In Tuesday's Americas papers

10 November 2009 11:30  [Source: ICIS news]


Front page

Impairment charges hurt Barclays results
Barclays, one of the few British banks not to resort to a multibillion government bailout, posted a 54% fall in third-quarter net profit as impairment charges rose sharply.

Berlin remembers night wall fell
International leaders took to the streets of Germany’s capital city alongside Cold War veterans, Berliners and tourists to honour the 20th anniversary of the fall of the Berlin Wall.

Tory defence chief seeks UK security overhaul
A Conservative Party government in the UK would seek to speed up a transformation of the North Atlantic Treaty Organisation, encourage a harder Western line against Russia and Iran and reach out to Turkey, the party’s top defence official said in an interview.

Money & Investing

EU objects to Sun-Oracle deal
The EU issued a statement of objections on Oracle’s proposed $7.4bn acquisition of Sun Microsystems, due to concerns the merger would hurt competition in the database market.

Bills would set limits on big firms
Democrats are advancing proposals in Congress designed to limit the size and complexity of financial companies so that any collapse wouldn’t damage the broader economy.

Lone star cuts fees to seed new funds
John Grayken, head of real-estate private-equity giant Lone Star Funds, is doing what once would have seemed outlandish: Cutting some of his fees by more than 50%.


Front page

Korean Navies trade fire in first incident in seven years
Fighting erupted when a North Korean navy boat ventured across the so-called Northern Limit Line, according to a report.

Beckham has more than celebrity now
In his third season in Major League Soccer, David Beckham has earned a spot in the playoffs and the respect (sometimes grudging) of fans.

Business Day

Power for US from Russia’s old nuclear weapons
Fuel from dismantled nuclear bombs, including Russian ones, generates about 10% of America’s electricity.

Burberry looks online for ways to gain customers
Burberry’s new social networking site reflects a broader move by luxury goods companies to embrace the Internet, hoping to attract a new generation of shoppers.


Front page

Ft Hood suspect warned of threats within ranks
In Walter Reed lecture, psychiatrist urged Muslim soldiers be released as conscientious objectors instead of fighting in wars against other Muslims.

Detecting glimpses of humanity
John Allen Muhammad’s attorneys condemn his crimes, but won’t let him die alone on Tuesday night.


A world of hurt in one corner of North Carolina
In Hickory, NC, the textile mills have closed, the furniture factories are dwindling and even the fibre optic plants, once celebrated for their newfangled prospects, are laying people off.

Wall Street surges to new high for ‘09
Wall Street reached a new high for the year on Monday, surging after world finance leaders pledged to keep fiscal stimulus efforts in place until an economic recovery has been assured.


Front page

Tories take two in by-elections
Stephen Harper’s Conservatives pulled off an amazing political upset in federal by-elections on Monday night, stealing a rural Quebec stronghold seat from the Bloc Quebecois.

Hapless immigrant or terrorist threat?
He arrived at the Canadian border last month with plans to move to Canada permanently. But when guards at the Douglas crossing near Vancouver searched Khaled Nawaya’'s car, they found nearly 1m dollars in Canadian mint gold coins and paper currency.


US dollar sags on global financial leaders’ omission
Global traders pushed the US dollar to new lows in a bet that leaders of the world’s major economies are unlikely to take steps to stem the currency’s long slide.

Saskatchewan oil play gains momentum
Forget the oil sands: Arguably the hottest chunk of oil real estate this year sits in the pasture and wheat fields of southern Saskatchewan.


Front page

CFK warns against situations being ‘blown out of proportion’
President Cristina Fernández de Kirchner called for the "abandonment of sterile policies and for solutions for those who need them most," while adding that she "believes in organisation, but not through repression".

Church shows concern on ‘social tension’ in the country
The Argentine Church showed their "concern" on "the social tension and coexistence problems" in the country and demanded "consensus and dialogue" during this year’s last plenary of Bishops at Pilar district, Buenos Aires province.

US stocks close high after renewed risk-taking after G20
US stocks jumped, extending gains from the previous week, on renewed risk-taking sentiment after the Group of 20 pledged to keep economic stimulus in place until a recovery was assured.

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