Sunday, August 5, 2007

PRESS DIGEST-Financial Times, Wall St Journal Asia editions

(Reuters) - --World markets face a nervous start to the week following
the plunge in stocks in the United States on Friday as concerns
mounted about fallout from the US mortgage market turmoil. The
late sell-off in New York followed comments by the chief
financial officer of Bear Stearns , who said credit
markets were as bad as he had seen in 22 years.




--Japan's Prime Minister, Shinzo Abe,is expected to
reshuffle his cabinet and convene an extraordinary session of
parliament at the end of the month to try to keep his job after
his party's trouncing in upper house elections.


Read more at Reuters.com Mergers News

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