PRESS DIGEST- New York Times business news - March 13

March 13 (Reuters) - The following are the top stories on

the New York Times business pages. Reuters has not verified

these stories and does not vouch for their accuracy.

- Mark Tucker, chief executive of the Asian life insurer

AIA Group, is set to replace Douglas Flint as chairman

of HSBC in October, the bank said on Sunday.

- Iceland's finance ministry said on Sunday that in the

coming week it would lift the remaining capital controls that

have been in place since the financial crisis in 2008, easing

restrictions on households and businesses.

- China's commerce minister castigated what he called "blind

and irrational investment." At a news briefing during the annual

meeting of China's congress, the minister, Zhong Shan, said

officials planned to intensify supervision of what he called a

small number of companies.

(Compiled by Parikshit Mishra in Bengaluru)