In Thursday's Europe papers

11 June 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

City fears EU regulatory onslaught
Leading City figures warned on Wednesday that the political turmoil surrounding Gordon Brown was threatening his government’s ability to defend them from tough new European rules that could make it harder for them to compete with rivals abroad.

ECB lends €3bn to Swedish bank
The European Central Bank stepped in on Wednesday to help avert a Baltic financial crisis by lending €3bn to the central bank in Sweden, whose banks dominate the region’s financial sector.

Companies and markets

Citigroup in defensive mode with poison pill
Citigroup on Wednesday introduced a "poison pill" that discourages investors from buying more than 5% of its shares and deters large shareholders from raising their stakes in an effort to protect a $43bn tax benefit.

Nikkei breaks through 10,000 level
Japan’s Nikkei 225 average on Thursday broke through the psychological threshold of 10,000 for the first time in eight months, led by steelmakers and financial stocks.

INTERNATIONAL HERALD TRIBUNE

Front page

More leeway for new US commander in Afghanistan
The new American commander in Afghanistan has been given carte blanche to handpick a dream team of subordinates, including many Special Operations veterans, as he moves to carry out an ambitious new strategy that envisions stepped-up attacks on Taliban fighters and narcotics networks.

Rival not in race aims to beat Iran leader
Though not a candidate, Ali Akbar Hashemi Rafsanjani is working to unseat President Mahmoud Ahmadinejad.

Business

Treasury to set executives’ pay at seven ailing firms
The Obama administration’s sweeping new proposal to restrict executive pay is likely to be a humbling exercise for seven of the nation’s largest companies, which have received billions of dollars in federal assistance to survive the economic crisis.

US takes on the insular culture of GM
Fiat will set a new direction at Chrysler, which finished its tour through bankruptcy court on Wednesday, completing its deal to join forces with the Italian automaker.

THE MOSCOW TIMES

Front page

Medvedev threatens to axe governors
President Dmitry Medvedev said on Wednesday that he would fire governors who failed to cope with unemployment and wage arrears.

Vow to Europe to offer sex ed angers parents
Russia has one of the world’s highest rates of HIV infection among young people. At the same time, schools are teaching students that sexually transmitted diseases are caused by a "frivolous lifestyle," and textbooks fail to mention the word "condom".

Business

Notebook antitrust probe opened
The Federal Anti-Monopoly Service said on Wednesday that it had opened a case against six major notebook producers, following consumers’ complaints that they were being forced to buy Microsoft’s Windows operating system along with new computers.

US treasuries to be cut from reserves
Russia on Wednesday pledged to cut the share of US treasuries in its $400bn reserves, driving the dollar lower on global markets, although it said the move would be gradual and only replace bonds as they expire.

DER SPIEGEL

Front page

The woman Ahmadinejad should fear
Zahra Rahnavard could turn the tide in Friday’s elections in Iran. The former university chancellor is the wife of presidential candidate Mir Hossein Mousavi and her popularity with Iranian women could be his secret weapon against President Ahmadinejad.

The Berlin Wall gets a makeover
The longest remaining stretch of the Berlin Wall is known for its colourful and political murals. The iconic images, though, have flaked and faded. This summer, artists from around the world have returned to retrace their brushstrokes.

HURRIYET DAILY NEWS

Front page

20 years for murder, 28 years for murder book
More than two years after Agos editor Hrant Dink was shot dead, a reporter stands trial for writing about the circumstances surrounding the murder.

Fest’s 40 years of maturity blended with 16 years of pep
Although film screenings started on Monday, the 16th Adana Golden Boll Film Festival unveils its red carpet Tuesday night for big names in Turkish and world cinema.

Business and finance

Coal dispute sheds light on shock raid
Nine people were arrested on charges of fraud after the 4 June gendarmerie raid on the Kangal Coal Basin in central Anatolia. Now, it has been revealed that the raid coincides with a legal dispute between a private company and state-owned Electricity Generation Co.

Fed pushed for Merrill purchase, Lewis claims
In remarks prepared for a testimony at the US Congress, Kenneth Lewis, the Bank of America chief executive who is under fire for purchasing Merrill Lynch, says he was forced to do so.

WARSAW BUSINESS JOURNAL

Front page

Actress from political ad attacked
An actress who appeared in a Law and Justice (PiS) advert during the party’s European Parliament campaign has told the police that she was beaten outside her residence early on Saturday.

LOT begins to sell assets to pay debts
The new CEO of national airline PLL LOT Sebastian Mikosz is looking for ways to raise cash and pay off company debts and to this end he has found an important ally in TF Silesia.

By: Staff Reporter
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