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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Thu Jul 3, 2008 8:13pm EDT

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SINGAPORE, July 4 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and website editions on Friday. Reuters has not verified these stories and does not vouch for their accuracy. FINANCIAL TIMES (www.ft.com)

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-- BHP Billiton (BHP.AX)(BLT.L), the mining company, is expected to agree to a record increase in the price of iron ore supplies to its largest Chinese customers, in line with a settlement negotiated last week by rival Rio Tinto.

WALL STREET JOURNAL (www.wsj.com)

-- Taiwan plans to relax restrictions on investment by mutual funds in China-related stocks, in a further move to develop its asset-management industry.

-- The head of Mahindra & Mahindra Ltd.'s (MAHM.BO) automotive business said the Indian company remains bullish on its chances of success in the U.S. starting next year despite the collapse of the markets for pickup trucks and sport-utility vehicles, the only two product categories in which it can currently compete.

-- India's Reliance Industries Ltd. (RELI.BO) continued to pressure Reliance Communications Ltd.'s (RLCM.BO) deal talks with MTN Group Ltd. (MTNJ.J), writing to ask Reliance Communications to meet for discussions in a possible prelude to going to court.

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