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Friday May 16, 9:20 AMPRESS DIGEST-Financial Times, Wall St Journal Asia editionsSINGAPORE, May 16 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and website editions on Friday. Reuters has not verified these stories and does not vouch for their accuracy.FINANCIAL TIMES (www.ft.com) - The death toll from Monday's earthquake in China could reach as high as 50,000 people, the State Council said, indicating that hopes are fading for the tens of thousands of people who are still buried under collapsed buildings. - A family power struggle for control of Sun Hung Kai Properties , one of Hong Kong's biggest quoted property developers, boiled over in public as the chairman won a last minute court injunction to stop what he claimed was a boardroom coup led by his two younger brothers. - Sir Run Run Shaw, the centenarian founder and chairman of Television Broadcasts, is in talks to sell his stake in the world's leading Chinese language broadcaster -- a sale that has attracted interest from international private equity groups including Bain Capital and Blackstone . - Subprime losses at Mizuho Financial Group reached 645 billion yen ($6.14 billion) last fiscal year, 80 billion yen more than Japan's second-largest bank estimated about a month ago, when it revised down its forecast for the third time since November. WALL STREET JOURNAL (www.wsj.com) - Myanmar's military regime said it has won overwhelming support for a new government-backed constitution, while the military limits the flow of aid to cyclone victims. - The China Iron & Steel Associationp asked Chinese steel mills and traders to boycott Rio Tinto's spot iron-ore sales, alleging it isn't meeting long-term contract obligations. - The United States is going to bar Chinese companies that fail to meet product-quality certification standards from the U.S. market. |
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