In Monday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Bankers shun 'costly' UK bailout programmes
Six months after the UK government scrambled to launch new bailout measures for Britain's foundering banks and economy, several of those efforts are languishing with few takers.

140 reported dead in China after riots
Clashes between Uighur demonstrators and police in northwest are likely to be one of the deadliest incidents of unrest in decades.

US, Russia move forward on arms
US and Russian negotiators were nearing completion of a new, nuclear-weapons treaty framework expected to be announced on Monday, in what could prove to be the main achievement of a first summit between President Barack Obama and his Russian counterpart.

Money & Investing

GM asset sale gets judge's nod
A federal judge approved the sale of GM's assets to a new government-run company, removing a key hurdle to the auto maker's plan to exit bankruptcy.

Rio to raise $1.2bn in asset sale
Bemis has agreed to acquire the US packaging business of mining company Rio Tinto for $1.2bn in cash and stock.

GM choice of plant site stirs questions
The federal government's role in GM's recovery has raised concerns about the automaker's choice of Orion, Mich. as the site for a new factory.

THE NEW YORK TIMES

Front page

Scores killed in clashes in western China
At least 140 people were killed and 816 injured when rioters clashed with police after days of rising tensions between Muslim Uighurs and Han Chinese, China’s state news agency reported.

Obama to seek new arms control deal in Moscow
The summit between President Obama and Russian leaders is aimed at reaching an agreement to cut stockpiles of nuclear warheads.

Business Day

Volatile swings in price of oil stir fears on recovery
The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.

India to boost spending to spur growth
India’s new government said on Monday it plans to hike spending to spur growth, pushing the 2009-2010 fiscal deficit to 6.8% of GDP.

WASHINGTON POST

Front page

Health bill lobbying features familiar faces
Health-care companies have hired more than 350 former government staffers and members of Congress to influence legislation, analysis shows.

Judge okays sale of GM assets
The auto company will sell the bulk of its assets, allowing it to emerge from bankruptcy protection.

Business

Familiar players in health lobbying
The health-care industry has hired more than 350 former government insiders as part of a record-breaking influence campaign, according to disclosure records.

Midyear lull: Reflecting on figures
Economy-watchers will get a chance to digest mixed signals - better economic numbers and a terrible jobs report - from the past two weeks.

GLOBE AND MAIL, Canada

Front page

Swine flu fears spur Canada to stock up on ventilators
Critical ventilators to help Canada cope with the swine flu outbreak are being ordered by the federal government amid dire warnings about the severity of this fall's flu season.

Exiled Honduran leader turned away at airport
Ousted President Manuel Zelaya was kept from landing at the main Honduras airport on Sunday because the runway was blocked by military vehicles and groups of soldiers, some of them clashing with a crowd of thousands outside.

Business

Calls grow to supplant dollar as global currency
The call to find an alternative to the US dollar as the global reserve currency is gaining momentum as France joined calls by China, India and Russia for a review of the world's currency practices.

Teed off at Glen Abbey: Feud a backdrop to Open
Golf fans are looking forward to watching the top players battle it out for the RBC Canadian Open title at the Glen Abbey Golf Club in a couple of weeks, but behind the scenes another fight is playing out – this one much more bitter.

BUENOS AIRES HERALD

Front page

Honduras military prevents Zelaya's return, violent protests leave two dead
The plane carrying ousted Honduras President Manuel Zelaya was unable to land at the Tegucigalpa airport because authorities were informed that the Honduras military had orders to impede the landing.

'We are strengthening health structures in the country,' Manzur
Health Minister Juan Manzur declared that, in order to fight the H1N1 virus, the government was "beginning to apply all measures ordered by President Cristina Fernández de Kirchner to enhance our ability to react".

‘Under democracy you can win or lose, but principles remain the same’
Former president and Deputy-elect Néstor Kirchner attended an assembly held by Carta Abierta group at Parque Lezama, and according to the founder of the Group, Ricardo Forster, Kirchner said that "under democracy you can win or lose but principles remain the same".

By: Staff Reporter
+44 20 8652 3214

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