In Monday's Americas papers

19 November 2007 11:00  [Source: ICIS news]

THE WALL STREET JOURNAL
Front Page

China freezes lending to curb investing frenzy
Chinese authorities are slamming the brakes on bank lending, in their latest attempt to curb the runaway investment threatening to overheat what is soon to be the world's third-largest economy.

Oil officials see limit looming on production
A growing number of oil-industry chieftains are endorsing an idea long deemed fringe: The world is approaching a practical limit to the number of barrels of crude oil that can be pumped every day.

Commercial property now under pressure
The value of commercial real estate, which nearly doubled in the past seven years, is now starting to decline due to the credit crunch, according to a report set to be released today by Moody's Investors Service.

Money & Investing

Hedge funds bounce back - in a big way
During the summer, hedge funds were back on their heels. Some big names closed down, others were startled by sudden losses and some investors questioned whether juicy opportunities were a thing of the past.

In stocks, new global seas
The economic boom in emerging markets is changing many of the rules of thumb investors have used to guide their decisions, complicating an already tricky environment.

Swiss Re has $876m loss due to subprime credit write-down
Swiss Reinsurance, Monday said it recorded substantial losses linked to its exposure to the deteriorating bond market, raising fears that insurers could get increasingly entangled in the broadening subprime loans crisis.

THE NEW YORK TIMES
Front Page

US hopes to arm Pakistani tribes against al-Qaeda
A new and classified American military proposal outlines an intensified effort to enlist tribal leaders in the frontier areas of Pakistan in the fight against al-Qaeda and the Taliban, as part of a broader effort to bolster Pakistani forces against an expanding militancy, American military officials said.

Goldman Sachs rakes in profit in credit crisis
For more than three months, as turmoil in the credit market has swept wildly through Wall Street, one mighty investment bank after another has been brought to its knees, leveled by multibillion-dollar blows to their bottom lines.

Business Day

Critics assail weak dollar at OPEC event
A rare meeting of the heads of state of the OPEC countries ended here today on a political note, with two leaders - President Hugo Chavez of Venezuela and President Mahmoud Ahmadinejad of Iran -blaming the weakness of the US dollar for high oil prices.

Financials, once a balm, now hamper the market
As the air came out of the technology and telecommunications bubble this decade, the stock market found a new champion in the financial sector.

THE WASHINGTON POST
Front Page

A murder conviction torn apart by a bullet
Former Baltimore police sergeant James Kulbicki stared silently from the defence table as the prosecutor held up his off-duty .38-calibre revolver and assured jurors that science proved the gun had been used to kill Kulbicki's mistress.

Lawyer groups to flag cases needing review
Two umbrella groups for criminal defence lawyers announced yesterday that they will independently review cases nationwide where the FBI used a discredited bullet-matching science and will try to assist defendants who might have been wrongly convicted.

Business

Rock study
In a rundown walk-up in Silver Spring, class begins to rock. On a recent Tuesday night, about 15 teenagers are taking turns approximating a pretty good Rush cover band at Paul Green's School of Rock, one of a number of rock 'n' roll schools popping up around the region and the nation.

Tackling a legacy: World-class vintner
John Kent Cooke for years devoted himself to the red burgundy of his beloved Washington Redskins, of which he was president under his father and team owner, legendary entrepreneur Jack Kent Cooke.

GLOBE AND MAIL, Canada
Front Page

Troops capture Taliban's birthplace
Canadian troops pushed the Taliban out of their birthplace in a storm of artillery shells and rockets on the weekend, during a major operation that killed two Canadian soldiers and an interpreter.

A spouse loses her comrade, a bride-to-be loses her groom
One woman grieved in uniform in Kandahar, marching behind the casket that held both her comrade and her husband. Another woman grieved halfway across the world in a small Quebec town, mourning the soldier she had planned to wed when he returned home.

Business

OPEC reassures world markets
OPEC promised the world adequate and timely oil supplies Sunday at the end of its summit and four members committed $750m to an environmental technology fund to combat climate change.

WestJet seeks deal with Air France
WestJet Airlines is holding talks with Air France to forge a strategic partnership that would give new ammunition to the Calgary-based carrier, intensifying the battle against Air Canada in its own Quebec backyard.

BUENOS AIRES HERALD
Front Page

Riquelme roars twice
Juan Roman Riquelme scores twice in Argentina’s 3-0 victory over Bolivia in yesterday’s South American qualifyer for the 2010 World Cup. Argentina takes on Colombia on Tuesday.

Chavez warns of oil at US$200 per barrel
"If the United States is crazy enough to attack Iran or commit aggression against Venezuela ... oil would not be $100 but $200," Chavez told the summit in the Saudi capital.

More frightening than science fiction
A Nobel-winning UN panel of scientists yesterday issued a stark vision of human hardship and vanishing species in a world growing increasingly hot, prompting UN Secretary-General Ban Ki-moon to challenge governments to join hands against climate change.

By: Staff Reporter
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