to commemorate the 60th anniversary of the repressive communist state.

— Samak Sundaravej, Thailand’s prime minister, was ordered on Tuesday to resign from his post by the constitutional court, which ruled that he had violated constitutional conflict-of-interest rules by making paid-for guest appearances on a television cooking programme after taking office.

— Deutsche Boerse (DB1Gn.DE) could be heading for another confrontation with the two hedge funds that are the German group’s biggest shareholders after rejecting their ideas for reform.

WALL STREET JOURNAL (www.wsj.com)

— The prospect that South Korea’s government-owned Korea Development Bank will invest in Lehman Brothers Holdings Inc grew dimmer as regulators said talks between the two parties ended.

— Fast-growing Vietnam moved to further open its financial sector, giving approval for the first foreign banks — HSBC Holdings (HSBA.L) (0005.HK) and Standard Chartered (STAN.L) — to open wholly owned units in the country.

— OPEC ministers appeared ready to shun an immediate production cut while warning that oversupply concerns could bring cutbacks.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below