PRESS DIGEST – Financial Times – Nov 24

The Financial Times

IRISH GOVERNMENT PLANS MAJORITY STAKE IN BANK OF IRELAND

Ireland’s government will take a majority stake in Bank of
Ireland (BKIR.I: ), according to Irish government officials.
http://www.ft.com/cms/s/0/62c33278-f733-11df-9b06-00144feab49a.html#axzz16AA8dEZO

JPMORGAN SET TO AXE PLANS FOR 1.5 BLN POUND HQ

JPMorgan Chase (JPM.N: ) is close to axing plans to build a
1.5 billion pound European headquarters in Canary Wharf, opting
instead for the former UK premises of Lehman Brothers in the
Docklands financial centre.
http://www.ft.com/cms/s/0/5b9be95e-f742-11df-9b06-00144feab49a.html#axzz16ADOHjJd

UK OPENS DOOR TO WEALTHY MIGRANTS

Britain will make it easier for wealthy individuals to
immigrate, the Home Secretary said, in a policy that aims to
promote the UK as the destination of choice for rich foreigners
seeking a new home.
http://www.ft.com/cms/s/0/a81d2cde-f706-11df-8feb-00144feab49a.html#axzz16AE6lVP5

WESTINGHOUSE GIVES CHINA DETAILS OF NUCLEAR TECHNOLOGY

Westinghouse Electric (WAB.N: ) has handed over more than
75,000 documents to its Chinese customers as the initial part of
a technology transfer agreement that it hopes will secure the
company’s place in the world’s fastest-growing nuclear market.
http://www.ft.com/cms/s/0/fcac14a8-f734-11df-9b06-00144feab49a.html#axzz16ADU9Pl4

FED CONSIDERED LONG-TERM RATE TARGET IN SECRET

The U.S. Federal Reserve considered a radical change to its
monetary policy at an unannounced meeting in mid-October which
could have committed it to buying an unlimited amount of
securities, according to the minutes of its November meeting.
http://www.ft.com/cms/s/0/63b58a42-f737-11df-9b06-00144feab49a.html#axzz16AEse6gA

CSC IN TALKS TO BUY 1.6 BLN POUND MANCHESTER MALL

British retail property firm Capital Shopping Centres
(CSCG.L: ) is close to agreeing the purchase of the Trafford
Centre, a 1.6 billion pound shopping centre near Manchester.
http://www.ft.com/cms/s/0/a921ddae-f743-11df-9b06-00144feab49a.html#axzz16ABPRTve

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Nov 24