In Friday's Europe papers

13 March 2009 05:30  [Source: ICIS news]


Front page

FSA to 'frighten' with tough stance
Senior executives at troubled banks have been targeted by the City watchdog for close scrutiny over the decisions they made in the run-up to the crisis, the chief executive of the Financial Services Authority warned on Thursday.

A heavier touch is now inescapable
London has a rare cluster of expertise in finance and its paraphernalia.

Companies and markets

No new updates


Front page

Wen says China can increase stimulus if necessary
Premier Wen Jiabao of China reassured the world that China could roll out extra stimulus measures if needed to deliver on its promise of solid growth in 2009, but said it would be a challenging year.

As Indian growth soars, child hunger persists
Small, sick, listless children have long been India's scourge - "a national shame," in the words of its prime minister, Manmohan Singh.


Japanese finance minister backs US call for more stimulus
In the global debate about the best way to combat the worsening economic threats, Japan came down firmly on the side of the United States on Friday, saying not only that it backed the US call for more spending to bolster flagging growth, but also that it would outline a new economic package of its own by the time world leaders meet in early April.

Resurgent optimism gives big lift to Asian stocks
Asian stocks rose for a fourth day on Friday, with the Nikkei up 4% in Japan, helped by a smaller-than-expected decline in US retail sales and hopes that the largest US banks will survive without a government takeover.


Front page

Surprise pick for agriculture minister
President Dmitry Medvedev appointed Yelena Skrynnik, the little-known head of equipment leasing company Rosagroleasing, as agriculture minister on Thursday in a surprise decision praised by industry insiders.

Putin offers miners a crash course on crisis
Prime Minister Vladimir Putin sat down with coal miners in the industrial city of Novokuznetsk on Thursday, a week after President Dmitry Medvedev called for the government to make its anti-crisis plan understandable to ordinary citizens as well as politicians.


Court seizes Telenor stake in VimpelCom
In VimpelCom after a Russian court seized its shares in Russia's No 2 mobile operator.

Forbes finds 55 new Russian ex-billionaires
The majority of Russia's billionaires couldn't cope with the financial crisis, which wiped 55 names from the country's tally in the 2009 Forbes rich list.


No new updates


Front page

Obama focused on Turkey: Envoy
Turkey's friendly relations with countries such as Syria and Iran could contribute to Obama's policy of dialogue, says US Ambassador to Ankara James Jeffrey and highlights the importance Washington attaches to Turkey.

Goverment officials feel the public’s wrath
As government ministers hit the campaign trail to shore up local support for their parties, they are not spared the wrath of the man on the street, who is reeling from the adverse conditions created by the ongoing global financial crisis.

Business and finance

World's richest on shaky ground
The global crisis does not turn a blind eye to the wealthy who manage billions of dollars around the globe, shows the annual Forbes list.

Turkey's Denizbank to launch pension funds in July
Deniz Emeklilikve Hayat, the life insurance and private pensions operation of Denizbank, expects to launch its pension insurance business in July this year.


No new updates

By: Staff Reporter
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