PRESS DIGEST- Financial Times - Aug 1

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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UPDATE 1-State AGs fighting T-Mobile, Sprint merger request new trial date in Dec

An attorney for a group of 13 state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.

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GLOBAL MARKETS-Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

* Fed cuts rates by 25 basis points, further cuts not certain

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UPDATE 1-Penn National makes major sports betting push with new deals

Casino operator Penn National Gaming Inc on Wednesday announced a spate of partnerships with sports book operators, including with digital sports media company theScore Inc., giving the partners access to sports betting markets across the United States in exchange for fees, equity and a share of betting revenues.

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Asian shares falter, dollar jumps as Powell dampens hopes for more rate cuts

Asian shares fell to six-week lows on Thursday and the dollar rose after the U.S. Federal Reserve delivered a 25-basis-point rate cut as expected but poured cold water on market expectations of a lengthy easing cycle.

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S&P cuts outlook on Singtel to negative from stable

Credit rating agency Standard & Poor's cut its outlook on Singapore Telecommunications to negative from stable, citing increasing competitive pressure in key markets as well as elevated cash needs for capital expenditure and dividend payout.

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Australia's Mineral Resources to sell larger stake in Wodgina to Albemarle

Mineral Resources Ltd on Thursday said that Albemarle Corp, the world's largest lithium producer, would now buy a 60% stake in its Wodgina Lithium Project, instead of the previously agreed 50%.

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Hal Prince, Giant of Broadway and Reaper of Tonys, Dies at 91

By BRUCE WEBER from NYT Theater https://ift.tt/32ULDTg

Bolton says North Korea tests didn't violate pledge to Trump, but no word on talks

U.S. national security adviser John Bolton said on Wednesday North Korea's recent missile tests did not violate a pledge its leader Kim Jong Un made to President Donald Trump, but Pyongyang had yet to say when working-level talks on denuclearization would resume.

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State AGs fighting T-Mobile, Sprint merger request new trial date in Dec

An attorney for the state attorneys general who filed a lawsuit in hopes of stopping T-Mobile U.S. Inc's $26 billion merger with Sprint Corp has requested a new trial date for the case.

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UPDATE 2-Brazil's Vale dam disasters trigger $2 bln in fresh writedowns

Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years.

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Australia's Qantas says it will not trim Alliance stake despite competition concerns

Australian flag carrier Qantas Airways Ltd said it had no plan to cut its stake in Alliance Airlines, after the competition regulator raised concerns over its acquisition of 19.9% in its rival.

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UK PM Johnson faces first electoral test in vote for Welsh parliamentary seat

British Prime Minister Boris Johnson could see his working majority in parliament reduced to just one when voters in a rural Welsh parliamentary seat go to the polls on Thursday in his first electoral test as leader.

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GLOBAL MARKETS-Asian shares seen falling on 'hawkish' Fed outlook

* Fed cuts rates by 25 basis points, further cuts not certain

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