In Thursday's Europe papers

02 October 2008 08:08  [Source: ICIS news]

FINANCIAL TIMES

Front page

Senate backs rescue plan by wide margin
The US Senate approved by a large margin the Bush administration’s $700bn plan to rescue the financial system, while European policymakers clashed earlier in the day over how to protect their own banks.

SEC extends its ban on short selling
US regulators on Wednesday night said they would extend a temporary ban on short selling of financial stocks as well as other emergency measures aimed at curbing potential market abuse.

Companies and markets

AIG prepares large asset sale
AIG, the troubled US insurer, is set to kick-start a sale of assets likely to attract interest from potential buyers including sovereign wealth funds, private equity groups and US and European insurers.

Overview: Equities struggle as money market stressed
Equities struggled for traction amid weak economic reports, concerns over the US bail-out and continued strains in the money markets

INTERNATIONAL HERALD TRIBUNE

Front page

US Senate passes bailout plan; House to vote Friday
The Senate strongly endorsed the economic bailout plan, leaving backers optimistic that the easy approval, coupled with an array of popular additions, would lead to passage in the House by Friday.

36 hours of alarm and action as credit crisis spiraled
The extent of the credit crisis that unfolded from the morning of 17 Sept. to the afternoon of 18 Sept. was unseen to the public but spooked policy makers into action.

Marketplace

Europeans weigh a shift in banking landscape
European governments have begun discussing a far-reaching overhaul of rules for lenders that could change the regulatory landscape for Europe's banking sector.

Buffett's bet on GE: Almost as good as a bailout
The billionaire investor Warren Buffet has announced he would invest $3bn in General Electric, eight days after he said he would invest $5bn in Goldman Sachs.

THE MOSCOW TIMES

Front page

Putin's pension talk scares businesses
The social security taxes paid by businesses will rise by as much as 8% at the beginning of 2010 in an effort to strengthen the country's pension system, Prime Minister Vladimir Putin announced Wednesday.

Merkel, Medvedev to focus on crisis
President Dmitry Medvedev and German Chancellor Angela Merkel are likely to focus on economics in St. Petersburg on Thursday as they meet for the fourth time this year.

Business

Putin blames US for financial woes
Prime Minister Vladimir Putin said Wednesday that US "irresponsibility" led to the global financial crisis and discredited its claims to world leadership, as his finance minister moved to link domestic woes to the broader downturn.

Bailout package seen not saving all banks
Despite the bank bailout package swiftly introduced by the government, many Russian banks will face liquidity pressures and falling profitability as access to credit stays limited and rising rates lead to fewer loans and more defaults, banking analysts said Wednesday.

DER SPIEGEL

Front page

Can David Cameron deliver on new Conservatism?
David Cameron, the leader of Britain's Conservatives, has radically modernised his party and is leading in opinion polls.

‘They shouldn't act as if their primary concern were climate protection’
German Environment Minister Sigmar Gabriel, 51, discusses plans by the Environment Committee in the European Parliament to tighten emissions standards on new cars, arguing that standards must be increased, but without jeopardising the economic base.

TURKISH DAILY

No news updates

WARSAW BUSINESS JOURNAL

Front page

Polish inflation forecast improving
Polish inflation has made an improvement in earlier forecasts and probably eased to 4.4% in September marking an ease on interest rate hikes, however, plans to join euro in 2012 reduce the chances of actual cuts.

PM Tusk rules out early election
Prime Minister Donald Tusk has no intention of calling an early parliamentary election despite Poland's centre-right government's lead in opinion polls.

By: Staff Reporter
+44 20 8652 3214

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