In Tuesday's Europe papers
28 April 2009 05:30 [Source: ICIS news]
UK banks face higher capital ratios
Britain’s "too-big-to-fail" banking groups could be forced to hoard billions of pounds of extra capital as an insurance against future financial crises, after Alistair Darling decided against splitting them up.
First UK swine flu cases confirmed
Two holidaymakers admitted to a Scottish hospital after returning from Mexico were confirmed last night as the UK’s first cases of swine flu as the World Health Organisation said the virus posed a "significant risk" and increased its pandemic alert.
Companies and markets
US to take majority GM stake
US taxpayers would take a majority shareholding in General Motors under a sweeping debt-for-equity restructuring proposal that the car maker revealed on Monday in a bid to avoid bankruptcy.
Borrowing costs hit fresh low
The cost of borrowing for the riskiest companies has fallen to its lowest level in more than six months and prompted a surge in new debt issues, increasing hopes that the worst stage of the financial crisis may be over.
INTERNATIONAL HERALD TRIBUNE
WHO issues higher alert on swine flu, with advice
As the toll in Mexico climbed to 149, the World Health Organisation raised its threat level, but said that "a pandemic is not considered inevitable."
Pakistani truce is on shakier ground
A negotiator for the Taliban broke off talks with the government to protest a government offensive in the Swat valley.
GM’s latest plan envisions a much smaller automaker
GM expects to pare its American workforce to 38,000 union employees, compared with 395,000 at its peak in 1970.
In China, knockoff cell phones are a hit
An industry building look-alike mobile phones for as little as $35 is tickling China’s pride in rebellious creativity.
THE MOSCOW TIMES
Jobless rate climbs to 10%
The unemployment rate hit 10% last month and will continue to grow, but at a much slower pace, for the rest of the year, the Economic Development Ministry said on Monday.
Moscow cop kills three in rampage
An off-duty police officer went on a shooting spree in a Moscow supermarket on early Monday, killing three people and wounding six, after quarrelling with his wife on his birthday.
Sberbank's Q4 earnings down 80%
Sberbank saw its fourth-quarter earnings tumble 80% to 7.5 bn rubles ($224m), largely in line with analyst projections, driven mainly by increased provisions for non-performing loans.
Conflicting messages on Boguchansk deal
RusHydro said on Monday that it would slash construction costs at its Boguchansk hydro power plant by 11% this year and would pay out 750m rubles ($22.5m) of debt with partner RusAl to the plant's builders by the end of the week.
New evidence of torture prison in Poland
The current debate in the US on the "special interrogation methods" sanctioned by the Bush administration could soon reach Europe.
EU advises travellers to avoid Mexico and US
The EU has warned travellers on Monday to stay away from Mexico and the US as governments worldwide moved to contain the spread of swine flu, and the first confirmed cases of the disease were reported in Europe.
HURRIYET DAILY NEWS
Turkish government's focus on credits
The sixth package introduced by the government to fight against the economic slowdown aims to help private sector companies obtain loans from banks.
Tough times for the Turkish people working in US
People who have working permits to work in the United States are pushed aside, as the federal government is urging companies to prioritise US citizens when seeking to hire new employees.
Business and finance
Stocks, grains and peso retreat on swine flu fear
As if we did not have enough to contend with,’ becomes the first response in global markets to the swine flu outbreak.
Agency sees contraction
Moody’s Investor Service is expecting the Turkish economy to contract at least 4% this year, according to an e-mailed statement yesterday.
WARSAW BUSINESS JOURNAL
Fading chances for 2012 adoption of euro
It is increasingly less likely that Poland will adopt the euro currency in 2012, but the Finance Ministry still claims that it might be achieved.
Toshiba relocates European TV production to Kobierzyce
Poland is becoming the main manufacturing hub of Toshiba in Europe. By: Staff Reporter+44 20 8652 3214
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