SINGAPORE, Oct 22 (Reuters) - The Financial Times and the
Wall Street Journal carried the following stories in their Asia
print and/or Web site editions on Monday.
Reuters has not verified these stories and does not vouch for
their accuracy.
FINANCIAL TIMES (www.ft.com)
-- A committee of top international bankers warned that the
proposed $75 billion mortgage securities superfund must be
transparent in its pricing of assets if it is to help restore
market confidence.
-- India is planning its largest ever auction of oil and gas
exploration blocks and has set a tentative start date of
mid-November to begin marketing the sale around the world.
-- Beijing's sprawling Shougang <000959.SZ> steelworks has
promised to slash production for a full three months next year to
help ease air pollution in the Chinese capital during the Olympic
Games, but expects to receive government compensation for its
"sacrifice".
-- PetroChina <0857.HK>, the world's largest energy company,
has launched its long-awaited local initial public offering,
which could raise more than $9 billion in what would be the
largest domestic listing.
-- Telstra <TLS.AX>, Australia's dominant telecoms group is
again braced for a shareholder revolt over executive pay after
ISS Governance Services, which advises investors on voting, urged
shareholders to reject the group's remuneration report.
-- Pakistan's government plans to enforce new laws banning
political marches on the streets during the upcoming election
season in the wake of last week's devastating bomb blasts in
Karachi that wrecked opposition leader Benazir Bhutto's
homecoming parade and left at least 140 people dead.
-- Real estate magnate Wang Jianlin pours more than 2 billiom
renminbi into building a new film production base in Yunnan to
make morally positive entertainment for local edification.
-- China's Communist party has cleared the way for the
appointment of a new senior leadership group following the
retirement of a powerful vice-president and two other members of
the nine-strong politburo inner circle.
WALL STREET JOURNAL (www.wsj.com)
-- Opposition to the United Auto Workers pact with Chrysler
LLC continued to swell through the weekend as workers at two more
plants voted against the deal, raising the pressure on the
union's leadership to drum up support to save the contract.
-- The real-estate slowdown that hit the United States is
spreading to Europe. Home prices in some of Europe's hottest
markets are falling after a decade of double-digit-percentage
price increases.
-- Alibaba is expected to unveil the Hong Kong initial public
offering of business-to-business Web site Alibaba.com to retail
investors on Monday.
-- Permira [PERM.UL] agreed to buy Japanese agrichemical
firm Arysta LifeScience for about $2.2 billion in a deal that
might reignite interest in the country's struggling
private-equity market.
-- CVC Capital Partners Ltd. has invested $225 million in a
Chinese plastic-bottle manufacturer, as foreign private-equity
firms start to seal bigger deals in China.
((Compiled by Asia Desk, +65 6870-3821))
Keywords: ASIA PRESS BUSINESS