In Thursday's Americas papers

02 July 2009 11:30 [Source: ICIS news]

Front page

US launches south Afghan offensive
The US military launched a major operation in southern Afghanistan, an early test of the Obama administration's new strategy for beating back the resurgent Taliban.

BP-led group faces challenges in Iraq
The BP-led consortium that won a bid to rehabilitate a rich Iraqi oil field faces many challenges.

Toyota builds patents around hybrid
Toyota is betting tough new fuel-efficiency standards will give an advantage to its expanding lineup of hybrid vehicles.

Money & Investing

Bond-market finance takes hold in Europe
An unprecedented rise in European companies' use of bond markets to raise money could cool in coming months.

Profit-taking pushes indexes lower
European markets opened lower, as investors booked profits and remained cautious ahead of a rate decision from the European Central Bank.

Standard Chartered names chairman
Standard Chartered named John Peace as chairman, succeeding from Mervyn Davies who left in January to take a job with the UK government.

THE NEW YORK TIMES

Front page

Showcase: Life behind glass
The photographer Michael Wolf peered deeply through the glass-clad facades of Chicago’s skyscrapers. What he found there affected his entire photographic project.

Indian Court overturns gay sex ban
In a ruling that could usher in an era of greater freedom for gays and lesbians in India, New Delhi’s highest court decriminalised homosexuality.

Business Day

Finding debt a bigger hurdle than bar exam
All his life, Robert Bowman wanted to be a lawyer. He overcame a troubled childhood, a tragic accident that nearly cost him a leg and a debilitating Jet Ski collision.

June sales at Ford fall less than GM or Chrysler
June sales figures showed another difficult month for some automakers, yet provided a hint that demand for new vehicles in the US might finally be on the upswing.

WASHINGTON POST

Front page

SEC staffer warned of Madoff as early as 2004
Investigator raised alarm about irregularities at disgraced financier's firm but was told to focus on an unrelated matter, agency documents show.

Hussein pointed to Iranian threat
Before being hanged, Iraqi president told FBI that specter of weapons allowed him to appear strong.

Business

GM says approval of restructuring is urgent
In closing arguments before a federal bankruptcy judge, attorneys for GM, and the governments of the US and Canada, which has also provided funding, urge the judge to approve the sale quickly.

Rates, fees rise ahead of new law
Credit card companies are raising interest rates and fees seven months before new rules go into effect that will limit their ability to do so, much to the irritation of Congress and consumer advocates.

GLOBE AND MAIL, Canada

Front page

Farmers start to write off year as drought parches Prairie land
When the claims adjuster finished tabulating how much of Greg Becker's sun-scorched crop was salvageable this week, the final tally did not surprise the veteran farmer: zero.

Pakistani refugees flood strangers' homes
They were sitting by the side of the road, safe, but with no idea, now that they were out of range of mortars and bullets, where to go. Their children were crying, hot, thirsty and scared.

Business

Finding the bright side of bad news
As the second half of the year kicked off on Wednesday, flush with hopes for a long-awaited recovery, investors were forced to confront some not-so-inspiring financial indicators.

Former Coalcorp executives file suit
A group of former Coalcorp Mining Inc executives has filed suit against Pala Investments Holdings Ltd the resource fund masterminded by mysterious Russian billionaire Vladimir Iorich, alleging that Pala illegally gained control of the coal producer and is now driving the miner towards financial ruin so it can buy the rest of the coal producer on the cheap.

BUENOS AIRES HERALD

Front page

Transport Secretary Ricardo Jaime resigns, Juan Pablo Schiavi will assume post
Transport Secretary Ricardo Jaime has resigned from his post after the result of last Sunday's midterm elections.

Manzur: 1000m pesos fund to be created to deal with swine flu
Juan Luis Manzur took office this afternoon as the new Health Minister of Argentina when President Cristina Fernández de Kirchner swore him into his new post.

Gioja, Capitanich called for dialogue between Peronists
San Juan Governor José Luis Gioja and Chaco Governor Jorge Capitanich both called for a "reshuffling" of the Peronist Party and for dialogue between the different sectors.

By: Staff Reporter
+44 20 8652 3214

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