In Tuesday's Americas papers
05 February 2008 11:00 [Source: ICIS news]
THE WALL STREET JOURNAL
Searching Yahoo for value
If credible bidders don't emerge to challenge Microsoft Corp's $44.6bn offer for Yahoo, the Web titan will likely have to resort to a tried-and-true method for securing a higher price: Playing hard to get.
Issues recede in 2008 contest as voters focus on character
Democrats and Republicans have reached the biggest primary day in the nation's history with this much in common: No major candidate on either side has yet offered up ideas or policies that amount to a new ideological course for the country.
Actively traded ETFs: A step closer to reality
Regulators appear to be on the verge of approving a highly anticipated new type of exchange-traded fund (ETF) - a landmark move that stands to shake up the mutual-fund business.
Money & Investing
Credit tightens, demand falls
Banks are tightening lending standards for businesses and consumers - even beyond real-estate loans - and companies' demand for credit has weakened, a new Federal Reserve survey of senior bank-loan officers shows.
Australia's central bank raises interest rates
Australia's Reserve Bank raised interest rates Tuesday for the eleventh time since mid-2002, warning of a surge in demand and leaving the door open for a follow-up rate increase in March.
Romania boosts key interest rate to curb inflation
Romania's central bank raised its main interest rate by one percentage point to 9% in an effort to curb inflation and bolster a sagging currency.
THE NEW YORK TIMES
As 24 states vote, a grab for delegates, and an edge
Forty-three presidential nominating contests in 24 states. Channel upon channel of the commentators talking about exit polls. The biggest prize of the night--California--being decided well after most viewers have headed for bed. A total of 3,156 delegates allocated under arcane rules on what could be the most significant night of the 2008 campaign to date.
Candidates blitz states as big day looms
The presidential candidates from both parties campaigned frenetically on Monday, making their final pushes with a series of rallies and blitzes of television commercials for a last bout of November-style campaigning before more than 20 states vote in Tuesday’s virtual national primary.
Economy fitful, Americans start to pay as they go
For more than half a century, Americans have proved staggeringly resourceful at finding new ways to spend money. In the 1950s and ’60s, as credit cards grew in popularity, many began dining out when the mood struck or buying new television sets on the installment plan rather than waiting for payday.
A trader’s secrets, a bank’s missteps
The first e-mail message arrived in Societe Generale’s offices on 7 November. The surveillance office at Eurex, one of Europe’s biggest exchanges, alerted a compliance officer at the bank that for seven months a trader named Jerome Kerviel had engaged in not just one but "several transactions" that had raised red flags.
THE WASHINGTON POST
Two races, one big day
Senator Hillary Rodham Clinton made a raspy appeal for support yesterday in her race against Senator Barack Obama, even as her aides warned that the Democratic presidential contest will probably drag on for months after today's Super Tuesday voting.
Eight questions Super Tuesday could answer
Democratic strategist Bill Carrick put it best: "To paraphrase Churchill," he wrote in an e-mail, "the Democrats are at the end of the beginning and the Republicans are at the beginning of the end."
Bush's budget projects deficits
President Bush yesterday unveiled a $3,100bn on budget plan for fiscal 2009 that will leave deficits of more than $400bn this year and next, forcing his successor to grapple with a range of unpalatable choices to close the gap, according to lawmakers and budget experts.
Housing crisis casts a cloud over sun belt
When residents of Maricopa, Arizona, south of Phoenix, vote in the presidential primaries Tuesday, it will be against a backdrop of vacant storefronts and sprawling, terra-cotta-roofed subdivisions that are studded with for-sale signs as far as the eye can see.
GLOBE AND MAIL, Canada
End of Alberta health premiums heralds Stelmach's election call
Less than one hour before calling a provincial election yesterday, the Alberta Progressive Conservative Party surprised many by announcing plans to scrap health-care premiums.
What lies ahead for McCain the survivor
Ann Coulter, the corrosive conservative commentator, has vowed that she will vote Democrat if John McCain wins the Republican nomination. Count one more vote for the Democrats.
Yahoo quickly running out of options
Yahoo might be forgiven for feeling the noose tighten around its neck as it scrambles for alternatives to a hostile takeover bid from Microsoft. The troubled Internet giant's options were pared down further Monday when News Corp. chairman Rupert Murdoch said his media company--one of a handful of possible suitors--would not make a competing bid.
China, Brazil flex takeover muscles
China and Brazil were bit players on the global mining stage five years ago. Today they're potential king makers. Chinese and Brazilian companies are likely to determine the outcome of the next, and last, great round of consolidation in the mining industry.
BUENOS AIRES HERALD
FARC to release more hostages
Colombia’s government cleared the way yesterday for FARC guerrillas to handover three more hostages to Venezuelan President Hugo Chavez even as the Andean neighbours quarrel over his role in freeing rebel captives.
Lavagna defends pact with Nestor Kirchner
Former Economy Minister and presidential candidate Roberto Lavagna yesterday stood by his decision to reorganize the Justicialist Party with former president Nestor Kirchner, and said that the initiative would have a "favourable impact" on other parties.
Chadian rebels repelled in capital, make moves east
Troops loyal to Chad’s president drove back rebels besieging his palace yesterday, the government said, adding it had repulsed an assault by Sudanese forces in the east that it called "a declaration of war". By: Staff Reporter+44 20 8652 3214
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