PRESS DIGEST-Financial Times, Wall St Journal Asia editions
Source: Reuters
SINGAPORE, March 9 (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) -- Billionaire investor George Soros said the yen carry trade was an important factor in recent market turbulence. He said it all started in China but "I think the Chinese market will be kept on an even keel, at least until after the Olympics" (interview). -- The management of Thai AirAsia is in talks to buy the 50 percent stake in the airline held by Shin Corp <SHIN.BK>, in what would be the organisation's first asset sale since it was taken over a year ago by Temasek Holdings [TEM.UL], the Singapore state investment company. -- Indonesian police investigating a mudflow in East Java that has been gushing up to 200,000 cubic metres of boiling sludge daily since last May announced they believe it was caused by poor management of an oil drilling operation. -- A senior representative of China's telecoms industry has slammed the government's introduction of new mobile phone services as slow, opaque and ineffective (interview of Shi Jixing vice chairman of the China Mobile Communications Association) WALL STREET JOURNAL (www.wsj.com) -- In a possible sign of the property legislation's sensitivity, the latest issue of an influential magazine that covered it (Caijing) was pulled earlier this week.
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