In Monday's Europe papers

12 October 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

UK corporate exiles face years of tax scrutiny
UK companies seeking to minimise tax bills by locating abroad would face years of scrutiny to ensure senior management decisions have genuinely relocated, a senior official at HM Revenue & Customs has said.

Climate body calls for energy U-turn
Liberalisation of the UK’s energy market should be reversed, with ministers taking more control of decisions such as building new renewable energy generation, the government’s Committee on Climate Change will say on Monday.

Companies and markets

Barclays to sell £4bn assets
Barclays is planning to spin off a £4bn portfolio of complex credit assets as the bank presses ahead with a process to clean up its balance sheet and ease shareholder concerns over its investments.

Citi fined amid tax crackdown
Citigroup is to be fined over derivatives transactions that were partly designed to help foreign clients avoid taxes on dividends in a move that could herald a wider crackdown against Wall Street banks that used similar strategies.

INTERNATIONAL HERALD TRIBUNE

Front page

Pakistani police had warned Army about a raid
Officials said the militant who survived an assault on Saturday was behind two other major attacks and the police had warned the Pakistani military that a raid was being planned.

In Indian politics, asking mom for help can backfire
Political dynasties, large and small, have proliferated so rapidly that many analysts believe nepotism is corroding the democratic system.

Marketplace

Singapore’s economy grows for second straight quarter
Gross domestic product grew at an annualised rate of 14.9% in the third quarter, the Trade and Industry Ministry said on Monday.

Closing the deal at the virtual checkout counter
Online stores are getting smarter about getting people to buy the things they toss in the shopping cart, but later abandon.

THE MOSCOW TIMES

Front page

Chinese gas deal readied for Putin
Russian and Chinese officials forged “road maps” for cooperation in the gas sector during talks in Beijing on Sunday, and Gazprom and CNPC will sign the agreement on deliveries during Prime Minister Vladimir Putin’s visit, which starts on Monday.

Ballot box rejects Medvedev’s vote
The president, wearing a shiny black leather coat, tried several times to get the electronic box to accept his ballot at a polling station in western Moscow as part of mayoral, regional and district elections that were held on Sunday in 76 of the country’s 83 regions.

Business

Sollers car plant to open in December
The Vladivostok project, which received state backing in the summer, will be completed about a year after the federal government hiked import duties on used cars.

Dollar buys slow rouble’s weekly rise
The rouble’s rapid gains are unpleasant surprise for the government, which is relying heavily on hard currency revenues from exports and will see the budget deficit falling only slightly to 6.8% next year.

HURRIYET DAILY NEWS

Front page

US Armenians lament signing of protocols
The largest and most radical US Armenian group protests the signing of diplomatic protocols calling for the normalisation of ties between Ankara and Yerevan.

Silencing media a human rights violation, says Turk rights czar
Governments must do everything in their power to protect the freedom of expression and human rights, says Zafer Uskul, Turkey's human rights czar.

Business and finance

IMF official foresees prolonged recovery in eastern Europe
Emerging markets are suffering from weaknesses among leading banks in highly developed countries, says IMF director Lorenzo Giorgianni.

From fairy chimneys to global markets
Kocabag, a Turkish wine company that produces in the tuff cellars in the Yesilyurt village of Nevsehir, is opening up to the world.

 

By: Staff Reporter
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