In Friday's Europe papers

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

FINANCIAL TIMES

Front page

Darling warns on economic recovery
Alistair Darling warned on Thursday Britain’s economic recovery could be held back by rising oil prices and a failure by other European countries to clean up their banks.

BlackRock to buy BGI for $13.5bn
BlackRock agreed on Thursday night to pay $13.5bn in cash and shares to buy Barclays Global Investors in a deal that will make the US money manager the biggest in the world – with more than $3,000bn in assets under management.

Companies and markets

Lewis grilled over Merrill deal
Ken Lewis, Bank of America chief executive, faced aggressive questioning in US Congress on Wednesday over the circumstances surrounding the troubled takeover of Merrill Lynch last year.

Overview: Mood improves as US bond auction goes well
A steadier tone to the US government bond market paved the way for equity and commodity prices to forge ahead on Thursday following fresh signs that the US economy might be past the worst.

INTERNATIONAL HERALD TRIBUNE

Front page

As Iran votes, talk of a sea change
Less than two months ago, it was widely assumed here and in the West that Mahmoud Ahmadinejad, Iran’s hard-line president, would coast to another victory in the elections on Friday.

As wind power grows, a push to tear down dams
For decades, most of the nation’s renewable power has come from dams, which supplied cheap electricity without requiring fossil fuels.

Business

Senate votes to allow FDA to regulate tobacco
More than four decades after the surgeon general declared smoking a health hazard, the Senate on Thursday cleared the final hurdle to empowering federal officials to regulate cigarettes and other forms of tobacco for the first time.

US recovery could outstrip Europe’s pace
There was more evidence on Thursday that the United States economy might be stabilising, if not rebounding, even as economic reports in Europe remained gloomy.

THE MOSCOW TIMES

No new updates

DER SPIEGEL

Front page

Is Iran on the brink of change?
Iranians go to the polls on Friday to elect a new president after an unusually heated election campaign.

Vienna Zoo combines wild with waste
The Schönbrunn Zoo in Vienna has launched an art installation that puts its animals side-by-side with symbols of humanity’s trashing of the environment – including abandoned cars, rusty bathtubs and toxic waste.

HURRIYET DAILY NEWS

Front page

Turkish PM seeks DTP help, blames it for trouble
The prime minister says when the Democratic Society Party denounces the PKK as a terrorist organisation, the government will meet with its members.

‘Beyoğlu’s police mistreats suspects’
Police stationed at the Beyoğlu police station in central Istanbul have mistreated suspects and used violence against them, says a report prepared by Parliament’s Human Rights Commission.

Business and finance

Analyst lambasts rating agency over Turkey note
As Moody’s affirms its investment grade rating on Latvia, which may well be on the brink of default, Timothy Ash of the Royal Bank of Scotland points toward the disparity between Latvia’s rating and Turkey’s ‘below investment grade’ rating.

BRIC nations buy IMF debt to join big leagues
Brazil, Russia, India and China, dubbed the BRIC economies, are shifting foreign reserves into International Monetary Fund bonds to increase their clout in the global economy, according to Alberto Ramos of Goldman Sachs.

WARSAW BUSINESS JOURNAL

Front page

E95 fuel to hit zł.4.55 a litre this summer
The cost of driving across Poland over the long weekend will cost more than it would have a few weeks ago, after the price of oil hit $71.07 (zł.318.22) per barrel on Wednesday – its highest level since 4 November.

Polish Ministry to receive zł.50bn by year’s end?
The Ministry of Regional Development has already signed deals with the European Union for zł.26bn.

By: Staff Reporter
+44 20 8652 3214

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