In Monday's Americas papers

01 June 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Inflation may lead RBI to tighten policy

With India's economy stabilising and signs inflation could make a comeback before long, some economists say the central bank could begin to rein in its easy monetary policy towards the end of this year.

India exports down 33.2%

India's merchandise exports in April fell 33.2% from a year earlier to $10.74bn. Imports fell 36.6% on year to $15.75bn.

Maruti Suzuki posts rise in sales

Maruti Suzuki India, India's largest automaker by sales, posted a fifth straight rise in monthly vehicle sales in May as it sold more Ritz and A-Star small cars.

Money & Investing


Ford seeks to gain amid rivals' pain

Ford plans to increase production in the third quarter in a bid to gain market share while its rivals are bogged down in restructuring.

Chrysler could exit Chapter 11 Monday
Chrysler could exit bankruptcy reorganisation as soon as Monday. A judge approved the sale of most of Chrysler's assets to alliance partner Fiat.

Drug makers collaborate on cancer drugs
Merck and AstraZeneca plan to test a new cancer regimen composed of two experimental agents.

THE NEW YORK TIMES

Front page

After many stumbles, the fall of an American giant
Rarely has a company fallen so far and so fast as General Motors, which ruled the car industry for more than half a century.

Judge clears way for sale of Chrysler to Fiat
A federal judge on Sunday night cleared a path for Chrysler to exit bankruptcy by approving a sale of most of the carmaker’s assets to a new entity to be run by Fiat of Italy.

Business Day

The 31-year-old in charge of dismantling GM
Brian Deese, who had never even set foot inside an auto assembly plant, is the little-hand behind the restructuring of the American automobile industry.

Once a key to recovery, Detroit adds to the pain
With General Motors about to follow Chrysler into bankruptcy, the nation’s ability to bounce back from the steep recession is being hobbled.

WASHINGTON POST

Front page

Suspect held in Kansas abortion doctor’s slaying
Scott Roeder, identified on Sunday as a possible suspect in the slaying of prominent Kansas late-term abortion provider George R Tiller, is known in anti-abortion circles as a man who believes that killing an abortion doctor is justifiable.

Al-Qaeda seen as shaken in Pakistan
Drone-launched US missile attacks and Pakistan’s ongoing military offensive in and around the Swat Valley have unsettled Al-Qaeda and undermined its relative invulnerability in Pakistani mountain sanctuaries, US military and intelligence officials say.

Business

US gets majority stake in new GM
The Obama administration plans to take the next step towards resuscitating the American auto industry today, sending General Motors, the storied manufacturer, into bankruptcy protection.

In Cox years at the SEC, policies undercut action
During Christopher Cox’s tenure, SEC efforts to investigate and punish corporate wrongdoing were hampered and penalties imposed on companies fell 84%.

GLOBE AND MAIL, Canada

Front page

GM set for bankruptcy protection, Canadian governments to own 12%
The federal and Ontario governments will own 12% of a restructured General Motors Corp that will file for bankruptcy protection this morning, the culmination of an historic fall from grace for the one-time largest auto maker in the world and one of the giants of American capitalism.

Canada-US border requirement kicks in on Monday
It has always been a bit of a misnomer - the "world’s longest undefended border" is actually pretty well defended.

Business

How Stronach wooed Germany’s Merkel
A two-hour meeting with German Chancellor Angela Merkel was pivotal in Frank Stronach’s quest to take over General Motors Corp’s key European operations.

Rogers spends to get with the programmes
Canada’s major television networks will unveil their new fall prime-time line-ups this week, hoping to attract an influx of ad dollars with the promise of the next big ratings hit.

BUENOS AIRES HERALD

Front page

Polls show Kirchner in the lead, opposition not far behind
Argentina’s ex-President Néstor Kirchner, candidate for the Justicialist Front for Victory, is at the top of the polls less than a month away from the 28 June elections.

Official: US and Cuba agree to resume migration talks
The United States and Cuba have agreed to resume direct talks on migration, last held in 2003, and open discussions on establishing direct mail service between the two countries, a US official said today.

Jujuy death unlikely to be related to H1N1
A 29-year-old man died on Saturday after have being hospitalised the day before in San Salvador de Jujuy, Capitol of Jujuy province.


By: Staff Reporter
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