In Tuesday's Europe papers

21 April 2009 05:30  [Source: ICIS news]


Front page

Oracle in $7.4bn swoop on Sun
Oracle chief executive Larry Ellison unveiled a surprise $7.4bn offer for Sun Microsystems on Monday, turning Sun’s collection of widely-used but undervalued software properties into the next targets for his wholesale consolidation of the software industry.

Fresh questions on Pandit’s future at Citi
Vikram Pandit, Citigroup’s chief executive, will on Tuesday strive to convince investors that the company is on the road to recovery amid fresh questions over his future at the financial group.

Companies and markets

Stock markets hit by BofA’s bleak forecast
US stocks suffered their worst one-day fall in six weeks on Monday as Bank of America spooked investors in financial shares by painting a bleak picture of economic conditions in the months to come.

Overview: Currency trading leads the way in risk aversion
Risk aversion dominated trading across global markets on Monday, with investors wary of forthcoming corporate earnings reports and the outcome of stress tests for US banks.


Front page

Spain’s falling prices fuel deflation fears in Europe
Faced with plunging orders, merchants across this recession-wracked country are starting to do something that many of them have never done: cut retail prices.

Avian flu cases in Egypt raise alarms
An unusual pattern of avian flu cases in Egypt – almost all are in toddlers, all of whom have survived – has led some flu-tracking websites to speculate that dozens of silent cases are circulating there.


Stocks fall in Asian trading
Stock markets in the Asia-Pacific region fell across the board on Tuesday, mirroring declines on Wall Street as renewed nervousness about the health of the US banking system put at least a temporary stop to a six-week rally in global stock markets.

China influence grows with car sales
After a century in which American tastes largely set the course of the global automotive market, China is poised to increasingly take on the role of global trendsetter.


Front page

Microsoft unveils $300m expansion
The company will offer more free services to students and startups.

Frenchman, family slain in Moscow home
A French businessman and his family were discovered dead in their burned-out apartment on Monday in central Moscow in an apparent case of murder and arson, investigators said.


Finland withholds pipeline backing
President Dmitry Medvedev did not win firm backing for the Nord Stream gas pipeline from his Finnish counterpart Tarja Halonen in Monday talks, a signal that bargaining will continue in the next few months.

Hambro announces 53% earnings jump
But the miner missed expectations partly because of forex losses.


Front page

Somali pirates form unholy alliance with Islamists
Warships have done little to deter Somalia’s pirates. But following the latest spate of hijackings, the West plans to take a more robust approach to protecting shipping.

Parties plan to bash CEOs in election campaign
With five months to go before Germany’s general election, the political parties on the left and right plan to win votes by giving chief executives a hammering in their campaigns.


No new updates


Front page

PM prepares for a week of intense diplomacy
Tomorrow morning Prime Minister Donald Tusk will have breakfast with British PM Gordon Brown to discuss EU energy policy issues, climate change and Afghanistan.

No last minute reprieve for Centralwings
Until the very last moment employees of Centralwings were convinced that the firm would be merged with its parent company LOT, and so were surprised that the carrier was liquidated.

By: Staff Reporter
+44 20 8652 3214

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