In Thursday's Europe papers

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

FINANCIAL TIMES

Front page

Lazard chief Wasserstein dies at 61
Bruce Wasserstein, the head of the Lazard investment bank and "the father of modern M&A", died on Wednesday after a career that put him at the centre of global deal-making from the go-go days of the 1980s to the current Kraft bid for Cadbury.

Lloyds rights issue faces hurdle
The government will not underwrite Lloyds Banking Group’s planned rights issue, potentially compounding the challenge for the partly state-owned bank to raise enough capital to wriggle free of the toxic asset insurance programme.

Companies and markets

No new updates

INTERNATIONAL HERALD TRIBUNE

Front page

Some see Iran as ready for nuclear deal
Analysts say Iran’s leaders may have what they want: the apparent ability to make a weapon, and attention.

Capturing the benefits of catching escaping methane
Leaks from natural gas pipes and tanks are large contributors to climate change. Yet many solutions pay for themselves.

Marketplace

In Hong Kong, a $56.6m apartment
A developer announced the record sale just hours after Hong Kong’s chief executive warned that the city might be facing a real estate bubble.

Dow, for first time in year, breaks 10,000
The Dow Jones industrial average, one of the most-watched markers of the financial world, closed above 10,000 points in a milestone of recovery.

THE MOSCOW TIMES

Front page

Three factions boycott Duma over vote
The deputies with the Communist, Liberal Democratic and Just Russia parties demanded a meeting with President Dmitry Medvedev, who had endorsed the election results on Monday.

Luzhkov takes snow fight to the sky
Airborne snowfall prevention will save the city about 300m roubles ($10.2m) this winter, said Andrei Tsybin, head of City Hall's department for public works and utilities.

Business

Gazprom Neft eyes Dutch technology
Salym is 50-50 owned by Royal Dutch Shell and Sibir Energy, the company that Gazprom Neft majority owns after a series of deals earlier this year.

Anti-monopoly service takes longer look at four dairy firms
Prime Minister Vladimir Putin ordered the government this month to consider helping dairies get better prices for their products after a local farmer complained about "milk cartels".

DER SPIEGEL

Front page

How blunt can one be about integration?
Bluntness and bitterness have long been elements of integration debates in Germany. But emotion often obscures an important question: Why do many ethnic groups integrate well into German society while others do not?

East German jokes collected by West German spies
Did East Germans originate from apes? Impossible. Apes could never have survived on just two bananas a year.

HURRIYET DAILY NEWS

Front page

Government fight against Dogan threatens media freedom in Turkey, EU warns
The European Union assailed Turkey on Wednesday regarding press freedom; specifically saying the tax fine again Dogan Media is worrisome.

Bagis welcomes EC report and urges opposition to contribute more
Egemen Bagis, Turkey’s main EU accession negotiator, said he was pleased with the 2009 Progress Report. He also urged opposition to help more with reforms.

Business and finance

Wolf warns on economic discipline
Martin Wolf of the Financial Times says Turkey does not need an IMF deal normally, but the present times cannot be described as normal.

Fishermen in Alanya proud to be a part of the Nobel prize
Fishermen in Alanya are sharing in the Nobel success of Elinor Ostrom, who featured their lot-rotational fishing system in her prize-winning work.

WARSAW BUSINESS JOURNAL

Front page

Half a million left without power in Mazowieckie
Following heavy snowfall on Wednesday, there were major blackouts in Warsaw and the whole of the Mazowieckie voivodship.

No Euro for Poland until 2014 at the earliest
Poland will not adopt the common European currency before 2014, according to Halina Wasilewska-Trenkner, a member of the National Bank of Poland’s Monetary Policy Council.

By: Staff Reporter
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