In Wednesday's Americas papers

10 September 2008 12:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Palin helps McCain catch Obama
McCain's choice of running mate has shaken up the race, boosting the ticket's appeal with women, rural voters and southerners. A new WSJ/NBC poll finds a dead heat: 46% for Obama to 45% for McCain.

Berkshire reins in deposit insurer
Warren Buffett's Berkshire Hathaway told a subsidiary to stop insuring deposits above the amount guaranteed by the FDIC, in a setback for the banking sector. 

Retailers reprogramme workers
Retailers have turned to computer programmes that dictate which employees should work when, and for how long.

Money & Investing

Housing market remains weak
Pending home sales dropped 3.2% in July, reversing gains in June. Job openings and hiring continued to decline.

EU pledges closer ties to Kiev
The EU said it would build closer economic and political ties with Ukraine but stopped short of inviting the country to join the 27-nation bloc.

ECB official seeks bank coordination
Global central banks should coordinate further to ensure banks have easy access to funds during a crisis, a top ECB policy maker said.

THE NEW YORK TIMES

Front page

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

For ’08 rivals, a skein of ties to loan giants
Senators Obama and McCain each cite the mess at Fannie and Freddie as a consequence of lobbying, but each has ties of his own.

Business Day

Federal mortgage success stories
Despite the government’s takeover of Fannie Mae and Freddie Mac, other government-linked lenders have come through the credit crisis largely unscathed. Some of them, in fact, are even prospering.

OPEC says it will cut oil production
The oil cartel said it would reduce daily production by about half a million barrels to stem a decline in oil prices.

WASHINGTON POST

Front page

US shifts tactics in hunt for Bin Laden
Predator drones are increasingly used to search for the Al-Qaeda leader after efforts were stymied by an inability to develop informants, officials say.

As campaign heats up, untruths can become facts before they're undone
From the moment Alaska Gov Sarah Palin declared that she had opposed the infamous "Bridge to Nowhere," critics, the news media and non-partisan fact checkers have called it a fabrication or, at best, a half-truth.

Business

OPEC says it will pare back oil production
Oil ministers say that petroleum markets are "oversupplied" and vow to stick to self-imposed quotas that could carve 520,000 bbl/day out of world production.

Don't like bailouts? Consider the alternatives
First came the rescue of Bear Stearns and the Fed loans to cash-strapped investment banks. Then the government stepped in to fill the financing gap left when private lenders retreated from the college loan business.

GLOBE AND MAIL, Canada

Front page

Tory momentum slows in swing ridings since election call
The wave of rising support that the Conservatives rode into the election campaign appears to have ebbed in the country's crucial battleground ridings since the writ was dropped, a new poll indicates.

Man shot, dumped from luxury car on 401
A man was shot and thrown from a moving luxury car in broad daylight along Canada's busiest highway Tuesday, his body rolling in front of other horrified drivers while the car fled at the nearest exit.

Business

Rout sends TSX near bear territory
The rout that began with a stampede from commodities has left Canada's benchmark stock index on the edge of an official bear market - down 488 points Tuesday alone.

OPEC to curb production
OPEC oil ministers agreed Wednesday to curb overproduction by more than 500,000 bbl/day, in a compromise meant to avoid new turmoil in crude markets while seeking to prevent prices from falling too far.

BUENOS AIRES HERALD

Front page

Merval index plunges to two-year low
Argentine stocks fared worse than the global trend yesterday, dropping 4.38% to 1,595.07 points, dragged lower by falling oil prices and a downturn in global stock markets. 

Report: North Korean leader Kim collapses
North Korean leader Kim Jong-il has collapsed and is ill, a South Korean government official was quoted as saying today, but analysts said it was not clear how serious his condition might be.

Bus protest clogs downtown
Six hundred buses converge toward City Hall demanding exclusive lanes for buses and taxis with passengers.


By: Staff Reporter
+44 20 8652 3214



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