In Monday's Americas papers

13 October 2008 12:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Eurozone economies to prop up banks
The eurozone's biggest economies prepared to unveil plans to spend tens of billions of euros in state funds to prop up their banking systems.

A crash heard around the world
Investors have raced from corners of the globe they used to favour, trying to flee - and yet feeding - a dramatic slowdown in worldwide economic growth.

US, Iraq near pact on troop presence
The US and Iraq are close to agreeing on a final draft of a security agreement that includes a compromise on legal jurisdiction over American soldiers.

Money & Investing

Europe raises stakes in bailout subscriber content
The UK government unveiled a plan to inject up to $63bn into RBS and the soon-to-be combined HBOS and Lloyds - the latest in a series of aggressive government moves that are remaking the world's financial system.

Morgan aims to sweeten terms of MUFG deal subscriber content
Morgan Stanley pushed to keep its $9bn pact with Mitsubishi UFJ intact while sweetening key details.

Santander nears sovereign deal subscriber content
Banco Santander of Spain is in advanced talks to take full control of Sovereign Bancorp, a big thrift holding company hurt by sour loans.

THE NEW YORK TIMES

Front page

Britain props up banks as Fed leads funding effort
Britain began injecting banks with taxpayer funds while the Fed and three European central banks said that they will offer financial institutions unlimited dollars to ease the banking crisis.

US officials said to offer protection to Japan investors
The investment in Morgan Stanley by Mitsubishi UFJ Financial Group could be a crucial step in the strategy for revitalising the American financial system.

Business Day

Markets rise in Europe and Asia on vows of new capital
Banking stocks led equity markets higher in Europe and Asia after European leaders announced plans to inject new capital into troubled banks and to guarantee interbank lending.

After weekend financial huddle, no sign that lenders will thaw
There is concern that new guarantees could cost American taxpayers far more money.

WASHINGTON POST

Front page

Poll: Obama up by 10; McCain losing ground
Gaining momentum, the Democrat has a clear edge among likely voters as well as lower negative ratings than his rival.

As POW, thinking of presidency
During his time in a Vietnamese prison cell, John McCain developed ideas on the exercise of power.

Business

Financial anxiety rising, poll finds
Americans' confidence in their own financial security has tumbled alongside dizzying declines in stock prices and home values, says a new Washington Post-ABC News poll.

Balancing defence and the budget
The financial crisis is being felt in all sectors, including the military. Defence buyers and sellers worry that a new administration may be forced to cut back on spending.

GLOBE AND MAIL, Canada

Front page

Leaders make final push
On this final day of campaigning for tomorrow's election, Stephen Harper and Stephane Dion will both board planes in Fredericton to fly coast to coast in a last-ditch attempt to sway the third of the electorate that remains uneasy about the two men vying to be prime minister.

European leaders agree on taxpayer buyout plan
A massive taxpayer buyout of stakes in banks across Europe was agreed upon last night and is likely to be followed this week across the developed world, a set of pledges that in many countries will result in the highest level of state ownership of the financial sector in modern history.

Business

Big red machine hits speed bump
Less than two months after the excitement of the Beijing Olympics, the economic news from China has suddenly taken a turn for the worse.

Can Richard Baker reinvent The Bay?
Richard Baker, the new owner of retailer Hudson's Bay Co, mingled with the New York fashion elite as the lights dimmed for designer Peter Som's recent show, offering opinions and taking a close look at the latest in skirts and dresses.

BUENOS AIRES HERALD

Front page

IMF warns of global meltdown
The IMF warned yesterday that the global financial system was on the brink of meltdown, while France and Germany pushed ahead with a pan-European crisis response to try to prevent the worst global downturn in decades.

Moyano: not the time for wage demands
Argentina’s main labour group yesterday announced that it is suspending wage-hike requests through December due to the world financial crisis, while the government said that the country is "stronger than ever" to brave the global financial storm.

Far right leader Haider dies in car accident
Jorg Haider, who turned his rightwing party into a powerful force in Austrian politics with a mix of in-your-face attacks on rivals and provocative praise of the Nazi era, died yesterday when his car flipped over in a road crash.

 

By: Staff Reporter
+44 20 8652 3214

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