PRESS DIGEST – Financial Times – Aug 23

The Financial Times

BROKERS FACE FINES OVER ROLE IN FLASH CRASH

Brokers who failed to undertake proper checks on high
frequency traders could face potential fines as part of a probe
following the “flash crash,” the head of U.S. watchdog FINRA
said.
http://www.ft.com/cms/s/0/0ab57556-ae17-11df-bb55-00144feabdc0.html

FRANCE’S LAGARDE HITS BACK AT DEFICIT CRITICS

French Finance Minister Christine Lagarde said the
governments plans to cut its deficit are “realistic and prudent”
and denied that growth estimates are overly optimistic.
http://www.ft.com/cms/s/0/d1b79676-ae16-11df-bb55-00144feabdc0.html

BLACKSTONE INVESTS IN CHINESE HOUSING MARKET

U.S. private equity firm Blackstone (BX.N: ) has agreed a deal
with a major Hong Kong property developer to build luxury
apartments in the country including 1,000 new homes in northern
China.
http://www.ft.com/cms/s/0/65415dc8-ae17-11df-bb55-00144feabdc0.html

MF GLOBAL TO ENTER MONEY MANAGEMENT

MF Global Holdings (MF.N: ) will make a push into money
management and investment banking as it plans to capitalize on
its strength in commodities markets.
http://www.ft.com/cms/s/0/e7a4ba5c-ae13-11df-bb55-00144feabdc0.html

GIC EYES PROPERT ASSETS IPO

GIC, Singapore’s main sovereign wealth fund, is close to
giving the go-ahead for an initial public offering of its Global
Logistics Properties units valued between $2-3 billion.
http://www.ft.com/cms/s/0/1b9a270e-ae26-11df-bb55-00144feabdc0.html

ZTE WINS 200 MLN EURO TELENOR CONTRACT

ZTE (0763.HK: ), the telecoms equipment maker, has won a 200
million euro contract for Norway’s Telenor (TEL.OL: ) for as many
as 4.2 million users in Hungary.
http://www.ft.com/cms/s/0/f2f870f0-ade2-11df-bb55-00144feabdc0.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Aug 23