In Tuesday's Americas papers

25 November 2008 11:00  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Obama signals big stimulus plan
The president-elect's plan reflects the view that downward pressure on the economy would last for several years.

The anti-terrorism fight walks the beat
Ahead of the inauguration, DC police have adopted a new programme to detect threats and share information with other agencies.

Colombia rebels wield power in Venezuela
Colombian officials say the number of rebels using Venezuela as a safe haven has swelled, despite Chavez's denial that his country gives them refuge.

Business

Citi faces pressure to slim down
The Citigroup rescue reversed the slide in the company's shares, which jumped 58%, but the financial giant faces mounting pressure to do even more to stabilise itself.

One cure for mistrust: fund new banks
The financial system is in tatters. One provocative, and perhaps inevitable, path is for the government to directly fund the formation of new banks.

BHP withdraws Rio Tinto bid
BHP Billiton withdrew its $68bn hostile takeover offer for Rio Tinto, saying a deepening global economic crisis had made the deal too risky for its shareholders.

THE NEW YORK TIMES

Front page

Obama and Bush working to calm volatile market
The Federal Reserve and the Treasury plan to announce a lending programme Tuesday to jump-start frozen loan markets, administration officials said.

Barred from Zimbabwe, but not silent
Robert Mugabe kept members of the Elders Kofi Annan, Jimmy Carter and Graca Machel from his country, but they gave him harsh words about Zimbabwe’s crisis.

Business Day

Holiday travel is bargain spot for the willing
Bracing for a painful holiday season, hotels, airlines and cruise operators are offering deals to entice vacationers.

Another crisis, another guarantee
Will the latest rescue by the US government finally restore confidence in the American financial system?

WASHINGTON POST

Front page

Bin Laden's ex-driver to be sent home to Yemen
Convicted of supporting terrorism, Salim Ahmed Hamdan will be transferred from Guantanamo Bay back home, to serve the rest of his sentence.

Mexican journalists threatened
Cartels target those who report on the drug war, which the government is struggling to fight.

Business

Market-oriented economic team
Advisers believe in limited spending, free markets at a time that Obama says requires the opposite.

Citigroup bailout's familiar trio
Bank's $306bn rescue was set in motion by Henry Paulson, Robert Rubin and Timothy Geithner.

GLOBE AND MAIL, Canada

Front page

BC premier calls 'timber!' on auto aid
BC Premier Gordon Campbell cautioned yesterday against a unilateral federal bailout for the auto industry, saying any package should help workers in all industries and not just the Big Three North American auto companies whose failings he blamed on "bad business decisions" and "unsustainable" labour costs.

Canada bides time
Canadians will have to wait until the next federal budget before Ottawa delivers what Prime Minister Stephen Harper said could be an "unprecedented" fiscal stimulus package - a delay economists say the country can ill afford.

Business

Hedge losses spurred Caisse selloff
The Caisse de Depot et Placement du Quebec, hammered by losses on international holdings, has been forced in recent weeks to sell billions of dollars of stocks into a falling market.

In China, a bitter reckoning
When he bought his apartment last fall, Li Xiaofeng didn't even have time to read the purchase agreement.

BUENOS AIRES HERALD

Front page

Mexico and Argentina seek to boost ties
President Cristina Fernandez de Kirchner yesterday signed deals with Mexican President Felipe Calderon to strengthen cooperation in trade, technological knowledge and the fight against drug trafficking.

Geithner confirmed at Treasury by Obama
US president-elect Barack Obama unveils his economic policy team during a news conference in Chicago yesterday.

Industrialists deny wage cuts
The Argentine Industrial Union (UIA) yesterday denied claims it had started negotiations with companies to lower salaries as a way to deal with the economic slowdown.

By: Staff Reporter
+44 20 8652 3214

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