In Tuesday's Europe papers

26 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

 

Berlin looks to vet foreign fund deals

The German government is looking at setting up an agency to vet acquisitions by state-controlled foreign funds amid rising concern about the financial might of China, Russia and oil-producing countries.

 

EU urged to force energy break-up

Eight countries have written to the European Commission urging it to stick with plans to break up large energy companies, setting the stage for a confrontation with opponents of radical reform.

 

Companies and markets

 

Yukos chiefs lied to us, claims PwC

PwC is claiming the management of the now bankrupt Yukos oil group lied about related party transactions via its main oil trading companies.

 

Grounding the golden parachutes

President Nicolas Sarkozy has made great political capital out of fat payoffs to failed executives. That was the easy part. Now the newly elected French leader has to prove he can curb the recent excesses that have sparked public outcry in France with a draft law due to be presented to parliament this week.

 

International Herald Tribune

Front page

 

Murdoch's dealings in China: It's business, and it's personal

Many big companies have sought to break into the Chinese market over the past two decades, but few of them have been as ardent and unrelenting as Rupert Murdoch's News Corporation.

 

With money in hand, North Korea to close nuclear facility

North Korea said Monday that its dispute with the United States over $25m (€18.5m) frozen in a bank in Macao had been resolved, and it would begin implementing its much-delayed promise to shut down its main nuclear facility.

 

Marketplace

 

ICICI expands size of share sale

The share sale by ICICI accounts for half the $10bn (€7.4bn) that Indian banks plan to raise in the year to the end of March 2008.

 

Hedge funds enlist lobbyists to battle tax proposals

House Democrats last week introduced legislation that would tax all fund managers' share of profits at the 35% corporate rate, instead of the 15% capital-gains rate they currently pay.

 

The Moscow Times

Front page

 

Rosneft targets Yukos mystery buyers

Rosneft is in talks to buy a clutch of valuable Yukos assets that went to two mysterious companies in bankruptcy auctions, Rosneft CEO Sergei Bogdanchikov said Monday.

 

42 Held, Armenian injured in clashes

Dozens of ultranationalists armed with metal poles and broken bottles attacked people from the Caucasus and Central Asia at two squares near the Kremlin and a third location Friday night, raising fears of an escalation in ethnic violence.

 

Business

 

Putin urges Black Sea cooperation

But Sergei Lavrov stresses that Russia opposes using the Black Sea regional organization as a broker in political disputes.

 

RenCap's Jennings turns focus to Africa

Stephen Jennings, founder and head of Renaissance Capital, will turn his focus to other emerging economies, primarily sub-Saharan Africa, a move that some saw as a way of hedging the bank against struggling domestic markets.

 

Der Spiegel

Front page

 

Hamas, clan rivalries, and Alan Johnston's dangerous predicament

BBC reporter Alan Johnston has been held prisoner in Gaza for 105 days, kidnapped by a militia hostile to Hamas. Liberating Johnston would improve Hamas's image. But an offensive could also cost Johnston his life.

 

CIA arrest warrantss US- German ties

The arrest warrants German authorities have issued against 10 CIA agents have strained German-American relations. Now, prosecutors in Munich want the agents extradited to Germany so they can stand trial for their alleged roles in the illegal kidnapping of terror suspects.

 

Turkish Daily

Front page

 

The BSEC celebrates 15 years in its birthplace

Exactly 15 years ago, heads of state of 11 countries surrounding the Black Sea met in Istanbul, to lay the foundation of the Black Sea Economic Cooperation (BSEC).

 

Persisting ambiguity over Turkey's entry talks with EU

Just a day before the Turkish-European Union inter-governmental conference, it is still vague as to how many negotiating chapters will open in membership talks with Ankara.

 

Business and finance

 

BSEC transportation crosses borders, connects people

In exactly one week, the BSEC's working group on transportation will meet to put into action existing plans to connect the people of the Black Sea by land and by sea.

 

Gazprom, Eni plan to bypass Turkey

Gazprom and Italian oil firm Eni unveiled a plan on Saturday for a big new pipeline to take Russian gas under the Black Sea to Europe, undermining an earlier plan to extend a Turkish route.

 

Warsaw Business Journal

Front page

 

Is a New Austrian-Hungarian oil giant on the cards?

Yesterday, the Austrian oil company OMV proposed a $36bn (€26.7bn) merger with its Warsaw Stock Exchange-listed competitor, Hungary's MOL.

 

Nurses go on hunger strike in PM's Chancellery

Three of the four nurses occupying the Prime Minister's Chancellery have begun a hunger strike, demanding that negotiations over wage increases for health sector employees be held

 

Business

 

Saudi Arabian king flies in to Warsaw

Saudi Arabia's King Abdullah bin Abdulaziz al Saud arrived in Warsaw yesterday for a two day visit.

 

Polish-German relations strained after EU voting win

The German media is reporting that despite securing a compromise regarding the EU voting system, the Polish authorities participating in the EU summit have strained already tight relations with their Western neighbour.

By: Staff Reporter
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