PRESS DIGEST – Financial Times – July 14

The Financial Times

EFSF CHIEF EXPECTS AAA RATING FOR CRISIS FUND

The euro zone’s emergency loan facility expects to be
awarded the top triple-A credit rating next month, Chief
Executive Klaus Regling said.
http://www.ft.com/cms/s/0/f68a5c84-8eb5-11df-8a67-00144feab49a.html

BSKYB IN TALKS TO LAUNCH ARABIC SERVICE

British Sky Broadcasting (BSY.L: ) is in talks with a private
Abu Dhabi investor to launch a 24-hour rolling Arabic news
service based in the UAE capital.
http://www.ft.com/cms/s/0/4b0c15c4-8e91-11df-8a67-00144feab49a.html

AFRICAN MINERALS IN $1.5 BLN CHINA PACT

Oil entrepreneur Frank Timis sealed his second financing
deal this year between Chinese state-owned Shandong Iron and
Steel Group and the London-listed Africa Minerals Ltd, a Sierra
Leone iron ore company.
http://www.ft.com/cms/s/0/8e2c6de6-8e54-11df-964e-00144feab49a.html

TRADERS RUSH TO LAUNCH NEW HEDGE FUNDS

Top traders worried that tougher regulatory measures on
banks on Wall Street and the City of London could force them out
are starting new hedge funds before the measures kick in.
http://www.ft.com/cms/s/0/f68a5c84-8eb5-11df-8a67-00144feab49a.html

UK’S BT PENSION LIABILITY MAY REACH $34.6 BLN

UK taxpayers could be forced to pay up to $34.6 billion if
telecoms provider BT (BT.L: ) becomes insolvent and its pension
scheme is scrapped, papers submitted to the High Court said.
http://www.ft.com/cms/s/0/f0efe488-8eba-11df-8a67-00144feab49a.html

CARREFOUR TO SLIM DOWN ASIA OPERATIONS

French hypermarket chain Carrefour (CARR.PA: ) plans to slim
down its operations in Asia by pulling out of Thailand, Malaysia
and Singapore which had total sales last year of $1.27 billion,
15 percent of Carrefour’s Asia sales.
http://www.ft.com/cms/s/0/0df317ca-8e99-11df-8a67-00144feab49a.html

PRESS DIGEST – Financial Times – July 14