In Monday's Europe papers

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

FINANCIAL TIMES

Front page

UK change of heart on banking tax plan
Gordon Brown, the British prime minister, rapidly backpedalled from his proposal for a financial transactions tax on Sunday after a chorus of criticism of his plan set out in a speech on Saturday to a meeting of global finance ministers.

Cadbury expected to receive hostile bid
The board of Cadbury, the UK food group, is preparing to meet on Monday amid expectations that Kraft will go hostile with its takeover offer.

Companies and markets

Axa Asia Pacific rejects $10bn takeover bid
Axa Asia Pacific, the Australian-listed asset manager, has rejected an A$11bn (US$10.2bn) takeover bid from Australia’s AMP, saying on Monday the cash and shares proposal undervalued its business.

Nikkei shrugs off weak US jobs data
Japan’s Nikkei stock average shrugged off weak US jobs data to rise 0.5%, with an advance in the dollar against the yen helping to pull exporters like Honda Motor out of negative territory.

INTERNATIONAL HERALD TRIBUNE

Front page

Iran said to ignore effort to salvage a nuclear deal
The Obama administration has told Iran in back-channel messages that it is willing to allow the country to send its enriched uranium to several nations for safekeeping.

Iraq passes crucial election law
After weeks of stalemate, lawmakers approved a law to administer a critical election that could determine how quickly US combat forces leave.

Marketplace

As downturn eases, India’s leader forecasts growth
Prime Minister Manmohan Singh pledged on Sunday to spend more on health care and education and make it easier for foreign investors to take part in India’s $1.2 trillion economy.

Confusion on where money lent via Kiva goes
Kiva’s home page once promoted lending “to a specific entrepreneur”, but the fine print shows that members’ $25 checks go to microfinance organisations, not individuals.

THE MOSCOW TIMES

Front page

RusAl accused of ‘terror’ campaign
Vedomosti says RusAl and its lawyers are bombarding its reporters with threatening phone calls and e-mails after a 26 October article.

Policeman makes YouTube appeal to Putin
Alexei Dymovsky, a police major in the Krasnodar region city of Novorossiisk, said on Sunday on Ekho Moskvy radio that he fears for his life and his family after his video addresses to the prime minister became an internet sensation over the weekend.

Business

Naftogaz makes ‘difficult’ payment
A Gazprom spokesman declined to comment on whether the payment had been received, saying only that the money was expected by Monday.

$100bn in financing seen by 2011
Companies will probably seek to sell about $55bn in equity offerings, and the government may offer up to $20bn of foreign-currency debt.

HURRIYET DAILY NEWS

Front page

Dutch singer wants to rock out 'In Your Room'
In the lead-up to a pair of shows in Turkey with Danny Cavanagh, Dutch alt-rock frontwoman Anneke van Giersbergen chats about her musical past and present.

New design visions for Istanbul neighbourhoods
Five young architectural teams announce their visions for transforming different Istanbul neighbourhoods.

Business and finance

Greek Cyprus opens new airport to attract tourism, trade
Greek Cyprus opened an ultra-modern airport on Saturday that it hopes will boost flagging tourism and heighten prospects of it becoming a regional transport hub.

UniCredit to supply $30bn for energy, infrastructure
Energy, transportation and infrastructure projects in Turkey are being supported with $30bn from UniCredit, the Italian financial giant.

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