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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

Sun Jun 8, 2008 8:19pm EDT

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SINGAPORE, June 9 (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.

FINANCIAL TIMES (www.ft.com)

-- Energy ministers of advanced nations expressed "serious concerns" about soaring oil prices and urged producers to lift production through greater investment and provide more transparency on oil supply data.

-- The value of mergers and acquisitions in the Asia-Pacific banking sector is soaring this year as regional lenders seek to take advantage of the weakness of global rivals to grab market share or spread geographic reach.

-- The cost of renting ships that transport key raw materials such as iron ore and coal have risen to all-time highs and put further pressures on inflation and the global economy.

WALL STREET JOURNAL (www.wsj.com)

-- Soaring oil prices are battering businesses and consumers around the world, but political leaders from Washington to Beijing appear unwilling or unable to respond with effective new energy strategies anytime soon.

-- A state-owned Singapore company that has been battling antitrust regulators in Jakarta has decided to exit its investment in PT Indosat (ISAT.JK), Indonesia's second-largest cellphone operator.



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