In Tuesday’s Europe papers

12 June 2007 07:00  [Source: ICIS news]

LONDON (ICIS news)--These were the top stories at 06:00 GMT in the following European newspapers’ online versions on Tuesday. To go to the individual websites, click the links below:

 

Financial Times

Front page

 

Blackstone founders to net $2.5bn

Blackstone co-founders Pete Peterson and Steve Schwarzman will together reap as much as $2.6bn (€1.9bn) from the US buy-out group’s initial public offering, the firm revealed in an unprecedented disclosure of its compensation details.

 

UAE paves way to foreign ownership

United Arab Emirates is preparing a law that would open the economy to greater foreign ownership, ending decades of restrictions that ensured local corporate dominance.

 

Companies and markets

 

Private equity sets its sights on big pharma

The growing ambition and financial muscle of private equity plus the recent disappointing performance of the drug-makers is starting to make the unthinkable possible.

 

Still waters run deep in dispute at Wahaha

The dispute between Wahaha and Danone could lead to their joint venture, one of the most successful in China, falling apart.

 

International Herald Tribune

Front page

 

Thai anti-graft panel freezes assets of ousted Prime Minister Thaksin

An anti-corruption panel ordered more than $1.6bn (€1.1bn), in assets belonging to ousted Thai Prime Minister Thaksin Shinawatra and his wife to be frozen pending court rulings on whether it was illicitly obtained.

 

Rights groups warn of rise in abductions in Philippines

The use of kidnappings and torture may be a retreat from higher-profile killings; the military denies any involvement in the intimidation of leftist activists.

 

Marketplace

 

Boeing wins $3bn order from Aeroflot for dream-liners

Boeing, the US manufacturer of commercial aircraft, won an order valued at about $3bn (€2.2bn) from Russia's Aeroflot for 22 dream-liner passenger jets in a possible sign of better US-Russian relations.

 

GM, Ford, Chrysler discuss joint health-care fund

General Motors, Ford Motor and Chrysler are considering creating an independent health-insurance fund to trim their combined capital of $114bn (€85bn) in future retiree health care obligations.

 

The Moscow Times

Front page

 

Sakhalin pep talk from 'old blood and guts'

From the beaches of Normandy to the wilds of Sakhalin, sometimes we all need a little pep talk.

 

Zhukov's son gets 14 months in prison

A London court sentenced the 24-year-old son of Deputy Prime Minister Alexander Zhukov to 14 months in prison Friday, one month after it convicted him of assault causing bodily harm.

 

Business

 

EBRD: diversify healthy economy

Russia's economy is healthy but the country must focus on diversification and improving its infrastructure, EBRD president Jean Lemierre said in an interview.

 

Suzuki will build $115m St. Pete plant

Suzuki Motor Corporation signed an agreement on Friday to build a $115m (€86m) plant in St. Petersburg that will produce its popular Grand Vitara and SX4 models.

 

Der Spiegel

Front page

 

Why trains go a lot faster in France than in Germany

Germany's ICE high-speed rail network now includes a connection to Paris. But the critically acclaimed German train, which has become an export succcess, is only able to travel at high speeds once it crosses the border into France.

 

US plans new travel restrictions for Europeans

Michael Chertoff, US secretary for homeland security, discusses the dispute between US terror investigators and EU privacy regulators about the use of passenger data and an extremely controversial proposal that would require Europeans to register online two days before traveling to America.

 

Turkish Daily

Front page

 

Measuring Turkey's investment desirability

The Global Political Risk Index (GPRI), produced and developed by the New York-based Eurasia Group, is the first comparative index designed to measure stability in emerging markets.

 

German TV neglects Turkish minority

A recent study carried out by a German research institute has found that more than half of the Turkish people living in Germany are watching Turkish television channels and television series, highlighting integration problems of German Turks.

 

Business and finance

 

BPO saves Philippine property market

The 1997 Asian financial crisis left the Philippine property market reeling but business process outsourcing came to the rescue, breathing new life into old office buildings and sparking a building boom in cities throughout the country.

 

Hundreds of thousands move to mortgages

According to information obtained from 10 banks, 354,088 people have joined mortgage, showing that 71% of those who took on a bank loan have changed to mortgage.

 

Warsaw Business Journal

Front page

 

Długie Rozmowy has all its lines busy

Polish telecommunication services company, Długie Rozmowy (DR), is putting the final touches to its issue prospectus. But the firm has not finally decided whether it will enter the bourse, acquire a sector or financial investor.

 

Czarnecki's LC Corp likely to go public later this month

Property developer LC Corp, which is 85% owned by Leszek Czarnecki, might debut on the Warsaw Stock Exchange later this month.

 

Business

 

Poland may compromise over EU voting system

The Polish government has suggested that it might resign from its proposed change to the EU voting system.

 

Doctors' strike continues to widen and deepen

On the 23rd day of the doctors' strike, every second hospital is now participating in the protest.

By: Staff Reporter
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