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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Sun Jun 1, 2008 9:08pm EDT

Stocks

   

SINGAPORE, June 2 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or website editions on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

China

FINANCIAL TIMES (www.ft.com)

-- Ichiro Ozawa, leader of Japan's main opposition party, said he was confident the Liberal Democratic party could be swept from office this year, ending its half-century domination of power.

-- Toyota (7203.T), the world's top-selling carmaker, is considering downgrading its U.S. sales forecast to account for a worsening outlook for pick-up trucks and other big vehicles in its largest market.

-- International regulators and supervisors have started drawing up plans to make it far more expensive for investment banks to hold large volumes of complex financial instruments, such as mortgage-linked securities, in their trading books.

WALL STREET JOURNAL (www.wsj.com)

-- HSBC (HSBA.L) will maintain its focus on fast-growing emerging markets, including China and India, as well as in U.S. operations that target Hispanic customers, its CEO said.

-- China Merchants Bank Co. (3968.HK) agreed to buy Wing Lung Bank Ltd. 0096.HK in a deal valuing the Hong Kong lender at $4.7 billion, according to people familiar with the situation.



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