In Friday's Europe papers

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

FINANCIAL TIMES

Front page

Regions angered by EU budget proposals
The European Commission is pressing for a “root-and-branch reform” of the European Union’s €140bn-a-year budget in a proposal that is stirring outrage among Europe’s regions, which risk losing their grip on vast sums of financial aid.

Bank tries ‘last heave’ with £25bn boost
The Bank of England will pump another £25bn into the economy, which remained mired in recession in the third quarter, in what was described as “one last heave” to propel growth.

Companies & Markets

FBI makes more arrests in Galleon case
US authorities have charged 14 more people in the investigation into insider trading at Galleon, the hedge fund founded by Raj Rajaratnam.

Overview: Central bank meetings bolster equities
Indices regained their upward momentum on both sides of the Atlantic as investors digested the implications of this week’s round of central bank policy meetings.

INTERNATIONAL HERALD TRIBUNE

Front page

Shootings kill 12 and wound 31 at army post in Texas
Military officials identified the suspect in the shootings as Maj Nidal Malik Hasan, a psychiatrist born in Virginia who reportedly was about to deploy overseas.

Palestinian president says he would not seek re-election
Mahmoud Abbas, who is considered a moderate, pro-Western leader, has threatened in the past to resign.

Marketplace

Stimulus to expand from Bank of England
While Britain struggles to start a recovery, the European Central Bank hints that it will soon be ready to withdraw some economic support.

Shares gain in Asia on US economic hopes
Japanese exporters like Canon and Toyota gain after the Dow closes above 10,000 for the first time in two weeks.

THE MOSCOW TIMES

Front page

Justice ministry pushes US on extradition rules
Moscow and Washington agreed in 2007 to draft an agreement on the extradition of crime suspects, but further progress on the proposed deal is still pending.

Court confirms two held in Markelov’s killing
The Basmanny District Court was expected on Thursday to rule on extending the detention of the two suspects in the killing of Markelov and journalist Anastasia Baburova.

Business

Putin lashes out at GM on Opel Sale
Russia had been hoping that closer ties with Opel would help reinvigorate its own flailing car industry, which currently requires huge levels of state support just to maintain operations.

Russia pitches debt in London
Finance Minister Kudrin meets with investors about a proposed $17.8bn bond placement, but participants say more details are needed.

DER SPIEGEL

Front page

Who says saving the planet has to cost a fortune?
One of the nagging issues in the run-up to the Copenhagen climate summit are demands that the US and Europe provide massive aid so poorer countries can buy expensive emissions-free technologies.

High-Tech companies face shortages as China hoards metals
Germany is pinning its economic hopes on future-oriented industries such as solar panel manufacturing.

HURRIYET DAILY NEWS

Front page

Handmade shirt brand eyes expansion
As textile seeks an exit from the crisis, some brands see opportunities. “We are trying to give the best service to our clients,” says Ergin Turanli, the founder of La Misura.

Zere not released despite forensic report
Kahramanmaraş’s prosecutor has rejected appeals to grant prisoner Guler Zere a reprieve despite a forensic medical report saying her cancer case was chronic.

Business and finance

Executives eye competition and innovation
The number of CEOs who think the global economic crisis is over is rising, according to a recent survey by the Turkish business magazine Capital.

Renewable energy industry calls for legislation update
Turkey must amend the renewable energy law regarding the feed-in tariff incentives will be passed soon, say energy experts.

WARSAW BUSINESS JOURNAL

Front page

Minister Sikorski wants more reassurances from the US and NATO
Polish Foreign Minister Radosław Sikorski has said Central Europe needs “strategic reassurance” from Washington, and that NATO forces should be deployed in the region to highlight its importance to the alliance.

Warsaw-listed CEDC satisfied with Q3 result, but revenues shrink 14%
CEDC, a NASDAQ and WSE listed producer and distributor of alcohols, announced that its net sales revenues amounted to $390.1m in third quarter against $452.4m in the corresponding period of last year, which marks a 14% drop.

By: Staff Reporter
+44 20 8652 3214

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