In Monday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Iran to investigate vote fraud claims
Iran’s supreme leader ordered an investigation into claims of election fraud, as the opposition vowed to march through Tehran despite a rally ban.

TomTom to sell shares to ease debt
TomTom, a Dutch navigation-products maker, plans to raise about $607m by selling new shares to alleviate a heavy debt burden.

Israel offers plan for Palestinian state
Israel’s Netanyahu said he would accept an independent Palestinian state as long as it was demilitarised and had limited governing powers.

Money & Investing

Details set for remake of financial regulations
Obama’s broad revamp of financial supervision would give the Fed broader oversight, authorise the government to unwind systemically important firms and create a new regulator for consumer-oriented products.

Federal intervention pits ‘gets’ versus ‘get-nots’
The government’s massive intervention has shifted the way companies do business. Many are now competing on the basis of their ability to tap government money, opening a divide between the gets and get-nots.

Gas gain on coal
A precipitous drop in the price of natural gas means lower bills for some electricity consumers but spells trouble for coal producers.

THE NEW YORK TIMES

Front page

Iran bans opposition rally as critics are detained
The main Iranian opposition on Monday postponed a major rally it had called to protest the disputed presidential vote on Friday, according to an opposition website and news reports.

A world of risk for a new brand of journalist
Freelancers and others on unconventional assignments for start-up news organisations may find fewer resources to help them when they are in danger.

Business Day

Insurance giant AIG takes ex-chief to court
The latest act in the drama of the American International Group opens on Monday when the ailing insurance giant takes its former chief executive to court, accusing him of plundering a trust that it says was set up to pay top performers.

Even Forbes is pinching pennies
With its yearly list of the most fabulously wealthy and legion of articles lionising business leaders, Forbes magazine has long been a synonym for riches, success and a belief that business, left to its own devices, will create a better world.

WASHINGTON POST

Front page

Muted response reflects US diplomatic dilemma
The confused aftermath of Iran’s presidential election is complicating the Obama administration’s planned outreach to the Islamic republic and underscoring the challenges facing the president’s new approach to the Middle East based on shared values and common interests.

Iranian candidate exhorts protesters
A defiant Mir Hossein Mousavi, leading an opposition movement against President Mahmoud Ahmadinejad, called on his supporters on Sunday to continue protesting the outcome of the election in which the incumbent was proclaimed the landslide winner.

Business

Democrats at odds over climate bills
Lawmakers are struggling to come to a consensus over provisions of a House climate bill and a Senate energy bill, even as Obama administration officials are pressing to complete work on the legislation.

Seed demand rooted in recession
Income loss and the need for people to lower their grocery bills by growing their own spawns a phenomenon of crazy demand with seed producers reporting some shortages, especially of staples like beans, potatoes and lettuces.

GLOBE AND MAIL, Canada

Front page

Protest rally called off in Tehran
Supporters of defeated Iranian presidential candidate Mirhossein Mousavi called off a planned protest rally in Tehran on Monday after the Interior Ministry declared it would be illegal and treated as sedition.

Bomb expert killed defusing roadside IED
A military engineer was killed on Sunday as he tried to defuse two roadside bombs hidden in a rural culvert.

Business

Nova Scotia: Canada’s safe harbour
Economic catastrophes have a habit of inverting the natural order of things. Governments take over car companies. American consumers begin to save.

BMW Canada aims for top luxury spot
When Franz Jung arrived from Sweden in April to take the reins of BMW Canada Inc, he received a quick lesson in why it was crucial to distinguish between the Canadian and US markets.

BUENOS AIRES HERALD

Front page

‘We have never thought of moving forward 2011 elections’ - Randazzo
Interior Minister Florencio Randazzo came on stage today to deny the idea of the government moving forward the 2011 presidential elections to 10 March of 2010 as a direct answer to the local newspaper that published a front cover article revealing such a plan.

Hilda Molina hits Argentine soil
The Cuban neurosurgeon Hilda Molina arrived in Argentina on Sunday to visit relatives, 15 years after she broke ranks with former leader Fidel Castro over the healthcare system on the communist-ruled island.

Argentina must pursue this model of accumulation with social inclusion, says Giorgi
Production Minister Débora Giorgi stated that one of the main goals of the Argentine government is to "pursue and deepen this model of accumulation with social inclusion" and predicted that the coalition supporting President Cristina Fernández de Kirchner "will do very well" in the mid term elections of 28 June, reported to a local newspaper.

By: Staff Reporter
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