In Tuesday's Europe papers

09 September 2008 06:30  [Source: ICIS news]


Front page

Bush to withdraw 4,000 Iraq troops
George W. Bush plans to withdraw 4,000 troops from Iraq before the end of his presidency as the Pentagon starts to shift its focus to Afghanistan, the White House said.

Asian shares down as credit crises grind on
Yen gains on dollar, hurting exporter shares.

Companies and markets

Shell in Iraqi gas deal worth up to $4bn
Royal Dutch Shell is to become the first western oil company to sign a deal with the Iraqi government since the US-led invasion of 2003, agreeing a plan to capture and use gas in the Basra region that could be worth up to $4bn.

Fannie, Freddie rescue triggers stock rally
Global equity markets powered ahead and US mortgage rates fell sharply as investors responded to the US government’s dramatic move to take control of Fannie Mae and Freddie Mac, the ailing mortgage groups


Front page

Battle lines drawn over Fannie Mae and Freddie Mac’s future
Policy makers and the US congress have already begun what promises to be an epic political fight over how to restructure the companies once the current crisis ends.

No conviction on key charges in liquid-bomb trial in London
A jury convicted three of eight defendants in a case involving an alleged plot to blow up airliners, but failed to reach verdicts on the most serious charges.


How many corporate bailouts are too many?
Both the US and Europe are struggling to develop policies to determine when it is appropriate to prevent a company from collapsing.

Paulson’s clout on display in rescue of mortgage giants
Time and again in recent months, the Treasury Secretary has taken President George W. Bush where he would not ordinarily go: into the realm of government intervention in the markets.


Front page

Medvedev agrees to withdrawal plan
Russia has agreed to remove its troops from "buffer zones" in Georgia within 10 days of the deployment of additional EU monitors.

News outdoor offices searched
Investigators also stage a raid of the city government’s advertising committee.


Direct oil offer made to Czechs
Russia offered the Czech Republic direct deliveries of oil in an unprecedented move aiming to improve its business image in the West, government officials said on Monday.

Norilsk may spin off just OGK-3
The management committee of miner Norilsk Nickel has decided to recommend that its board spin off just one power generator, OGK-3, and sell its remaining electricity assets, Norilsk said on Monday.


Front page

Does Steinmeier have what it takes?
Frank-Walter Steinmeier has been a safe pair of hands as German foreign minister, but his Social Democrat party is taking a risk by nominating him as its candidate for chancellor in the 2009 election. There are doubts whether this unemotional, cautious man can rally his deeply divided party and win an election.

Germany discovers a war in Afghanistan
For years, Germans have preferred to see their country’s presence in Afghanistan as armed development assistance. That myth is now becoming more difficult to maintain as the violence spreads to the north where the Germans are based.


Front page

School term starts, so does the traffic jam
School term starts, so does the traffic jam With 3 million sudents on their way back to school, Istanbul’s traffic problem is expected to peak this week.

Police derail boozy protest weakened by Ramadan
A group that has been protesting the recent end to alcohol sales at the historic Moda quay for the past two months met with police interference during their weekly protest on Friday.

Business and finance

Chevron, Eni benefit from investments
International oil companies working on Kazakhstan’s three biggest exploration projects won’t pay more under a new tax code because they invested in the Central Asian country during "difficult conditions." Eni SpA, Chevron Corp. and BG Group Plc are unlikely to face any changes to their contracts, according to Timur Kulibayev, who heads Kazenergy, an Astana-based oil industry association.

UK home sellers slash offers
"Gazundering," the term used to describe how homebuyers slash their offers at the last minute, has seen sellers of desirable London homes accept offers a third below their asking price, according to the Financial Times.


Front page

EU to abolish sanctions against Belarus
At the request of Poland during an informal summit in Avignon, head of EU foreign ministries announced abolishing sanctions against Belarus.

Tusk restructures Cabinet
According to the information of daily Parkiet, Donald Tusk plans to restructure his Cabinet shortly


By: Staff Reporter
+44 20 8652 3214

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