In Wednesday's Europe papers

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

FINANCIAL TIMES

Front page

Race to be EU president heats up
The race to become the first president of the European Union intensified on Tuesday, when Jean-Claude Juncker, Luxembourg’s veteran prime minister, put himself forward as a potential rival to Tony Blair, the former British premier.

Draft law would extend Fed powers
The Federal Reserve could order a financial institution to sell a risky division or stop dangerous trading activity if the central bank determined there was a threat to the US financial system, under a draft law released on Tuesday.

Companies and markets

IBM plans to boost buy-backs by $5bn
IBM signalled its growing confidence in an early rebound for the technology sector as it revved up its share buy-back plans on Tuesday with the commitment of an extra $5bn.

Overview: Disappointing US data offset gains in energy
Global equity markets put in uncertain performances on Tuesday as strong gains for energy stocks were offset by disappointing US economic data.

INTERNATIONAL HERALD TRIBUNE

Front page

Brother of Afghan leader is said to be on CIA payroll
Ahmed Wali Karzai, the brother of President Hamid Karzai and a suspected player in the opium trade, has received payments from the CIA for eight years, American officials said.

Three UN workers killed in fighting in Afghan capital
Afghan police responded to a militant raid on a guest house used by United Nations workers on Wednesday morning, a spokesman said.

Marketplace

Could Chrysler interest you in a fiat?
Next week, Fiat will unveil its new product line for Chrysler.

US consumer data drags on Asian stock markets
Asian stock markets slipped on Wednesday, with technology shares in Japan dropping after weaker-than-expected US consumer confidence data.

THE MOSCOW TIMES

Front page

Riot police raid dam disaster site
RusHydro, the state-controlled owner of the plant, said the surprise raid halted all activities there, snarling repair work and efforts to prepare the plant for the winter.

Russia, Georgia spar over press freedom post
The countries each nominate Moscow-based candidates for the Organization for Security and Cooperation in Europe position.

Business

Antitrust watchdog fines Rosneft $180m
The service found the firms in violation of the law in July, accusing them of deliberately driving up wholesale prices for gasoline and other oil products in the first half of 2009.

X5 gets approval for Paterson buy
The country’s largest grocer by revenue, applied for regulatory approval to buy an unspecified stake in Paterson this month, delivering on expectations of growth via acquisitions in the crisis-hit sector.

DER SPIEGEL

Front page

Will national interests derail Europe’s fresh start?
With the Libson Treaty approaching ratification, the EU needs dynamic and clever people to fill the roles of Council president and foreign minister.

Germany’s anti-Nazi cleaning lady
A Berlin woman is waging a lone campaign against neo-Nazi graffiti, armed with a scraper and nail-varnish remover.

HURRIYET DAILY NEWS

Front page

Blind Turkish artist paints new Volvo S60
Blind Turkish artist Esref Armagan is the first non-employee to be invited to Volvo Cars in Sweden to see the still-secret design of the new Volvo S60.

Military launches inquiry of anti-government plan
In a written statement, the General Staff announces it has launched an inquiry into recent reports about an original copy of alleged anti-government military plans.

Business and finance

Turkey’s central bank lowers inflation forecast
The Turkish Central Bank lowered its forecast for inflation at the end of the year to 5.5% from a previous 5.9%.

Turkish companies find Russia, Germany most attractive
Turkish companies consider Russia and Germany the most attractive international markets to invest in, according to a new study.

WARSAW BUSINESS JOURNAL

Front page

Poland-Russia gas deal still in negotiations
Negotiations regarding the Polish-Russian gas supply may still drag on, despite progress being made at a meeting held on Monday in Moscow, a source close to the negotiations has said.

Government will not dip into pension fund to aid Polish state budget
Poland’s Labour Ministry has denied a report that it was considering using money allocated for pensions to finance the 2010 budget deficit, the ministry’s spokeswoman, Bozena Diaby has said.

By: Staff Reporter
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