In Wednesday's Americas papers

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


Front page

India gets its first woman speaker
India's Parliament elected its first-ever female speaker, the daughter of a former deputy prime minister and an untouchable, a member of India's lowest caste.

India slams release of Cleric
A Pakistani court ordered the release of a hard-line Islamist cleric allegedly linked to last year's deadly attacks in Mumbai, his lawyer said, setting the stage for a new round of tensions between the neighbouring countries.

Air France debris found in Atlantic
Brazil's military found a three-mile trail of airplane seats, oil and other debris from Air France Flight 447 in the Atlantic Ocean, setting off a difficult search for the crashed plane's two "black boxes" in deep waters.

Money & Investing

Car sales show signs of stabilising
US car sales sank in May, but showed signs of firming up. GM, Ford and Toyota all posted their highest monthly totals so far this year.

Banks' telethon is nearly over
Big banks have raised at least $85bn in just the past month through selling shares to investors and other fund-raising.

China firm to buy Hummer
An obscure Chinese construction-equipment maker plans to buy Hummer from GM, a deal that presages the future shape of the international auto industry.


Front page

US report finds air strike errors in Afghan deaths
US personnel made major errors in carrying out air strikes that killed dozens of Afghan civilians, a military investigation has concluded.

US releases secret list of nuclear sites accidentally
The federal government mistakenly made public a 266-page report, marked "highly confidential", that gives detailed information about hundreds of nuclear sites and programs.

Business Day

Detroit’s woes wound an army of suppliers
For nine years, the Strong brothers, Mark and Tim, made tools in their machine shop to maintain the giant presses that stamped steel sheets into fenders and hoods at a nearby General Motors factory in Lansing, Mich.

New-vehicle sales reach a 2009 high
New-vehicle sales in the US climbed to their highest levels of the year in May, but demand for vehicles is still below the level automakers need to make a profit.


Front page

US nuclear details briefly posted online
Document outlining hundreds of civilian nuclear sites appears on government Website for about a day in apparently inadvertent security breach.

Chrysler sale faces challenge
Exit from bankruptcy could be delayed after court agrees to hear from lenders seeking to block sale.


Ford's production rising as rivals are struggling
The automaker now controls 15.1% of the marketplace, and some analysts predict that Ford could leap past General Motors in sales by the end of the year.

Banks eagerly await okay to repay aid
JP Morgan Chase, Goldman Sachs and American Express are among the banks which may get government approval to repay billions of dollars in federal aid.


Front page

Minister's secret papers left at news office
The federal cabinet minister responsible for finding a replacement supply of medical isotopes after the shutdown of the Chalk River reactor will have to explain why secret documents about the nuclear industry were left at a national television bureau.

Key to crash lies at bottom of ocean
Unravelling the grim mystery of Air France's Flight 447 will require months of painstaking investigation and – more than in most crashes – the detailed accounts of the doomed aircraft's last few fateful minutes digitally recorded by two black boxes now lying on the ocean floor.


Ottawa's $170bn challenge
The federal government is heading for a string of much larger than expected deficits over half a decade that will drive Ottawa more than $170bn into debt, a new independent forecast warns.

GM's gas-guzzler now China's new ride
As the likely economic superpower for a post-recovery world, China seemed to have everything, except its own mighty global brands.


Front page

Wreckage off Brazilian coast confirmed to be from Air France jet
Wreckage located in the Atlantic Ocean is "without a doubt" from the Air France jet that was to fly from Rio de Janeiro to Paris with 228 people on board, according to Brazil's Defence Minister.

Business chambers urge Mercosur to block Venezuelan membership
Argentine business chambers requested that the Mercosur go back with the initiative to join Venezuela as a member of the regional bloc, after the Caribbean country announced it would expropriate foreign companies.

13 new H1N1 cases in Argentina
Health Ministry confirmed 13 new cases, this means there are 144 people infected in the country.

By: Staff Reporter
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