In Thursday's Europe papers

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

FINANCIAL TIMES

Front page

Hedge fund managers warn on EU plans
Hedge fund managers and private equity bosses rounded on European Commission plans for sweeping new regulation of their industries, warning that proposals published on Wednesday in Brussels threatened to cripple businesses that managed €2,000bn of assets.

Obama hopeful for Chrysler survival
Barack Obama said on Wednesday night that he was increasingly confident that Chrysler would survive as a viable company and said he had no intention of maintaining a government stake in the ailing car company or other private businesses longer than was essential.

Companies and markets

Lewis loses role as BofA chairman
Bank of America chief executive Ken Lewis was stripped of his role as chairman on Wednesday after a rebellion among shareholders forced BofA’s normally quiescent board to replace him with long-time director Walter Massey.

Equities bounce back as flu fears ease
Global stock markets rebounded on Wednesday as fears about a possible swine flu pandemic subsided in spite of more deaths in Mexico, and signals from the Federal Reserve that the worst of the US recession may be over boosted sentiment.

INTERNATIONAL HERALD TRIBUNE

No new updates

THE MOSCOW TIMES

Front page

Kiev lets Gazprom upgrade pipelines
Ukrainian Prime Minister Yulia Tymoshenko on Wednesday invited Gazprom to take part in efforts to upgrade her country's sprawling gas pipelines, but that did not fully heal the wounds that bilateral ties suffered from Ukraine's recent pipeline deal with the European Union.

Belykh offers change Kirov can believe in
It's only been four months since liberal politician Nikita Belykh became the governor of Kirov, but local businessmen say the difference is like night and day.

Business

Gazprom's Q4 profit falls 84%
Gazprom on Wednesday reported fourth-quarter profits down 84% year on year, citing over $1bn in write-downs as it braced for a slowdown in its key domestic power generation market.

Sistema has Q4 loss on plunging ruble
Sistema, billionaire Vladimir Yevtushenkov's holding company, reported a fourth-quarter net loss of $713.9m, compared to a profit of $467m in the same period the year before, after a fall in the value of the ruble drove down revenues.

DER SPIEGEL

Front page

Current crisis shows uncanny parallels to Great Depression
Is history repeating itself? The current global downturn has many parallels to the Great Depression.

The instant American revolution
After his first 100 days, an arbitrary landmark set by Franklin D. Roosevelt, President Obama has overturned decades of Republican ideology in Washington.

HURRIYET DAILY NEWS

Front page

Critical to Ergenekon probe, Basbug says plotters not wanted in army
Turkey’s top general Wednesday criticized the methodology used in the ongoing alleged Ergenekon case and its coverage by the media, making his first open criticism of the probe, in which hundreds of prominent people, including retired generals, have been arrested.

Implicit 'genocide' threat lies behind Turkey-Armenia breakthrough
The threat of a word is behind the breakthrough after years of diplomatic strife between Turkey and Armenia.

Business and finance

Turkish CB sees 'moderate' future rate cuts
Turkey's central bank expects any future interest rate reductions to be moderate, even as the decline in inflation is expected to accelerate, according to a statement released on Wednesday.

Turkish Q1 tourism revenues drop 11.2% year on year
Turkish tourism revenues fell 11.2% year-on-year to $2.467bn in the first quarter, official data showed on Wednesday, underlining the impact of the global economic crisis on the sector.

WARSAW BUSINESS JOURNAL

Front page

More false claims in new PiS TV ad
The opposition Law and Justice (PiS) party yesterday launched a new television advert criticising ruling Civic Platform (PO) and suggesting PO's main candidate in the elections to the European Parliament is controversial PO deputy Janusz Palikot.

Poland in competition with Italy, says Polish PM
After meeting with the Prime Minister of Italy, Silvio Berlusconi, Prime Minister Donald Tusk declared during a press conference that there is a competition between Poland and Italy, but it is a friendly competition.

By: Staff Reporter
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