In Wednesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Oil speculators under fire
Policy makers launched an effort to crack down on what they called speculation in oil markets.

Hu leaves G8 meeting
Hu Jintao flew home from Italy, where he was scheduled to attend the G8 meeting. His departure underlined the challenge Xinjiang violence presents to China's leadership.

UK report chides police on protests
A UK government watchdog said London's Metropolitan Police made mistakes in handling April's Group of 20 summit protests here - during which one person died - and called on the force to review its tactics.

Money & Investing

Google to launch PC operating system
Google is preparing to launch an operating system for personal computers, a direct assault on the turf of software giant Microsoft, which has long dominated the market for software that runs PC applications.

Affirmative action spurs Asian debate
Malaysia's race-based system of quotas and government ownership of key businesses are threatening to hamper the country's growth, economists say.

Alcoa reckons to ride a recovery
US aluminum giant Alcoa is positioning itself for an eventual economic rebound by investing in markets it thinks are ripest for recovery.

THE NEW YORK TIMES

Front page

Health deals could harbour hidden costs
As the White House trumpets big agreements, what the industry groups will be getting in return is rarely discussed.

Tracking faraway action from Iraqi base
As US soldiers in Iraq withdraw into their bases, their comrades in Afghanistan are running more missions.

Business Day

US considers curbs on speculative trading of oil
Reacting to the violent swings in oil prices in recent months, federal regulators announced on Tuesday that they were considering new restrictions on "speculative" traders in markets for oil, natural gas and other energy products.

Cyber attacks cripple web sites
An army of "zombie computers" infected by a hackers’ program paralysed major government, bank and newspaper Web sites in South Korea in cyber attacks that officials here said on Wednesday were apparently linked to similar attacks in the United States.

WASHINGTON POST

Front page

Unrest spreads in China; president skips summit
Continuing clashes underscore extent of mistrust between Uighurs and Han Chinese; Hu's exit from G8 meeting signals government's concern.

Aftershocks shake G8 location
Italian town rebuilding from earthquake is set to host economic summit, but decision frays nerves.

Business

Power of stimulus slow to take hold
As the jobless rate still climbs, the White House scrambles to reassure an anxious public that President Obama's prescription for economic recovery is on the right track.

Treasury works on 'Plan C'
The Treasury Department has identified several trouble spots that could threaten the still-fragile lending industry.

GLOBE AND MAIL, Canada

Front page

Second wave of financial crisis coming, Brown warns
British Prime Minister Gordon Brown warned in an interview on the eve of today's G8 summit that the world is now facing a "second wakeup call" – a crisis of growth and employment as severe as the credit crisis of the past year.

A private life, a public goodbye
When Michael Jackson's body arrived in a hand-carved, 14-karat gold-plated casket, the Staples Centre became a church.

Business

Global leaders put focus on free trade
For the first time since the onset of the financial crisis, there's reason to feel optimistic about world trade.

Downturn brings new bargaining tactic: Do nothing
Wage freezes for government employees. Pay cuts for auto workers. Municipal workers on the picket line.

BUENOS AIRES HERALD

Front page

Amado Boudou new Economy Minister, Aníbal Fernández is the Cabinet Chief
Minister Carlos Fernández this afternoon submitted his resignation to President Cristina Fernández de Kirchner, amid a Cabinet reshuffle after congressional elections.

H1N1: leave for banks and stocks declared for Friday, Supreme Court extends winter recess
In the midst of a health emergency due to the influenza A, the Argentine government has declared administrative leave for this upcoming Friday in an attempt to control the spread of the virus.

Zelaya says to meet coup backers on Thursday
Ousted Honduran President Manuel Zelaya accepted a US-backed effort by Costa Rican President Oscar Arias to mediate an end to the political crisis in Honduras and said talks with his rivals would begin on Thursday.

By: Staff Reporter
+44 20 8652 3214

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