In Friday's Americas papers

13 March 2009 11:30  [Source: ICIS news]


Front page

China worried over US treasuries
Chinese Premier Wen Jiabao expressed concern over the outlook for the US debt China holds, and urged Washington to restore the economy to health.

Madoff pleads guilty
Bernard Madoff admitted to running a massive Ponzi scheme, and was jailed pending sentencing on 16 June. “As the years went by, I realised my risk, and this day would inevitably come,” Madoff said.

Switzerland steps in to set franc ceiling
Switzerland moved to weaken its currency. The central bank also cut its key interest rate to 0.25%.

Money & Investing

Lawmakers focus on executive pay
Cuomo is in talks with Rep Frank and other lawmakers on a plan to tie Wall Street pay to the long-term performance of the firms.

Obama talks compromise with CEOs
In a speech to leading CEOs, the president said he is ready to talk about cutting corporate income-tax rates and could compromise on his plan to combat global warming.

Tax havens pledge to ease secrecy laws
Two tax havens pledged to relax bank secrecy laws amid growing global pressure to curb tax evasion.


Front page

Tibet atrocities dot official China history
A Chinese exhibit is a propagandist tour de force that reinforces the Communist Party’s unbending version of history during what is referred as a “sensitive time.”

Investors see a glimmer and shares soar worldwide
Investors found financial news not as bad as feared, galvanising worldwide stock exchanges, but few experts are willing to call an end to the bear market.

Business Day

Reports of Vitter venting lead to inquiry
Senator David Vitter just spent another week on a very public runway, first turning his sights on others in the Senate and then finding himself caught in another type of spotlight.

The first lady's first trip
Michelle Obama visited the military base at Fort Bragg where she offered thanks and support to military families.


Front page

Americans lost wealth at staggering rate in 2008
New data underline how quickly prosperity built during credit bubble has vanished, leaving folks without college funds, nest eggs they had set aside.

Rage still boils following plea
Disgraced financier Bernard Madoff's guilty plea gives faint solace to his defrauded victims.


White House ethics? 'Mr no' knows.
Norm Eisen is the administration's ethics adviser, called every time there's a question regarding more than 1,000 pages of government ethics rules.

Filling attorney jobs a challenge
Obama has not made clear how he will pick US prosecutors, a group that shapes law enforcement.


Front page

Western premiers unite to combat gang violence
A new political bloc representing Canada's three westernmost provinces will meet on Friday to press Ottawa for help to combat escalating gang violence.

A desperate search in the frigid Atlantic
The helicopter was about half an hour out from St John's, flying in light morning winds above the choppy seas of the North Atlantic, when mechanical problems hit.


Madoff goes to jail on 11 guilty pleas
Bernard Madoff faces maximum sentence of 150 years for $65bn scam.

Overseas markets surge on stimulus hopes
Japanese benchmark up more than 5%, Hong Kong's almost 4%.


Front page

Police angry over attacks, conditions
BA province police officers demanding better working conditions at the funeral of a murdered colleague.

Madoff pleads guilty
Bernard Madoff pleaded guilty to charges he orchestrated the biggest fraud in Wall Street history and was ordered to jail to await a sentence that could send him to prison for the rest of his life.

Wall St jumps on GE, Bank of America data
US stocks rose for a third day on Thursday on relief that a ratings cut by S&P in General Electric was just one notch and that no further cuts loomed, while Bank of America reported two months’ profits and retail sales data showed some stabilisation in consumer spending.
By: Staff Reporter
+44 20 8652 3214

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