In Friday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Tory star rises as threat to Brown
Now that UK Prime Minister Brown has beaten back a Labour Party mutiny, he must battle a fresh-faced politician from the party of Margaret Thatcher - David Cameron.

BlackRock to buy BGI
BlackRock reached an agreement to buy indexing giant Barclays Global Investors from British bank Barclays for $13.5bn.

Saudi Arabia's renewed political influence counters Tehran
Saudi Arabia's traditional clout over Middle East politics appears to be on the rebound with the weekend election victory of its political allies in Lebanon, after years of frustration in Riyadh over Iran's regional ascendancy.

Money & Investing

GM close to a deal to sell Saab
A deal to sell GM's Saab could come as soon as Friday, signalling the company is close to resolving a critical loose end in its restructuring.

Shares trade mixed
European stocks lacked direction, as investors paused for breath and digested the recent talk about economic recovery.

Lebedev in talks to buy Independent
Russian tycoon Alexander Lebedev is in talks to buy London's struggling Independent newspaper.

THE NEW YORK TIMES

Front page

As Iran votes, talk of a sea change
With polls now open in Iran, some say new democratic energies could affect the country’s politics whether or not President Mahmoud Ahmadinejad is defeated.

Door to door as missionaries, then as salesmen
Six days a week, in fair weather and foul, two-dozen door-to-door salesmen, all of whom live clustered together in an apartment complex in this suburb west of Chicago, pile into SUV’s and cars and head into the big city, bent on sales of home security systems.

Business Day

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.

WASHINGTON POST

Front page

Obama bows on settling detainees in the US
Abandoning plans to bring Guantanamo inmates into the country will likely placate Congress but complicate efforts to get Europe to take them.

'Was he capable of this? Yes.'
The anger of James Wenneker von Brunn was too big for the quiet civility of the small town on Maryland's Eastern Shore where he made his home for much of the past three decades.

Business

Spending stimulus money takes money
Spending $787bn not only takes time, it turns out, it also costs money - and that is good news for Washington.

Rate hike could choke recovery
Rising long-term interest rates are making it more expensive for home buyers, corporations and the US government to borrow money, threatening to further stifle an already weak economy.

GLOBE AND MAIL, Canada

Front page

Flu-stricken native community 'in a war with no artillery'
For the past month, flights in and out of Garden Hill First Nation have been leaving full and returning empty.

PM delivers rosy economic report
With his political future on the line, Stephen Harper is asking Canadians to buy his pitch that Ottawa's hefty stimulus package has made quick strides to pull the country out of recession.

Business

Banks lose class action over credit card charges
Canada's big banks have lost an important round in their battle to be excluded from provincial consumer protection laws.

Canada's production capacity idled
At the height of the global financial crisis and commodity price crash last October, Blue Note Mining Inc ran out of options.

BUENOS AIRES HERALD

Front page

WHO declared H1N1 virus pandemic, 343 cases in Argentina
The World Health Organization declared the first flu pandemic of the 21st century, Sweden's health ministry said.

Ahmadinejad lashes out at rival just before vote
Iran's hard-line president is accusing his pro-reform opponent of lying about Iran's economic troubles to sway voters.

Judge turns down De Narváez challenge
Judge Faggionato Márquez today turned down a challenge presented by Deputy Francisco De Narváez, who had accused the magistrate of following political motivations when he linked the candidate of Unión-PRO to a drug-trafficking probe, judicial sources said.

By: Staff Reporter
+44 20 8652 3214

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