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PRESS DIGEST-Financial Times, Wall St Journal Asia editions

06 Feb 2007 00:34:46 GMT
Source: Reuters

SINGAPORE, Feb 6 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL TIMES (www.ft.com)

-- China and the United Nations are working to set up a carbon trading exchange in Beijing -- a move that could establish the Chinese capital as an important centre for the multibillion-dollar global trade in carbon credits, according to the U.N.'s top official in China.

-- Prices of flash memory chips have plunged to a critical "tipping point" that could see them replacing hard discs as the storage technology of choice on laptop computers within two years.

WALL STREET JOURNAL (www.wsj.com)

-- U.S. oil major ConocoPhillips <COP.N> has asked for arbitration in a dispute with China National Offshore Oil Corp <0883.HK> over costs incurred because of Beijing's windfall tax on oil sales, according to people familiar with the situation.

-- Taiwan Semiconductor Manufacturing Co <2330.TW><TSM.N> said it has opened a liaison office in Bangalore to serve its customers with chip-designing operations in India.

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Last updated:Tue Feb 6 00:36:06 2007