In Wednesday's Americas papers

23 May 2007 13:19  [Source: ICIS news]

THE WALL STREET JOURNAL

Front Page

 

Chariot racing stages a comeback

Modern charioteers around the globe are enduring bone-jarring bumps to revive the contests that thrilled the ancients and, more recently, launched a genre of Hollywood sword-and-sandal movies.

 

Why optimists say this bull has legs

Some investors believe that the current bull market could last a decade, though growth in shares, if maintained, is expected to be slower than in the '90s boom.

 

In Litvinenko case, a long list of enemies

British prosecutors accused ex-KGB agent Andrei Lugovoi in the murder of Kremlin critic Litvinenko. Meanwhile, a videotape shows some of Litvinenko's former colleagues had reasons for wanting to punish him.

 

Money & Investing

 

Japanese bank recovery struggles

Japanese bank Mizuho said its fiscal-year net fell 4.4% after three years of rising profits. The news follows Sumitomo Mitsui's report that net plunged 36%.

 

The China solar hotbed        

Chinese solar-power companies are descending on US stock markets, offering investors a new way into one of the fastest-growing corners of the renewable-energy industry.

 

Dow slips despite oil’s drop

A late sell-off nudged stocks lower despite a steep drop in crude-oil prices due to a rare bout of optimism regarding the country's energy supply.

 

THE NEW YORK TIMES

Front Page

 

Democrats pull troop deadline from Iraq bill

The decision was a wrenching reversal for leading Democrats, who saw their election triumph as a call to end the war.

 

As comrades search, fatal bomb wrecks havoc

US soldiers lost one of their own on Saturday in an effort to follow a creed: no soldier left behind.

 

Business Day

 

Worth a lot, but are hedge funds worth it?

When Institutional Investor’s Alpha magazine released its annual list of the highest paid hedge fund managers last month, it allowed the rest of us to play an entertaining little parlour game: what could you buy if you made as much money as those guys?

 

Cracks in the financial foundation

The World Bank, the IMF and the WTO are now facing questions about their relevance in a global economy.

 

THE WASHINGTON POST

Front Page

 

Democrats drop timeline from Iraq spending bill

Democrats concede on withdrawal deadlines; plan establishes benchmarks for the Iraqi government and requires President Bush to report on progress.

 

New Iraq strategy nearly ready

Commanders hope to remove divisive sectarian leaders from key positions to stem violence.

 

Business

Sallie Mae forced out CEO, sources say

Thomas J. Fitzpatrick abruptly resigns in what sources say is part of company's campaign to improve its tattered image on Capitol Hill.

 

In India, a retail revolution

Large chain stores on the rise show how India's growing affluence is slowly changing its people's habits.

 

GLOBE AND MAIL, Canada

Front Page

 

Musharraf backs Taliban talks

Exclusive: Pakistan's President shrugs off increased militancy in border region.

 

Harper tours front line in Afghanistan

PM also offers clear hint that Canadians will be fighting in Afghanistan long beyond February 2009 expiry date for current mission

 

Business

 

Alcan rejects Alcoa, turns to BHP

Alcan Inc. [AL-T] has entered early-stage discussions with global mining giant BHP Billiton Ltd. as it looks to fend off an unwanted takeover attempt by US rival Alcoa Inc., [AA-N] according to people familiar with the matter.

 

Norilsk raises offer for LionOre

Norilsk Nickel increased its bid for LionOre Mining International Ltd. to $6.8bn (€5.1bn) on Wednesday, raising the stakes in its battle with Xstrata Plc for the Canadian miner.

 

BUENOS AIRES HERALD

Front Page

 

Government takes over gas regulator

Enargas, the government regulatory agency responsible for monitoring the distribution of natural gas, was placed under trusteeship yesterday by order of President Nestor Kirchner.

 

Cutty Sark gutted

The 19th-century clipper The Cutty Sark is seen after a fire yesterday at the ship's dry dock in Greenwich, east London.

 

No subway strike; free rides

Today and tomorrow subway passengers can enjoy a free ride. Subway employees have promised to unlock the turnstiles and allow everyone free access to the trains.

 

($1= €0.74; $1 = C$1.08)

By: Staff Reporter
+44 20 8652 3214

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