In Friday's Americas papers

17 April 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Brown's G-20 bounce is short-lived
The political boost Gordon Brown got from the G-20 summit has dissipated rapidly as UK voters focus on the country's grim economic outlook.

Kremlin ends military lockdown in Chechnya
The Kremlin ended a 10-year lockdown of Chechnya, further empowering the former warlord it picked to control a region ravaged by two wars in 15 years.

Chrysler CEO sees change
Chrysler will likely get a new chief executive and board chosen by Italy's Fiat and the US government if the firms form an alliance.

Money & Investing

European company defaults are rising
The pace of European company defaults has picked up considerably this year relative to the US and there are indications things will get worse.

Rattner involved in inquiry on fees
Steven Rattner, leader of the auto task force, was one of the investment-firm executives involved with payments now under scrutiny in a state and federal probe into an alleged kickback scheme at New York state's pension fund.

Icahn battles Kerkorian in big Vegas showdown
Two legendary investors are preparing to face off in a high-stakes game whose outcome could reshape the future of MGM Mirage and the face of Las Vegas.

THE NEW YORK TIMES

No new updates

WASHINGTON POST

Front page

Impoverished Haiti slips further as remittances dry up
The US economic crisis touched down recently in the dusty town where Marie Rosita Simon ekes out a living selling sandals.

Banks rush to repay US funds, but cling to other lifelines
Six months after Washington rescued Wall Street, exasperated banks insist they want to leave the lifeboat.

Business

Tysons galleria operator files for chapter 11
General Growth Properties, the giant shopping mall company whose holdings stretch from Tysons Corner to the marketplaces of Baltimore's Inner Harbour, seeks bankruptcy protection.

Rescued banks balk at Chrysler deal
Chief of the federal auto task force tells four banks and several financial firms to surrender $7bn in claims if car-maker is to survive.

GLOBE AND MAIL, Canada

Front page

Canada's top soldier apologises for repatriation delay
Canada's top soldier issued an apology late Thursday after it was revealed the military plane carrying the remains of Trooper Karine Blais dropped off troops in Ottawa – where flags weren't lowered – before heading to Trenton for her official repatriation.

Ottawa refuses to rescue AbitibiBowater
Ottawa is refusing to rescue AbitibiBowater Inc with loan guarantees – putting thousands of jobs in communities across Canada at risk after the forest products giant filed for bankruptcy protection.

Business

Junk bonds signal revival of credit
Even risky companies are regaining access to credit markets as sales of high-yield bonds surge, signalling that the lending tap is opening further as investors regain confidence that the global economy has avoided a depression.

Ottawa, Chrysler go public ahead of CAW negotiations
The key players who will determine whether Chrysler LLC has a future in Canada are digging in their heels, increasing the danger that a rescue effort could collapse.

BUENOS AIRES HERALD

Front page

Cobos not attending Radical Convention
Vice-President Julio Cobos yesterday announced he will not attend the UCR Radical Party National Convention, which is gathering today in Mar del Plata to formally welcome him back to the fold after being expelled in 2007 when he became President Cristina Fernández de Kirchner's running-mate.

Killing by minor sparks Lanús outrage
Hundreds in a Lanús suburb yesterday protest on Wednesday's killing of a postal employee.

Bolivia 'foils plot' to kill Evo
Bolivian security forces said they thwarted an assassination plot against President Evo Morales yesterday, killing three people in a half-hour shootout in the opposition stronghold of Santa Cruz.


By: Staff Reporter
+44 20 8652 3214



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