PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, Nov 16 (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)
- China's commerce ministry warned that a slowing U.S. economy would trigger a drop in Chinese exports that would mark a "turning point" for China's rapid economic growth.
- The future of trading on the floor of the New York Stock Exchange was called into question when Duncan Niederauer, incoming chief executive of NYSE Euronext, said he planned to change the role of NYSE marketmakers, known as specialists, and two of the floor's seven specialist firms quit the exchange.
- International private equity funds facing ever more intense competition for deals in China are considering a new tactic -- raising local currency renminbi funds, possibly in partnership with pools of local capital.
- Carrefour (CARR.PA: Quote, Profile, Research, Stock Buzz) of France is planning to enter India through the wholesale "cash-and-carry" format as it seeks to tap one of the world's most promising retail markets, people familiar with the plan say.
- Colony Capital, the U.S. private equity group and one of the world's largest property investors, is considering selling a stake to a Middle Eastern sovereign wealth fund.
- Abu Dhabi is set to take a 9 percent stake in Advanced Micro Devices (AMD.N: Quote, Profile, Research, Stock Buzz), the U.S. chipmaker whose work includes government contracts, a deal that underlines the purchasing power of sovereign wealth funds across the globe. Continued...
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