In Tuesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Obama touts shared interests with Russia
Obama challenged Russia to rejuvenate its flagging democracy, even as he reassured the former adversary that the US is committed to a "strong, peaceful and prosperous Russia."

Han Chinese roam city with clubs, Machetes
Thousands of Han Chinese roamed the capital of Xinjiang region, armed with makeshift weapons, following ethnic riots that left scores dead and more than 1,000 injured.

UK manufacturing hits 17-year low
UK industrial production and manufacturing output shrank in May, taking both indexes to their lowest level since 1992 and highlighting the challenges still facing the UK economy.

Money & Investing

Telefónica could feel blow of Alierta verdict
A Spanish court is expected to deliver its verdict this month in the insider-trading trial of Telefónica Chairman César Alierta.

Telecoms face antitrust threat
The Justice Department has begun an initial review to determine whether large US telecom companies such as AT&T and Verizon are abusing the market power they have amassed in recent years.

Hybrid securities doomed six banks
Six family-owned banks in Illinois that collapsed on Thursday were doomed by massive holdings of trust preferred securities.

THE NEW YORK TIMES

Front page

New protests in western China after deadly clashes
Hundreds of protesters defied a government-ordered lockdown on Tuesday morning, a day after deadly clashes between Uighurs and Han Chinese.

In Speech, Obama cites common US - Russian interests
President Obama highlighted the "common interests" shared by the two countries in building a secure world, but rejected complaints about US support for missile defence and expansion of NATO into Eastern Europe.

Business Day

Too precious for a recession
In a different economy, Billy Mitchell and Nicole Drucker of San Francisco might have splurged on a $10,000 engagement ring. But Ms Drucker is out of work and they need to save for a house.

France, unlike US, is deep into stimulus projects
France plans to spend 75% of its stimulus money this year; the US is unlikely to accomplish that until late 2010.

WASHINGTON POST

Front page

Hospitals offer $155bn towards health reform
Contribution over 10 years towards cost of covering the uninsured is part of agreement between the industry, White House and Congress, sources say.

Obama reaches out to Russia
In a speech in Moscow, the President says the two countries are not "destined to be antagonists".

Business

Agency floats new speculation rules
The Commodity Futures Trading Commission will consider new measures to curb speculation and reduce the volatility of prices for energy and other commodities.

Industry takes aim at regulations
Business and trade-group lobbyists skeptical about a proposed Consumer Financial Protection Agency prepare for the first major battle over the administration's efforts to overhaul the financial regulatory system.

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.

Pipeline blasts put BC town on edge
Light was just beginning to flood the northern British Columbia sky when Lance Delaronde was roused from his bed at 3:30am on Saturday.

Business

Lessons learned, Poland weathers slump
To look across Europe today is to see an ocean of red ink and hastily spilled bailout funds, dotted with shuttered factories, abandoned construction sites, long jobless lines and toppled banks.

TV firms score victory in fight over fees
Television broadcasters have won concessions from Ottawa that will help pay for programming, in a move that escalates their long-running battle with the cable and satellite companies that carry their signals.

BUENOS AIRES HERALD

Front page

107,000 cases of influenza A confirmed in the country since May
The Argentine Federal Health Council agreed to unify criteria and protocol in order to mitigate the influenza A flu, which has killed up to 60 people thus far in the country and has infected roughly 100,000 others, according to official data.

Foreign newspapers criticise CFK’s performance in Honduras conflict
An article written by Edward Schumacher for The Washington Post criticises the Argentine President for her hypocrisy in trying to help restore democracy in Honduras while at the same time supporting the entry of Cuba, a dictatorship, to the Organisation of American States (OAS).

US, Russia agree arms cuts, Afghan transit
US President Barack Obama and Kremlin leader Dmitry Medvedev agreed outline cuts in nuclear arsenals and a deal to let US troops fly across Russia, on the first day of an Obama visit intended to mend strained relations.

By: Staff Reporter
+44 20 8652 3214

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