In Monday's Europe papers

01 September 2008 06:00  [Source: ICIS news]

FINANCIAL TIMES

Front page

Commerzbank to buy Dresdner in €9bn deal
Allianz has agreed to sell Dresdner Bank to Commerzbank in a deal that will re-shape the German banking industry.

New Orleans evacuated as Gustav hits
Hurricane Gustav swept across the Gulf of Mexico on Sunday, forcing the mandatory evacuation of New Orleans.

Companies and markets

Race for tanker deal set to start
The US Department of Defense, this week will set the clock ticking on a new competition for a $35bn contract to provide aircraft refueling tankers to the US Air Force as it publishes the final requirements for bids.

Overview: US growth figures ease pressure on equities
Fresh signs of the resilience of the US economy offered support to global equity markets and the dollar this week, offsetting a rally for oil prices.

INTERNATIONAL HERALD TRIBUNE

Front page

2 million flee Gulf Coast as Hurricane Gustav nears
Nearly two million people from Texas to Alabama fled the Gulf Coast ahead of Hurricane Gustav on Sunday, anticipating a storm expected to rival Hurricane Katrina in its destructive power.

Republican plans disrupted; McCain visits Gulf
Senator John McCain and his advisers decided on Sunday to halt all but the most essential activities for the Republican National Convention on Monday, sacrificing a major televised platform for his political message as McCain seeks to project a forceful response to the threat of Hurricane Gustav.

Marketplace

Commerzbank paying Allianz €9.8bn for Dresdner Bank
Commerzbank sealed a €9.8bn agreement on Sunday to acquire Dresdner Bank from the insurer Allianz in a deal that will remake the German financial landscape.

US oil and gas production suspended in Gulf, oil prices held steady
Energy companies shut down production and refining operations throughout the weekend in preparation for an intensifying Hurricane Gustav to hit in the heart of the Gulf of Mexico oil patch.

THE MOSCOW TIMES

Front page

Ingushetiya.ru owner shot dead
The owner of the embattled opposition web site Ingushetiya.ru was killed on Sunday after being detained by police. His supporters promised massive protests that could lead to a sharp escalation in violence in the restive region.

EU meets as talk of sanctions recedes
European Union leaders are unlikely to call for economic sanctions on Monday when they convene in Brussels for an emergency meeting to formulate a joint response to Russia’s actions in the conflict with Georgia.

Business

Banned US chicken suppliers named
Russia, the biggest market for US poultry exporters, will ban imports from 19 producers in the United States and warned on Friday that another 29 suppliers faced a possible ban on health and safety grounds.

Evraz expands profit on high steel prices
Evraz Group, Russia’s biggest steelmaker by market value, announced an 82% jump in first-quarter net income to $2bn because of strong pricing, acquisitions and an improved sales mix, the company said in a statement on Friday.

DER SPIEGEL

Front page

Tracking the terrorists online
For years, al-Qaida and other terror groups have set up shop in the Internet. Those who track them have covertly followed. The companies SITE and IntelCenter have penetrated even deeper into the terror web than most intelligence agencies.

Staged unity in Denver
Occasionally, serious issues are up for debate at political conventions in the United States but not at the Democratic convention in Denver. Political analyst and sociologist Norman Birnbaum writes that the Democrats scripted a tightly-controlled performance of unity.

TURKISH DAILY

Front page

Dribbling to the Armenian pitch
Though the president is yet to make up his mind, Ankara is preparing for his potential visit to Armenia. A delegation of diplomats will travel to Yarevan this week to assess the security measures and topics to be discussed. ‘This visit, if it comes to pass, will have no influence on our policies toward Armenia’, Turkish officials say

Germany may revoke backing for Turkey’s Ilısu Dam, Spiegel says
Germany may not back Turkey’s $3bn Ilısu Hydro Dam project because lawmakers in Berlin are not satisfied that Turkey is upholding a pledge to protect human rights and environmental standards, Germany’s Der Spiegel magazine reported.

Business and finance

Turkey the winner in Gulf’s investment hunt
As the increase in oil prices continue to help boost the income of Persian Gulf nations, Turkey is becoming a magnet for Gulf-based investors.

Ataköy land tender canceled again
The Mass Housing Administration, or TOKİ, has once again canceled the 4 September tender for the sale of a valuable property in Ataköy, as the tender has created controversy over the land’s low estimated value of YTL 450m.

WARSAW BUSINESS JOURNAL

Front page

Tusk reassures citizens on missile defense
PM Donald Tusk set out to reassure residents of Słupsk that the missile defense shield would not threaten their security

GDP rate beats all expectations
Poland’s economic growth slowed less than expected in the second quarter as the GDP results beat forecasted figures with a 5.8% rise. The figures beat analyst expectations and even the Finance Ministry’s predictions of 5.7%.

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly