In Tuesday's Europe papers

27 March 2007 07:05  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 07:00 GMT in the following European newspapers’ online versions on Tuesday. To go to the individual websites, click the links below:

 

Financial Times

Front page

 

Eon wins key ally in Endesa battle

Eon on Monday night won ground in the tense €42bn ($56bn) battle for Endesa when the third-largest shareholder in the Spanish electricity group voted to align itself with the German utility.

 

N Ireland’s political opposites reach deal

The body language was wary, rather than warm; there was no handshake and no private pleasantries but on Monday Ian Paisley and Gerry Adams – two leaders who have personified Northern Ireland’s bitter sectarian divide – took a historic step towards a long-term peace in the province.

 

Companies and markets

 

BP blast probe finds tensions at top

An internal BP investigation into the Texas City refinery explosion found John Manzoni, the chief executive of refining, should have done a “much deeper dive” into the true state of the facility after “clear warning signals” from previous accidents.

 

Chip equipment makers weigh down Tokyo

A rise in real estate stocks was countered by a fall in chip-equipment makers, leaving the Japanese stock market a touch down on Tuesday morning from Monday’s one-month closing high.

 

International Herald Tribune

Front page

 

Plea of guilty from detainee in Guantánamo

In the first conviction of a Guantánamo detainee before a military commission, an Australian who was trained by Al Qaeda pleaded guilty here Monday to providing material support to a terrorist organization.

 

Rivals in Ireland agree to plan for joint government

After years of hostility and recriminations, the leaders of Northern Ireland's dominant rival groups, Gerry Adams of Sinn Fein and the Protestant leader, the Rev. Ian Paisley, held their first face-to-face talks on Monday and agreed to form a joint administration for the province on May 8.

 

Marketplace

 

Kremlin is lowering the curtain on Yukos

Only a few visible traces of Yukos Oil remain in Nefteyugansk, a remote Siberian town so inseparable from Russian energy wealth that it has neft, or oil, in its name. Here and there, workers' barracks, trucks and some aging equipment are still painted yellow and green, the colour of Yukos's logo.

 

E.ON gains advantage in battle for Spanish utility

The German energy company E.ON's chances of winning its protracted takeover bid for Endesa, a Spanish utility, took a big step forward Monday.

 

The Moscow Times

Front page

 

Chinese banks offer $2bn (€1.5bn) in loans

President Vladimir Putin welcomed Chinese President Hu Jintao into the lavish halls of the Kremlin on Monday to oversee the signing of several multimillion-dollar investment deals and to exchange niceties on relations between the two countries.

 

Reading is going the way of the Soviet Union

Yulia Ageyeva, a 14-year-old ninth-grader, grasped for words when asked to name any book that she had read aside from those assigned in school last year.

 

Business

 

Norilsk says it will spin off power firm

Norilsk Nickel on Monday laid out its plans to dominate the power sector, announcing it would spin off a $6.7bn (€5bn) electricity company by the end of the year to create what could become the market's leading player.

 

MMK share float tests market nerves

Steelmaker Magnitogorsk, or MMK, said Monday that it would float shares in London and Moscow, which analysts say will be a key test of investor demand at a time of emerging market jitters.

 

Der Spiegel

Front page

 

'We warned the United States'

Iranian Foreign Minister Manouchehr Mottaki, 53, discusses efforts to resolve the conflict over Tehran's nuclear program, his country's right to resist and its offer to help bring peace to Iraq.

 

Germany's 'first husband' makes rare appearance

Dubbed "Phantom of the Opera" because his public appearances are so rare, Chancellor Angela Merkel's husband, camera-shy chemistry professor Joachim Sauer, startled photographers by laughing and smiling as he entertained the wives of EU leaders during the weekend Berlin summit.

 

Turkish Daily

Front page

 

Mustache goes a long way to create awareness

A few well-known women last week initiated a campaign to create awareness for the lack of top female politicians in Turkey by donning ties and posters featuring drawn moustaches on their faces, attracting nationwide attention and creating a commotion that should have cost them 100 times the money they spent

 

'Sub-zero lives' in non-existing country

What does suburb mean? The word 'varoş,' which means 'suburb' in English, has been out since the early 1980s. Some say it means 'those who live outside of the city walls' and it is originated from Hungarian. Some say the word transited from Turkish to Hungarian and it has the meaning 'to arrive' or 'arrival.' In both cases, suburb represents people who are out-comers to city and who remain outside of central protection system.

 

Business and finance

 

TMSF to stop transferring money to Treasury

Under the leadership of Ertürk, TMSF is attempting to diminish the corruption in its midst. Its move to stop transferring money to the Treasury is aiming to prevent money that TMSF collected from going right back to the debtors' hands as "party aid" funds.

 

Rabobank says will be part of Europe bank M&A

Dutch cooperative bank Rabobank "definitely" plans to play a part in European banking consolidation and is in regular talks with other banks about possible deals, its chief financial officer said on Friday.

 

Warsaw Business Journal

Front page

 

National Security Council to debate US anti-missile shield

Today the National Security Council called by the President Lech Kaczynski is to discuss the issue of the US proposal to base part of its anti-missile system in Poland.

 

Prison warden opens fire on officers - kills three

Dramatic events took place at 8 a.m.yesterday in a prison in Sieradz, where 29-year old guard, Damian C., opened fire at police officers and one convict.

 

Business

 

IHG aims to establish 50 hotels in Poland

London-listed hotel network Intercontinental (IHG), which currently controls seven hotels in Poland, is in talks with domestic partners concerning speeding up its expansion.

 

BBI Capital makes a move for Orange's distributor

BBI Capital NFI, owner of Tell, the largest distributor of Orange mobile services, wants to increase the company's capital by zl.7m ($.6m, €.4m).


By: Staff Reporter
+44 20 8652 3214



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