PRESS DIGEST- Financial Times - June 11

June 11 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- Rolls-Royce group wins government backing to build UK's first small modular nuclear reactors

- Private capital group Blackstone plots $500 billion expansion in Europe

- EU targets Chinese plywood in latest defence of domestic industries

- U.S. and Switzerland end stalemate over client information

Overview

- Britain has selected Rolls-Royce RR.L SMR to build the country's first small modular nuclear reactors (SMR) as part of its plan to speed up the decarbonisation of the power network from the mid-2030s.

- Blackstone Group BX.N plans to ramp up its investments across Europe as the private capital group bets economic reforms will revive growth after years of US outperformance.

- The EU has imposed anti-dumping duties on Chinese plywood imports, just a few days after Beijing tried to ease trade tensions between the two.

- The U.S. and Switzerland have resolved a years-long stalemate over sharing data on client investments, a step that will let Washington have greater visibility into assets held in the European banking hub.