In Tuesday's Europe papers

03 November 2009 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

Australia raises rates to 3.5%
Reserve Bank of Australia says economy resumes growth.

Stronger signs of global recovery
Manufacturing output rises across the world.

Companies and markets

Ford posts $1bn quarterly profit
Ford Motor offered a rare ray of hope for a car industry in the doldrums by reporting that it had made a $1bn profit in the third quarter.

Overview: Risky assets respond to positive data
Fresh signs of recovery in the global economy paved the way for a strong rebound in risky assets as the markets limbered up for a series of central bank policy meetings.

INTERNATIONAL HERALD TRIBUNE

Front page

Obama warns Karzai to focus on tackling corruption
President Hamid Karzai of Afghanistan, now assured of a new term, was urged by President Obama "to write a new chapter" in his government’s legitimacy.

Iran’s politics stand in way of nuclear deal
Iran’s equivocating may be as much a product of its smoldering political crisis as it is a negotiating tactic, experts said.

Business

Australia raises rates for second straight month
Australia’s central bank again raised its benchmark interest rate as widely expected, amid mounting evidence that the Australian economy is rapidly picking up speed.

Asian stock markets slip
Asian shares edged down on Tuesday despite stronger US manufacturing data as caution set in before the start of US Federal Reserve’s two-day interest rate meeting.

THE MOSCOW TIMES

Front page

Red tape swells despite Kremlin vow
For being just a small strip of gray paper, a foreigner’s registration can become quite a bureaucratic nightmare — especially when you lose it.

Miliband builds ties but differences remain
Moscow and London agreed on Monday on international issues like nuclear nonproliferation and Afghanistan, but neither side budged an inch on problems that have poisoned relations for the past three years.

Business

Bank lending falls as rouble firms up
Bank lending fell off in September, driven mostly by the sharp appreciation of the rouble, while overdue corporate loans fell for the first time in recent months, Central Bank data showed on Monday.

RusAl lands deal with Norinco
United Company RusAl has struck a contract to sell 1.68m tons of aluminum to Chinese state conglomerate Norinco over seven years.

DER SPIEGEL

Front page

How Israel destroyed Syria’s Al Kibar nuclear reactor
In September 2007, Israeli fighter jets destroyed a mysterious complex in the Syrian desert.

‘I am optimistic’
In a SPIEGEL interview, former US vice president and Nobel Peace Prize winner Al Gore, 61, discusses Barack Obama's environmental policies, the endless push by lobbyists to derail reforms and his hopes for a global deal at the climate change summit in Copenhagen next month.

HURRIYET DAILY NEWS

Front page

'October Road' taken by gov't isn't perfect
Though October was a positive month for Turkey's foreign policy efforts, experts say that one cannot term the results as excellent.

AKP votes in decline, survey says
Results of a survey conclude the governing party is losing the support of the electorate, while experts say the economic downturn and the government’s move to solve the Kurdish issue have impacted the decline. Experts also cautioned that the results should be analySed carefully.

Business

Coca-Cola CEO predicts shift in global economy
The driver of the global economy will shift from the West to East, according to Muhtar Kent, the chief executive officer of Coca-Cola.

Eczacıbaşı wins PR Oscar
Eczacıbaşı, one of Turkey's leaders in healthcare and consumer products industry, received the "Golden World Award," which was distributed by the International Public Relations Association, the company has said.

WARSAW BUSINESS JOURNAL

Front page

Polish shipyard contemplating strategy change
Szczecin city council may take over the New Szczecin Shipyard (SSN) and then press for it to be incorporated into a special economic zone (SEZ).

Real 'price' of Gazprom gas contract remains secret
Russian Gazprom has declared it will sell Poland more natural gas – a decision for which Polish Oil and Gas (PGNiG) has been awaiting for since spring.


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By: Staff Reporter
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