In Wednesday's Europe papers

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

 

FINANCIAL TIMES

Front page

Opec makes surprise cut to oil output
Opec on Wednesday surprised the oil markets by announcing that it would make a small but symbolic reduction in its output because the oil cartel views the market as oversupplied.

Equities suffer as Lehman shares fall 45%
US stocks suffered their worst fall of the year as a 45% drop in Lehman Brothers shares renewed fears about the health of the global financial system.

Companies and markets

Deutsche Börse clash looms
Deutsche Börse could be heading for another confrontation with the two hedge funds that are the German group’s biggest shareholders after rejecting their ideas for reform.

S&P 500 plunges in worst day this year
American International Group led the fall-out from deepening uncertainty over Lehman Brothers’ ability to strengthen its balance sheet, amid fears it too could struggle to raise fresh capital if so required.

INTERNATIONAL HERALD TRIBUNE

Front page

Magical Marc Jacobs: putting on the prairie
Marc Jacobs's exceptional show, which offered images of the historic nobility of American women, made the graceful and colorful clothes, luminous with glowing appliqués, seem enticingly modern.

Campaigns pick up the pace to meet tight schedule
Senators John McCain and Barack Obama are facing a shortened general election season, the product of late nominating conventions and a boom in early voting.

Marketplace

In a surprise move, OPEC says it will cut production
OPEC said it would reduce oil production by about half a million barrels a day in a bid to stem a rapid decline in oil prices.

Wall Street's fears on Lehman batter markets
Investors were gripped by fears that another big financial institution might founder and that the government might not come to the rescue.

THE MOSCOW TIMES

No news updates

DER SPIEGEL

Front page

The controversial search for the god particle
Will the large Hadron Collider, set to be fired up on Wednesday, bring about the end of the world? Most physicists say no but they are hoping for clues as to how the universe began.

Steinmeier unlikely to Oust Merkel in 2009
Frank-Walter Steinmeier doesn't seem to be looking forward to next year, and who can blame him. The Social Democrat candidate for the 2009 election has never campaigned for office and must unite a bitterly divided party.

TURKISH DAILY

Front page

Looking ahead to the third bridge
As the government is getting ready to choose the location of the third bridge over the Bosporus in Istanbul, the residents of two of the districts through which the bridge could pass have mixed feelings about the effect on their neighbourhood.

TRT signals future broadcasts in Armenian
The Turkish Radio Television, or TRT, is moving towards cooperation with Armenia's public television station to promote dialogue between two neighbours.

Business and finance

Bank complaints on the rise
Consumer complaints against Turkish banks have increased greatly, particularly due to the aggressive growth strategies banks are pursuing, according to the Banks Association.

European companies may be living on borrowed time
European companies may be living on borrowed time. A decade of investing more than they've earned in profits has loaded corporations in the 15-nation euro area with debt, leaving them a thinner cushion than their US and Japanese counterparts as the world economy slumps.

WARSAW BUSINESS JOURNAL

Front page

Government set to lower deficit
The Polish government has approved a draft bill of its 2009 budget and is set to meet members of the central bank to discuss the budget.

Man accused of imprisoning, raping daughter
A Polish man has been detained after he was accused by his daughter of keeping her imprisoned for six years and raping her repeatedly, in a case that has been compared to that of Josef Fritzl.


By: Staff Reporter
+44 20 8652 3214



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