In Thursday's Europe papers

07 February 2008 06:00  [Source: ICIS news]

LONDON(ICIS news)--These were the top stories at 06:00 GMT in the following European newspapers’ online versions on Thursday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

 

FINANCIAL TIMES

 

Front page

 

Khodorkovsky still defiant

Mikhail Khodorkovsky, the jailed Russian oligarch, voiced doubts on Wednesday that Dmitry Medvedev, Russia’s likely next president, would be able to undo damage to the rule of law inflicted during the Putin era.

 

Pakistan rejects US military role

Pakistan has refused a US request to conduct joint military operations in its lawless northern tribal regions where al-Qaeda and Taliban militants have become increasingly active.

 

Companies and markets

 

S&P unveils ratings overhaul

Standard & Poor’s will on Thursday unveil a wave of business reforms in an effort to quell mounting regulatory pressure and investor anger about the failure of credit ratings agencies to foresee subprime housing losses.

 

Credit gloom drives up cost of debt risk

The perceived riskiness of corporate debt shot up on Wednesday as credit market investors grew increasingly pessimistic about companies’ ability to withstand the bursting credit bubble and a possible recession.

 

INTERNATIONAL HERALD TRIBUNE

 

Front page

 

Captured Qaeda video shows boys training to fight, US says

Masked boys, wearing black T-shirts and trousers and carrying AK-47s and pistols rush toward an apparently unarmed man on a bicycle; in an instant they have surrounded him, shouting in the high voices of boys who are not yet men: "Put your hands behind your back!"

 

In close race, US Democrats brace for the long haul

With no breakout winner in Tuesday's Democratic primaries, Senators Hillary Rodham Clinton and Barack Obama on Wednesday began fortifying for a drawn-out nomination fight, with Clinton disclosing that she had lent her campaign $5m (€3.4m) while Obama raised $3m online in a single day and rejected calls for more debates.

 

Marketplace

 

Rio's board rejects BHP's improved offer

Rio Tinto's board on Wednesday unanimously rejected an improved takeover offer by BHP Billiton of about $147bn (€100bn), saying it still "significantly" undervalued the iron-ore producer, putting pressure on BHP to raise the price further.

 

Companies in pet food scandal are indicted in the U.S.

Two Chinese companies and an American importer were indicted Wednesday on charges of intentionally defrauding and misleading American manufacturers about poisonous ingredients used in pet food last year.

 

THE MOSCOW TIMES

 

Front page

 

From legal eagle to dying in a cage

A Harvard-trained lawyer, Vasily Aleksanyan was once a high roller who drove around Moscow in a Mercedes-Benz luxury SUV. 

 

Trial stops but judges won't free

Moscow's Simonovsky District Court on Wednesday adjourned the trial of former Yukos executive Vasily Aleksanyan so that he could be treated for an AIDS-related terminal illness, but did not order his release from detention. 

 

Business

 

BoNY says customs falsified document

The Federal Customs Service's $22.5bn (€15.3bn) money-laundering lawsuit against the Bank of New York Mellon hit a new snag Wednesday after the bank's lawyer accused customs service representatives of using a falsified document in the case.

 

Karimov stresses partnership on visit

In his first official visit abroad since being re-elected in December, Uzbek President Islam Karimov was joined Wednesday by President Vladimir Putin in pledging to intensify and improve economic ties between their countries.

 

DER SPIEGEL

 

Front page

 

Clinton narrowly ahead as Obama fails to clinch center ground

Barack Obama has powerful allies. The Kennedy Clan has lent him its halo. The media are banging his drum. Young people have lifted him to cult status with their applause. But Barack Obama also has a powerful opponent he has so far been unable to beat: the middle ground of American society.

 

A nightmare opponent for the Democrats

John McCain's supporters are celebrating like crazy, and their rejoicing is drowning out the loudspeaker announcements. Calm only ensues when the candidate steps up to the microphone for the first time at about 10:30 pm local time. But, in the moment of his great victory, he looks reserved.

 

TURKISH DAILY

 

Front page

 

Mystery fires blaze on in Germany

Memories of the tragic “Solingen fire,” one of the deadliest racist assaults in Germany, resurfaced with the fires last Sunday and yesterday that engulfed buildings inhabited mainly by Turks and which have left at least nine people dead.

 

Germany stands firm on country's integration policy

A Turkish immigrant made the opening speech at a meeting late Monday in the headquarters of the ruling Justice and Development Party (AKP) where the guest of honor, German Interior Minister Wolfgang Schauble, raised the issue of integration of nearly 2.5m Turks in Germany.

 

Business and finance

 

Foreigners gain $26.7bn from stock market

Annual income of foreign investors in Turkey's Istanbul Stock Exchange (IMKB) has reached $26.7bn (€16.5bn) in 2007, revealed a survey in the monthly bulletin of the Association of Capital Market Intermediary Institutions of Turkey (TSPAKB).

 

Australia interest rate hike marks Asian focus
While the US economy teeters on the brink of a recession sending a chill around the globe, Australia keeps powering ahead, underlining its economy's new focus on China and India and away from the US.

 

WARSAW BUSINESS JOURNAL

 

Front page

 

Draft dodger lets lose a few screws

A draft recruit from Wroclaw was looking for a way to avoid his military service and in order to do that he swallowed several metal screws. On Tuesday he went to the unit where he was to serve as a soldier, and announced that he does not want to join the army and admitted to swallowing the screws.

 

Polish-German relations ease with museum talks

Germany will help restore Westerplatte and finance the construction of a Polish museum in Berlin. It seems that the largest dispute between Poland and Germany in the recent years is bound to come to an end.


By: Staff Reporter
+44 20 8652 3214



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