Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, June 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)
-- General Motors GM.N will file for Chapter 11 bankruptcy protection in New York on Monday in a humiliating fall from grace for a symbol of America's industrial might and the world's biggest carmaker for much of the 20th century.
-- U.S. Treasury Secretary Tim Geithner begins two days of top-level economic talks in Beijing on Monday amid a tightening focus on the need for the U.S. and China to co-ordinate their exit strategies from the financial crisis. --
WALL STREET JOURNAL (www.wsj.com)
-- A bond default by Chinese timber company Mandra Forest Finance is the latest example of trouble emerging from complex debt deals that foreign investors rushed to strike in China during the past few years.
-- Money managers that invest in U.S. and other big developed markets are paying more attention to what's going on in places like China and Brazil as it becomes clear that emerging-market economies would hold up best and rebound first from the downturn.
-- EU regulators are pursuing tough new sanctions against Microsoft (MSFT.O) that could force it to add rival Web browsers to Windows.
