PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, Nov 2 (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)
- Global investors succumbed to a new bout of jitters amid concerns that a host of big western financial institutions are nursing additional, serious problems related to America's troubled mortgage markets.
- Citigroup (C.N: Quote, Profile, Research, Stock Buzz) led the banking sector down with its shares plunging more than 6 percent after analysts warned that further writedowns could leave it short of capital.
- Blackstone (BX.N: Quote, Profile, Research, Stock Buzz) has teamed up with China National BlueStar to bid for Nufarm (NUF.AX: Quote, Profile, Research, Stock Buzz), the Australian agricultural chemicals maker, in a move that underlines the buy-out firm's strengthening ties with China.
- A top Yahoo (YHOO.O: Quote, Profile, Research, Stock Buzz) official who has come under fire for the company's role in the 2004 imprisonment of a dissident in China apologised for failing to tell U.S. lawmakers that Yahoo knew more about the case than he initially acknowledged in testimony last year.
- ExxonMobil (XOM.N: Quote, Profile, Research, Stock Buzz), the world's biggest oil company, said it saw demand continuing to grow in spite of soaring oil prices. The comments came as Exxon disappointed Wall Street with worse-than-expected results as the impact of high oil prices hit profit, even though revenues reached a quarterly record. - Japan ordered its naval refuelling vessels to leave the Indian Ocean, ending six years of operations to supply free oil for U.S.-led military operations in Afghanistan. WALL STREET JOURNAL (www.wsj.com)
- Ford (F.N: Quote, Profile, Research, Stock Buzz) is making a mid-course correction in its restructuring plan, as the auto maker is looking to trim internal budgets and spending. Chrysler LLC plans to cut more than 10,000 jobs and pare its model lineup Continued...
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