PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, April 14 (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)
-- Taiwan and China are expected to move quickly to begin a new round of dialogue and economic co-operation after leaders set a surprisingly concrete agenda for talks in a landmark bilateral meeting in China at the weekend.
Hu Jintao, China's president, said Beijing would continue to push talks on allowing cross-Strait charter flights.
-- South Korea's new president, Lee Myung-bak, will make his first overseas trips to the US and Japan this week, hoping to strengthen alliances with allies that have weakened under his liberal predecessor.
-- Dubai International Capital and Hong Kong's First Eastern Investment Group are establishing a $1 billion fund to invest in Chinese companies seeking to both do business in the Gulf region and to list in the emirate.
-- India has overtaken Japan as the largest Asia-Pacific market by sales for U.S. group Turner, part of Time Warner (TWX.N) underlining the growing importance of the subcontinent to entertainment conglomerates.
WALL STREET JOURNAL (www.wsj.com)
-- Samsung Group's Chairman Lee Kun-hee , said on Friday he will take "all moral and legal responsibility" for any wrongdoing concerning a corruption case at South Korea's biggest conglomerate.
-- Investment banks, such as Morgan Stanley (MS.N), JP Morgan (JPM.N), and Deutsche Bank (DBKGn.DE) are shipping some of their best talent to Asia, following the money as deals are drying up elsewhere, to bulk up their business in a booming region.
-- India has unveiled an annual trade policy that aims to boost exports while cooling prices of some commodities, suggesting that concerns about inflation may be taking precedence as an election looms.
