In Friday's Americas Papers

21 September 2007 12:00  [Source: ICIS news]


Front Page


As oil hits high, Mideast buyers go on a spree

As oil prices soar, Middle Eastern governments are exercising their growing clout by making deals around the globe - with a new political savvy.


Harman's suitors sour on buyout

The private-equity buyers of Harman International Industries are balking at completing the $8bn purchase of the audio-equipment maker, people familiar with the matter said, as yet another leveraged buyout falls into a hostile tete-a-tete between buyer and seller.


Oracle posts 25% rise in profit as sales thrive across sectors

Oracle continued a recent winning streak, even in what is typically its weakest time of the year.


Money & Investing


Foreign owners may be secret of UK's success

The United Kingdom is for sale. As the US and the rest of Europe throw up barriers to foreign suitors who want to buy their airlines, media companies and utilities, Britain has opened its doors to foreign buyers.


Euro hits fresh high of $1.41

The euro rose to yet another fresh high Friday, breaking through $1.41 - a record that analysts said is likely to be broken again.


Fortis releases details on launch of share issue for ABN Amro bid

Fortis NV Friday said it will issue almost $900m new shares at €15 ($21) a share to help fund its joint bid with the Royal Bank of Scotland and Spain's Banco Santander SA for Dutch bank ABN Amro Holding NV.



Front Page


Complaint says Hsu admitted fraud

Norman Hsu, the Democratic fund-raiser with a habit of fleeing the law, confessed to FBI agents last week that he had swindled investors in what the government describes as a multimillion-dollar Ponzi scheme and acknowledged pressuring at least some of them to contribute to political campaigns, prosecutors said in a criminal complaint unsealed yesterday.


In 9/11 chaos, Giuliani forged a lasting image

That first tower toppled at 9:59am, a billion pounds of steel and concrete and bodies raining down. Smoke billowed like thunderheads and New York’s mayor seemed to disappear into death’s maw.


Business Day


Value of dollar falls to new low against the euro

Investors dumped dollars yesterday, sending the euro to a record high and putting the American currency at par with the Canadian dollar for the first time in more than 30 years.


Accord seen on revising mortgage rules

The Bush administration, bracing for a tidal wave of home foreclosures by people with subprime mortgages, is softening its opposition to Democratic proposals to expand the giant government-sponsored mortgage finance companies.



Front Page


Israel, US shared data on suspected nuclear site

Israel's decision to attack Syria on 6 September, bombing a suspected nuclear site set up in apparent collaboration with North Korea, came after Israel shared intelligence with President Bush this summer indicating that North Korean nuclear personnel were in Syria, US government sources said.


Move on unmoved by furor over ad targeting Petraeus

A few weeks before Army General David Petraeus's much-anticipated testimony on Iraq, the leadership of, the Internet-based liberal group that has rallied its 3 million members around the country to oppose the war, decided on a change in strategy.




Dubai agrees to acquire 20% stake in Nasdaq Market

Middle Eastern governments announced a series of billion-dollar deals on Thursday that would give them stakes in financial institutions at the heart of Western capitalism, raising concerns in Washington about sensitive foreign investments.


Credit crunch rattled Wall Street powerhouses

Wall Street's most important investment banks amassed about $5bn in losses from bad loans in three months due to the credit crunch that has been squeezing the financial system.



Front Page


Parity. So what?

The Canadian dollar reached an equal footing with its American counterpart for the first time in a generation Thursday as currency markets bet that Canada would avoid being dragged down by a stumbling US economy.


McGuinty owns up to broken promises
Liberal Leader Dalton McGuinty addressed head-on Thursday night the millstone of broken promises that hangs around his neck, saying he knows he angered Ontario voters and expects to be judged on it.




Flaherty calls on Dodge

Finance Minister Jim Flaherty is concerned enough about the soaring loonie that he called the governor of the Bank of Canada on Thursday as the dollar reached parity with the US greenback for the first time in 31 years.


It's not really about us

Shortly before the US election in 2004, a poll showed that Canadians preferred John Kerry to George W Bush by a ratio of three to one. How lucky for us that we didn't get our wish, because we're all a tiny bit richer as a result.



Front Page


Israel calls Gaza an "enemy entity"

Israel made the provocative decision hours before US Secretary of State Condoleezza Rice arrived for talks setting up what President George W Bush hopes will be a pivotal international Mideast peace conference this fall.


Pina: beware of fraud in October

Pina argued that the lemas system (which combines primaries and elections in a single vote) was asking for fraud because there was a total of 18,000 candidates.


Car bomb kills anti-Syrian lawmaker

“Every two or three months we are being targeted,” Telecommunications Minister Marwan Hamadeh, a leading member of the governing coalition who survived an assassination attempt in 2004, told reporters. At least 30 other people were wounded by the bomb in the commercial and residential area of Sin el-Fil.


($1 = €0.71)

By: Staff Reporter
+44 20 8652 3214

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