Reuters: Regulatory News: PRESS DIGEST - Wall Street Journal - June 1

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PRESS DIGEST - Wall Street Journal - June 1 Jun 1st 2012, 07:08 June 1 | Fri Jun 1, 2012 3:08am EDT June 1 (Reuters) - The following were the top stories in The Wall Street Journal on Friday. Reuters has not verified these stories and does not vouch for their accuracy. * Up to $100 billion is tied up in aging, largely dormant buyout funds that continue charging management fees even as hopes of profiting from their remaining assets have faded. * The nascent market in Hong Kong for yuan denominated bonds, known as "dim sum" bonds, has hit the brakes in recent months: Trading volumes have fallen as investors fret over European turmoil, and new issues of the securities have slowed. * The economies of Asia, both the emerging markets and the more developed countries, are being hit by a double whammy of slowing domestic growth and the impact of the European debt crisis on Asian exports and finance. * Manufacturing activity in China and across a wide swath of Asia slowed in May, heightening fears that the turmoil in Western economies is dragging down one of the few remaining engines of global growth. * After denial, anger, bargaining and depression, investors seem ready to enter the final stage of grief over low yields: acceptance. * The U.S. grew slower during the first quarter than previously thought and continued weakness in the job market and elsewhere suggests the economy is struggling to gain traction. * Federal regulators delayed new rules to establish standards for the mortgage-lending industry, a move that could further hold back the thin market in mortgage-backed securities not supported by the federal government. Link this Share this Digg this Email Reprints

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