PRESS DIGEST- Financial Times - Oct 29

Reuters

Oct 29 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

OSBORNE TO LAUNCH ISLAMIC BOND PLAN

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SWISS LAUNCH CRIMINAL PROBE INTO F1 BRIBERY SCANDAL

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SPRAWLING G4S FACES QUESTIONS OVER CONTROL

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DEUTSCHE BORSE GETS OFFER TO SETTLE IRAN CASE FOR $152 MLN

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EADS plans to cull jobs and cut defence costs

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Overview

Britain's Chancellor of the Exchequer, George Osborne, isset to announce the country's plans to issue the first Islamicbond outside the Muslim world, hoping that the 200 million pound($322.62 million) bond will act as a catalyst for London tobecome a leading player in the sharia-compliant finance market.

Swiss prosecutors have begun a criminal investigation intoFormula One Chief Executive Bernie Ecclestone for bribing aGerman banker to smooth the sale of a stake in the motor racingbusiness to private equity firm CVC in 2006.

G4S, the world's largest security services firm,denied allegations of its involvement in the abuse - includingelectric shock treatment and forced injections - of inmates atits Mangaung prison in South Africa.

Germany's Deutsche Boerse said it had received anoffer from the United States to settle a probe into the exchangeoperator's alleged breach of U.S. sanctions against Iran for$152 million.

European aerospace group EADS is planning to axejobs and cut costs in a bid to restructure its defence business,which has been languished due to Europe's long-term decline inmilitary spending.

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