PRESS DIGEST-Financial Times, Wall St Journal Asia editions
ju4 wa4i dia4n zo1ng he2 ba4o da4o :\n  SINGAPORE, June 17 (Reuters) - The Financial Times and the\nWall Street Journal carried the following stories in their Asia\nprint and/or Web site editions on Tuesday.\nReuters has not verified these stories and does not vouch for\ntheir accuracy.\nFINANCIAL TIMES (www.ft.com)\n-- Anil Ambani, chairman of India's Reliance Communications\n<RLCM.BO>, is considering buying more than 40 percent of MTN\n<MTNJ.J>, Africa's biggest wireless company.\n-- The U.S. has held back approval of banking licences for\nChina's two biggest banks because of concerns over the role of\nChina's sovereign wealth fund as their largest shareholder, U.S.\nand Chinese officials say.\n-- PSA Peugeot Citroen <PEUP.PA> and Mitsubishi <7211.T> are\ndue to announce an agreement to co-operate on powertrains for\nelectric cars.\n-- Goldman Sachs <GS.N> is close to finalising a plan to\nrestructure a $7 billion investment vehicle formerly run by\nLondon-based hedge fund Cheyne Capital, in a move that could\npotentially usher in a crucial new phase in the credit turmoil.\n-- Japanese police have arrested four people suspected of\ninvolvement in a financial fraud that has ensnared investors\nincluding Lehman Brothers, which is suing Marubeni <8002.T> for\nY35 billion ($324 million) over the affair.\nWALL STREET JOURNAL (www.wsj.com)\n-- Japan and China are close to agreeing to jointly develop\ngas fields in disputed waters, possibly resolving a squabble that\nhas soured their relations for years.\n-- Macquarie <MQG.AX> and Babcock & Brown <BNB.AX> took steps\nthat could signal a further retrenchment of their funds from\npublic markets, the latest sign of investor skepticism over their\nbusiness model.\n-- The Supreme Court rejected an appeal from Exxon Mobil\n<XOM.N> to block a lawsuit over allegations that Indonesian\ntroops hired to guard a natural gas plant abused and killed\npeople on Exxon property.\n-- Japan's NTT DoCoMo <9437.T> agreed to buy a 30 percent\nstake in mobile carrier TM International (Bangladesh) for $350\nmillion.\n-- Honda's <7267.T> president said prices have to fall\nfurther for fuel-cell cars to reach the mass market, even as the\nJapanese car maker unveiled the latest generation of fuel-cell\nvehicle.\n($1= 108.2 Yen)\n((Compiled by Asia Desk, 65 6870-3821))