In Wednesday's Europe papers

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

Front page

GM pulls out of Opel sale
GM has abandoned its planned sale of Opel to Canada’s Magna and Russia’s Sberbank.

UK to inject £37bn into Lloyds and RBS
The UK government on Tuesday doubled its bet on bailing out Britain’s two part-nationalised banks – Royal Bank of Scotland and Lloyds Banking Group – adding up to £37bn of new money to the same sum it first injected a year ago.

Companies and markets

Buffett bets $26bn on US
Warren Buffett on Tuesday struck the biggest deal of his life with the $26.6bn purchase of Burlington Northern Santa Fe, one of the largest US railroad operators, in what the billionaire investor called an “all-in wager” on America’s economic future.

Overview: Gold hits fresh record as risk aversion escalates
Gold hit a fresh record high on Tuesday even as the dollar rose strongly and equities fluctuated, amid a sharp intensification of risk aversion.

INTERNATIONAL HERALD TRIBUNE

Front page

GM decides to keep Opel, its European unit
General Motors reversed course on the anticipated sale of its European unit Opel, deciding to restructure the business itself.

Chrysler, lagging rivals, to unveil recovery plan
The signature of the Czech president, Vaclav Klaus, has ensured that the treaty to streamline decision-making for the European Union will become law.

Marketplace

China approves Disney theme park in Shanghai
A resort, one of the largest-ever foreign investments in China, would cover 1,000 acres and cost $3.5bn.

Buffett bets big on railroads’ future
In buying Burlington Northern Santa Fe, Warren Buffett is hoping that the demand for shipping by train will remain strong or even grow.

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 non-proliferation 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 aluminium to Chinese state conglomerate Norinco over seven years.

DER SPIEGEL

Front page

Merkel’s dream of a place in the history books
Angela Merkel may just have been re-elected as German chancellor, but she is already thinking about how she will be viewed by future historians.

Karzai’s fraudulent victory will plague Obama
With the withdrawal of his sole challenger, Hamid Karzai has now won a second term as president of Afghanistan.

HURRIYET DAILY NEWS

Front page

Smoking ban driving restaurateurs to drink
Coffeehouse owners are trying to obtain permits to serve food and alcohol in an attempt to recuperate losses they say they have incurred due to the smoking ban.

Ski centres hold significant potential
Ski centres offer significant investment potential in terms of sports, tourism and employment, a Turkish state minister has said.

Business and finance

EU forecasts 5.8% contraction for Turkey
Turkey’s gross domestic product will contract by 5.8% this year, according to the European Commission’s economic forecast for the autumn period.

Electricity consumption likely to rise in 2010
This year's data marks the second-largest annual decline in electricity demand in the past 30 years, but the situation is expected to improve in the new year.

WARSAW BUSINESS JOURNAL

Front page

Czech president signs Lisbon Treaty
The Czech Republic’s president, Vaclav Klaus, has signed the Lisbon Treaty, shortly after a legal challenge to it was thrown out by the Czech courts.

PGE IPO set for Friday on the Warsaw Stock Exchange
PGE, Poland’s leading energy group, is to debut on the WSE on Friday, 6 November, in what will be Europe's biggest IPO of 2009, Treasury Minister Aleksander Grad said on Tuesday.

By: Staff Reporter
+44 20 8652 3214

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 18 January 2010)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly