In Wednesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Virus’s arrival is reported on four continents
More evidence of the global spread of a deadly flu emerged on Wednesday, as an eighth country confirmed the disease’s presence and a growing number of people in the US required hospital treatment.

EU poised to tighten regulation
Investment-fund managers and bankers are bracing for a raft of European proposals aimed at regulating everything from how they run their businesses to how much they get paid.

Investors, regulators beset BofA’s Lewis
Bank of America’s Kenneth Lewis appears likely to win re-election to the bank’s board. However, a separate proposal to force him out as chairman was too close to call.

Money & Investing

Citi seeks approval to pay out bonuses
Citigroup is asking the Treasury for permission to pay special bonuses to many employees. The request comes as the bank is grappling with pay restrictions that could break apart its energy-trading unit.

SEC to fight fraud with specialists
The SEC is planning to set up teams of specialists who will focus on specific types of financial crimes.

FBI arrests Danny Pang
The FBI arrested financier Danny Pang on charges of structuring cash transactions to keep them under the $10,000 figure that triggers a report to the government.

THE NEW YORK TIMES

Front page

US sets fight in the poppies to stop Taliban
Commanders are planning to cut off the Taliban’s main source of money, Afghanistan’s multimillion-dollar opium crop, by doubling the number of troops in three provinces.

Obama’s stand in auto crisis shows early resolve
For a new president, the automobile industry crisis has tested the boundaries of President Obama’s activist approach and the acuity of his political instincts.

Business Day

US home prices continued to decline in February
Phoenix has achieved the unwelcome distinction of becoming the first major American city where home prices have fallen in half since the market peaked in the middle of the decade, according to data released on Tuesday.

Feeling more secure, some banks want to be left alone
Emboldened by newfound profits and eager to shake off federal control, a growing number of banks are resisting the Obama administration’s proposals for fixing the system.

WASHINGTON POST

Front page

Specter leaves GOP, shifting Senate balance
Sen. Arlen Specter of Pennsylvania provided a boost to President Obama’s ambitious legislative agenda yesterday by abandoning the Republican Party in the face of shifting political realities at home and an aggressive courtship by the White House and party leaders.

Experts study differences in flu’s severity
Health authorities raced yesterday to unravel the many mysteries about the ominous new swine flu spreading around the world, including how widely the virus might cause the severe form of illness that so far has been restricted to the epicentre of the outbreak in Mexico.

Business

A reality check for economic optimism
Seemingly everyone from President Obama to top Federal Reserve officials to cable TV talking heads has been talking lately about signs that the economy could be stabilising.

US in control: Its goal to fix, not run, firms
When it comes to justifying state control of big corporations, Barack Obama is no Francois Mitterrand.

GLOBE AND MAIL, Canada

Front page

Canadian swine flu cases double as tourists come home
The number of confirmed cases of swine flu in Canada more than doubled to 13 on Tuesday and hundreds of potential victims were being monitored in New York as the World Health Organisation urged countries to prepare for a possible pandemic.

Top two parties running neck and neck in BC
The British Columbia election has drifted into a dead heat, with an Angus Reid Strategies poll showing both the Liberals and NDP are still groping for a message that can galvanise voters.

Business

Ottawa takes aim at coal power
The federal government is planning sweeping new climate-change regulations for Canada’s electricity sector that will phase out traditional coal-fired power.

With interest rates at zero, Fed looks at going negative
Economists and traders expect the Federal Reserve to signal just that on Wednesday when it makes its first policy announcement since lowering its benchmark target to between zero and 0.25m, a move that left it no room to cut interest rates the conventional way.

BUENOS AIRES HERALD

Front page

Direct flights from Mexico cancelled
Cabinet Chief Sergio Massa last night announced that all direct flights from Mexico DF are cancelled until Monday, among other measures to prevent swine flu from spreading in Argentina.

Pakistan pounds Taliban 100km from Islamabad
Pakistani jets and attack helicopters struck Taliban positions in mountains close to the capital yesterday as part of a widening offensive against militants spreading out from the lawless region along the border with Afghanistan, the military said.

Specter goes Democrat
Veteran Republican Sen. Arlen Specter switched parties yesterday with a suddenness that stunned Washington, a moderate’s defection that left Democrats one seat shy of a 60-vote supermajority they need to push President Barack Obama’s agenda through the Senate.


By: Staff Reporter
+44 20 8652 3214



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