In Tuesday's Americas papers

13 October 2009 11:30  [Source: ICIS news]

THE WALL STREET JOURNAL

Front page

Sterling takes beating
While currency experts focus on the plight of the dollar, it is clear the outlook for the British pound could be just as bad, if not worse.

Swiss neutrality is under pressure
Switzerland’s ability to stand above the fray of global politics is under pressure following several dustups in which critics say it conceded too much to others.

Cost cuts lift profits but vex US economy
US stocks notched new 52-week highs, thanks to corporate America showing better-than-expected profits.

Money & Investing

Dutch central bank takes control of DSB
The Netherlands’ central bank took control of DSB Bank after talks with a consortium of Dutch banks failed to agree to a support plan following recent heavy deposit withdrawals.

BofA to hand over Merrill documents
Bank of America agreed to hand over documents that detail the legal advice it received during its purchase of Merrill.

Ghana divided on oil field partner
As Exxon and Cnooc vie for a stake in an oil discovery off of Ghana, the government is balancing Exxon’s expertise against the likelihood of loans from Beijing.

THE NEW YORK TIMES

Front page

Eastern Europe fears new era of Russian dominance
With a new pipeline planned along the bed of the Baltic Sea, the Russian natural gas giant Gazprom is driving a wedge between Eastern and Western Europe.

Iranian journalists flee, fearing retribution for covering protests
Dozens of reporters, photographers and bloggers have either fled Iran or are trying to flee in the aftermath of the disputed June presidential election.

Business Day

As Asia’s emerging economies bound ahead, auction houses shift focus
Asia’s role in the market for super high-end luxury goods is mushrooming, reflecting an underlying shift in consumer spending power.

Tax evaders face choice: Pay or pray
On 15 October, people with money in overseas banks must confess to the Internal Revenue Service and pay penalties or hope they will not be caught.

WASHINGTON POST

Front page

Support troops swelling US force in Afghanistan
President Obama announced in March that he would be sending 21,000 additional troops to Afghanistan.

In Pakistan, a deadly resurgence
At summer’s end, there were hints of optimism in the battle against Pakistan’s Islamist insurgents. The military said it had routed the Taliban from the verdant Swat Valley.

Business

No new updates

GLOBE AND MAIL, Canada

Front page

Younger women hard hit by H1N1 virus, study suggests
More than two-thirds of those who have fallen critically ill and died of H1N1 influenza in Canada are younger women, according to a startling new study that underscores that while the pandemic flu is mild overall, in selective cases it is brutal and lethal.

Seniors’ safety: Where is the political will?
Peter Crawshaw’s mother, Elizabeth, does not remember the fire last January at the Muskoka Heights Retirement Home in Orillia that took the lives of four fellow residents and nearly killed her, too.

Business

Opel’s woes accelerating sale to Magna
Magna International is expected to become Opel’s owner this week, a month earlier than expected, in spite of fierce resistance from Spain and Britain to the auto maker’s German bailout package.

Tims breaks into Fort Knox
It’s home to 147.3m ounces of gold and once stored the Magna Carta, the United States Constitution and three volumes of the Gutenberg Bible.

BUENOS AIRES HERALD

Front page

Interamerican Press Society laments situation caused by Media Bill launch
The Interamerican Press Society (SIP), which includes representatives from different journalistic organisations, spoke about the controversial and polemic climate caused by the launch of the new Media Bill in Argentina.

Ephedrine case reaches Rosario city: 30 raids, eight arrests
Thirty raids, in which eight people were arrested, took place in Rosario city this morning due to the ephedrine case.

Agriculture Minister announces $18.5m subsidies to dairy farmers
Julián Domínguez announced that farmers who produce less than 12,000 litres of milk a day will receive a subsidy of 20 cents per litre for the first 3000 litres produced.

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