In Friday's Europe papers

08 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 Friday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:




Front page


CIC close to fund deal with JC Flowers

China Investment Corporation, the Chinese sovereign wealth fund, is close to an agreement with JC Flowers, the US private equity group, to put about $4bn (€2.7bn) into a new fund to invest in ailing financial institutions.Companies and markets


McCain close to victory as Romney quits

Mitt Romney, the former Massachusetts governor who spent $35m (€2.3m) of his own money to become president, on Thursday abandoned his bid for the Republican nomination, leaving John McCain the almost certain nominee.


Companies and Markets


GE Money moving to London

General Electric is moving the headquarters of its core consumer finance division from Connecticut to London in a move symbolising a shift in the US conglomerate’s centre of gravity.


Wall Street rebounds in volatile trading

US stocks rebounded on Thursday as bargain-hunters rushed to buy into market weakness and called a halt on a three-day losing run.




Front page


Mexican Robin Hood figure gains a kind of notoriety abroad
Jesus Malverde has been revered for almost a century in northwestern Mexico. According to folklore, he was a Mexican Robin Hood who took from the rich and gave to the poor until he was killed by the police in 1909.


Challenges and miscalculations dogged Romney from the start

With Mitt Romney's campaign for president nearly in tatters, he huddled with his senior advisers on Wednesday morning, jotting notes with pen and paper, to go over his options.




US economy gets $168bn injection from Congress

Congress overwhelmingly approved a $168bn (€116bn) economic stimulus program on Thursday, sending it to President George W Bush for his signature so that millions of Americans can look forward to government checks in the mail.


Europe's top two central banks focus on hazards to growth

The European Central Bank stepped away from a threat to raise interest rates as it acknowledged Thursday in the clearest manner yet that the slowdown in the US and turbulence in financial markets would sap European economic growth.




Front page


Putin made good on promise to FSB

It was a typical December night in Moscow. The cold was biting, the snow thick and dry. In the Federal Security Service's headquarters on Lubyanskaya Ploshchad, hundreds of intelligence officers met as they did every year to celebrate the founding of the Cheka, the Soviet secret police. 


European observers will skip election

The OSCE's democracy watchdog on Thursday canceled its planned observer mission for the 2 March presidential election, saying Moscow had placed restrictions severely hampering its monitors. 




Kazakh state seeks bigger energy role

Fresh from a bitter dispute with Western oil companies over a Caspian oil field, Kazakhstan wants to build up its weight further in its energy sector, the President Nursultan Nazarbayev said Wednesday.


Rostelecom announces lower prices for long-distance calls

Rostelecom, the country's dominant long-distance telephone company, announced plans Wednesday to reduce charges for long-distance calls in an effort to expand its client base and stay ahead of the competition.




Front page


Turkish prime minister visits site of deadly fire

Turkish Prime Minister Tayyip Erdogan: Our pain is "immeasurable". 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.


The guest who didn't come to dinner

When a new president walks into the White House on 20 January 2009, Europe will let out a collective sigh of relief. At last, their bugaboo of the previous eight years, George W Bush, will be gone. It doesn't matter as much who walks in; it matters most that Bush walks out.




Front Page


US Democrats continue battle, John McCain strengthens lead

Democrats Barack Obama and Hillary Clinton battled to a draw on "Super Tuesday" and John McCain took charge of the Republican race in coast-to-coast presidential nominating battles in 24 US states.


DTP makes point and leaves

Thousands of pro-Kurdish Democratic Society Party (DTP) members, who gathered near the Iraqi border and spent the night there to protest against the incursions into northern Iraq, peacefully left the region yesterday.


Business and finance


( no news updates )




Front page


PIU calls for an end to NFZ's monopoly
The Polish Insurance Chamber (PIU) has called for an end to the monopoly of the National Health Fund (NFZ) as a single payer for the healthcare services available under state health insurance.


Budget airlines take a growing slice of the aviation market

Low-cost carriers took more than 50% of the Polish aviation market for the first time ever in 2007, occupying six places in the top ten list of Poland's leading airlines by passengers carried, according to latest data released by the Civil Aviation Authority (ULC).


By: Staff Reporter
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