In Thursday's Americas papers

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

THE WALL STREET JOURNAL

Front page

G-8 climate-change agreement falls short
The G-8 agreed to reduce emissions 80% by 2050. But the world leaders failed to reach an accord on shorter-term targets for cutting greenhouse gases, underscoring the difficulty of reaching a binding climate treaty later this year.

Security forces flood into Xinjiang
A flood of security personnel established a tense calm in the capital of China’s Xinjiang territory on Wednesday, as President Hu Jintao flew home early from a summit of global leaders following days of ethnic violence in the western city.

British tabloids face scrutiny by government on privacy issues
More than 30 journalists working for News Corp’s British tabloids obtained personal information on individuals through a technique known as blagging, according to the government agency charged with enforcing Britain’s privacy laws.

Money & Investing

Army awards Afghan deals
DynCorp and Fluor won Army contracts that could be valued at $15bn over the next five years to build bases and other infrastructure for US forces in Afghanistan.

Subprime resurfaces as housing-market woe
The housing market is facing new downward pressure as holders of subprime-mortgage bonds flood the market with foreclosed homes.

Key official to exit
The head of the SEC’s examinations division is resigning as the agency undergoes a broad reshuffle in the wake of the Madoff fraud case.

THE NEW YORK TIMES

Front page

Bomb attacks in Iraq kill at least 41
Attacks in Baghdad and a city in northern Iraq killed at least 41 people and wounded dozens more on Thursday, the worst violence since Iraq celebrated the withdrawal of American troops from cities and towns last month.

Can he redefine Britain’s Tory party?
David Cameron, the man who is likely to be Britain’s next prime minister, could point the way to a new kind of conservatism at home and abroad.

Business Day

China arrests Rio Tinto employees on spy charge
Four employees of Anglo-Australian miner Rio Tinto Ltd have been arrested on charges of stealing state secrets, China’s foreign ministry said on Thursday, following their detention amid contentious iron ore price talks.

Europe is studying delays in access to generic drugs
The antitrust regulator of the European Union wants cheaper generic drugs to reach people needing them quicker.

WASHINGTON POST

Front page

Mexican army accused of torture in drug war
Human rights groups say soldiers are carrying out forced disappearances, acts of torture and illegal raids in their pursuit of drug traffickers.

Detail marks Sotomayor rulings
Supreme Court nominee’s close analysis of cases almost oversteps her role, some experts say.
Business

Treasury scales back bank aid plan
A White House programme to relieve banks of toxic securities, once touted as critical to reviving the financial system, is dialled back as officials say banks no longer need such dramatic government involvement.

SEC compliance office chief resigns
Lori Richards’ office came under scrutiny for its monitoring of Bernard Madoff’s business. The office reviewed his firm at least three times without uncovering a multi-billion-dollar fraud.

GLOBE AND MAIL, Canada

Front page

Target found in G8’s climate-change fight
Leaders of the world’s eight foremost industrialised economies have established an aggressive new marker in the battle against climate change: holding the global temperature to a two-degree-Celsius increase.

Hospitals in isotope crisis as shipment delayed in Europe
An airplane carrying a shipment of medical isotopes was delayed at a Paris airport on Wednesday, forcing the cancellation of scores of crucial medical tests in Canada and highlighting the fragility of this country’s system for detecting heart ailments and cancer.

Business

The growing cost of an ageing world
More than two centuries ago, economic theorist Thomas Malthus issued a famously grim forecast that population growth would outstrip the capacity of the world to feed itself, and that the result would be widespread famine and a sharp rise in mortality rates.

G8 mulls need for further stimulus
World leaders and many economists are acknowledging that the climb out of the Great Recession will be longer and shakier than expected, possibly requiring infusions of government cash well into next year.

BUENOS AIRES HERALD

Front page

CFK swears in new Cabinet ministers
President Cristina Fernández de Kirchner led the ceremony which swore in the new members of the National Cabinet, and she will later travel to San Miguel de Tucumán to take part in a commemorative act to celebrate the signing of the Argentina’s Declaration of Independence.

‘People voted and asked for changes’, Aníbal Fernández
Recently appointed Cabinet Chief Aníbal Fernández talked this morning after yesterday’s cabinet reshuffle saying that changes were a "presidential decision" and adding "there are many positive things already which we must reinforce and keep on working on them".

‘If Néstor Kirchner continues leading this administration nothing will change’
Deputy-elect Francisco de Narváez harshly criticised the cabinet changes announced by the government.

By: Staff Reporter
+44 20 8652 3214

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