In Thursday's Europe papers

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

FINANCIAL TIMES

Front page

China growth underlines rapid rebound
Economy expands by 8.9% in third quarter.

Medvedev seeks to curb state companies
Many should ‘simply disappear’, president says.

Companies and markets

KNOC agrees to buy Canadian oil group for $3.9bn
State-run Korea National Oil Corp said it agreed to buy Canada’s Harvest Energy Trust for $3.9bn to secure energy supplies as it competes with other resource-hungry Asian countries for overseas assets.

MySpace abandons race with Facebook
Website will play to strength in music.

INTERNATIONAL HERALD TRIBUNE

Front page

Pope’s offer raises idea of marriage for catholic priests
The invitation to join the Catholic Church extends to married Anglican clergy, leading some to wonder whether the move could liberalise the church on a crucial issue: celibacy.

US to order steep pay cuts at firms that got most aid
The seven companies that received the biggest bailouts are expected to cut the salaries of their 25 best-paid executives by an average of about 90% from last year.

Marketplace

China’s economy expands by 8.9%
The third-quarter growth was attributed to lavish stimulus spending and a resulting boom in construction, share prices and consumer spending.

Japan’s exports fall for third month
Japan’s exports edged lower for the third consecutive month in September as a rising yen weighed on overseas shipments.

THE MOSCOW TIMES

Front page

Clock ticking on state corporations
Medvedev also urged business leaders to help the Kremlin fight graft and called for the imprisonment of court intermediaries, whom he described as “the highest form of corruption”.

Klepach says rouble may hit 23 next year
But the comments from the Economic Development Ministry’s top forecaster are more of a warning than a prediction.

Business

Duma okays budget, vents rage at Kudrin
The Duma passed the budget in a first reading with 315 votes, the exact number of United Russia deputies, after the three other Duma factions said they would not support the Cabinet's spending plan.

Firms can list GDRs without local offer
The service is currently preparing the required amendments to allow full share listings abroad.

DER SPIEGEL

Front page

Nightclubs, corruption and Iraq's new normalcy
Life is returning to the streets of Iraq as improved security has meant theatre openings, packed restaurants and an emerging middle class.

Journalist goes undercover to discover life as a black man in Germany
Günter Wallraff is Germany's most famous investigative journalist. He has made a name for himself by going undercover to reveal the hidden side of many social issues.  

HURRIYET DAILY NEWS

Front page

Mothers must play key role in education
According to a former US secretary of state, violence practised in the home has extreme destructive consequences that may even contribute to terrorist acts.

Firm publishes manga version of 'Das Kapital'
A Turkish publication house released a 'manga' version of Karl Marx's 'Das Kapital' on 16 October.

Business and finance

Israeli tourist arrivals come to a halt
The political tension between Turkey and Israel has already had implications for the tourism sector.

Turkey may not require IMF loan
Turkey may not need loans from the International Monetary Fund to help strengthen its economy, Finance Minister Mehmet Simsek says.

WARSAW BUSINESS JOURNAL

Front page

Poland abandons privatization goal, delays WSE sale deadline
There is no chance that Poland will meet a goal to gather zl12bn from privatisations by the end of the year.

Polish Treasury to restart Enea sale?
Poland is debating whether to restart the sale of its stake in energy firm Enea by the end of 2009, treasury ministry spokesperson Maciej Wewior told Dow Jones Newswires.

By: Staff Reporter
+44 20 8652 3214

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