In Friday's Europe papers

03 October 2008 07:25  [Source: ICIS news]

FINANCIAL TIMES

Front page

Brown attacks Irish banks over guarantee
The UK prime minister has piled pressure on Ireland to stop banks using a new €400bn government guarantee to poach business from British rivals, amid signs that it could trigger a flight of funds across the Irish Sea.

Palin and Biden clash over taxes and Iraq
In one of the most anticipated vice-presidential debates in US political history, Sarah Palin and Joe Biden met for the first time on Thursday night, focusing on pushing the policies of their senior running-mates.

Companies and markets

Thain to stay at Bank of America
John Thain, chief executive of Merrill Lynch, plans to stay at Bank of America after the two merge next year, it was announced on Thursday, raising speculation that he could end up running the larger group.

Overview: Equities retreat amid money market freeze
Equities lost ground as bleak US economic news added to investor concerns about continuing strains in the credit markets and caution over the progress of the $700bn US financial rescue package

INTERNATIONAL HERALD TRIBUNE

Front page

Palin and Biden are cordial but pointed in their debate
Sarah Palin used a steady grin, folksy manner and scripted talking points as Joseph Biden Jr. sought to undermine her performance with forceful criticism.

Fighting Taliban, Pakistan finds itself at war
After years of relative passivity, the Pakistani Army is now engaged in heavy fighting with the militants on at least three fronts.

Marketplace

US agency's '04 rule let banks pile up new debt, and risk
In 2004, the Securities and Exchange Commission allowed investment banks to take on more debt, and over the years, the firms took advantage of the rules.

Asian stocks fall on worries over global economy
The flow of credit remained practically frozen in money markets, leading to a scramble for US dollar funding that has the currency on track for its largest weekly gain in 16 years against a basket of major currencies.

THE MOSCOW TIMES

Front page

Early promise in Ukraine gas talks
Russia and Ukraine reached a preliminary agreement Thursday night on a gradual rise in gas prices over the next three years, in talks overshadowed by political infighting in Kiev and Ukraine’s support of Georgia in its August war with Russia.

SPS finds new place closer to Kremlin
Union of Right Forces on Thursday opted to disband the party and join up with two others to form a new pro-business party that would seek cooperation with the Kremlin.

Business

Gazprom, E.On agree to asset swap
Germany’s E.On on Thursday agreed to swap part of its stake in Gazprom for an interest in a field that will help the gas monopoly fill the Nord Stream pipeline to Europe under the Baltic Sea.

Usmanov's miner pulls IPO plans
Metalloinvest, the country’s biggest iron ore producer, has scrapped plans to hold an IPO this year, its chief executive was quoted as saying Thursday.

DER SPIEGEL

Front page

Europe looks for a financial crisis plan
The European Union is divided about whether a bailout plan for European banks is needed. France allegedly proposed such an idea, but Germany isn't biting.

Uncle Sam has bigger problems
Horace Engdahl of the Nobel Prize committee doesn't think American authors are good enough for the world's top literary honour.

TURKISH DAILY

No new updates.

WARSAW BUSINESS JOURNAL

Front page

Pakistani Taliban admit to holding Polish engineer
The Taliban has said they are holding a Polish engineer who was kidnapped on Sunday, in return they want release of their colleagues.

Jaruzelski presents evidence in martial law trial
The trial of Polish martial law leader Jaruzelski resumed on Thursday where the now 85-year-old took the stand and gave evidence.

By: Staff Reporter
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