PRESS DIGEST-Financial Times, Wall St Journal Asia editions
SINGAPORE, March 7 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and Web site editions on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
FINANCIAL TIMES (www.ft.com)
-- France and Germany are finalising changes to EADS' corporate by-laws to prevent foreign investors building significant stakes in -- or even taking over -- Europe's flagship aerospace and defence company.
-- The head of China's central bank said that Chinese citizens could be allowed to invest directly in stocks in London, Tokyo or Singapore as well as in Hong Kong.
-- South Korean creditors agreed to speed up the long-awaited sale of a 49.7 per cent stake in Hyundai Engineering and Construction (000720.KS: Quote, Profile, Research) that is likely to be one of the biggest deals in Korea's mergers and acquisitions market this year.
-- China Railway's (600528.SS: Quote, Profile, Research) dual listing in Shanghai and Hong Kong, which aims to raise $5.44 billion, is being closely watched as an indication of the appetite for flotations in the two financial centres.
-- The European Union is to hold talks in Beijing over climate change, the bloc's trade deficit with China and other economic issues.
-- Vietnam plans to allow its local currency, the dong, to trade more flexibly against the dollar, as part of measures to fight soaring inflation, the government has said.
WALL STREET JOURNAL (www.wsj.com) Continued...





