In Wednesday's Europe papers

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

FINANCIAL TIMES

Front page

US banks bill seeks to strip Fed of powers
Chris Dodd, chairman of the Senate banking committee, on Tuesday presented a more radical vision of regulatory reform than that proposed by the Obama administration.

UK banks split into two tiers
HSBC and Barclays provided stark evidence that the UK’s banks have polarised between successful commercial operators and struggling part-nationalised ones, as the country’s two biggest banks reported robust third-quarter results.

Companies and markets

Vodafone faces weaker margins
The group tried to reassure investors by revealing a new cost-cutting programme worth £1bn.

Global equity markets flirt with 2009 highs
Global equity markets remain poised to challenge fresh highs for 2009, though progress proves tortuous after the dollar’s decline abated.

INTERNATIONAL HERALD TRIBUNE

Front page

Blackwater said to pursue bribes to Iraq after 17 died
Former executives said it was unclear if payoffs of about $1m were made to Iraqi officials, but the goal was to hush criticism and buy support after 17 civilians were killed.

European Union struggles to select new leaders
Days after securing the landmark treaty that will lead to the naming of the European Union’s first president, the bloc has lapsed into horse-trading-as-usual over the position.

Marketplace

Hoteliers flock to Asia in search of faster growth
Despite difficult times for the industry, hardly a week goes by without a hotel opening or announcement of expansion plans in Asia.

China’s real estate sector posts strong growth
Germany’s leaders are grappling with a rising budget deficit as they push a tax cut to stimulate the economy.

THE MOSCOW TIMES

Front page

Renault invited to up AvtoVAZ stake
The first deputy prime minister said the government, which owns a 25% plus one share stake through Russian Technologies, was ready to consider giving more shares to Renault, which has a stake of 25% plus one share.

Nurgaliyev in no mood to celebrate police day
The country's top cop has been under pressure since April and is facing almost unprecedented rebellion from within after a police major Novorossiisk became an internet sensation after publicly complaining about corruption and unbearable working conditions.

Business

Investigators slam state corporations
In addition to the criminal cases opened, the prosecutor's office uncovered a host of other problems, including unsanctioned outsourcing, excessive bonuses and absent supervisors.

World Bank wants diversification
The government and economists have constantly argued that Russia relies too heavily on raw materials, but reform has proved hard, particularly amid high commodities prices in recent years.

DER SPIEGEL

Front page

Merkel positions herself as crisis chancellor
History is a fickle object of desire, but Chancellor Angela Merkel's ambitions are modest.

How the Opel deal went sour
The bid by the German government to secure Opel’s rescue has ended in fiasco after General Motors pulled out of a deal to sell its troubled European subsidiary.

HURRIYET DAILY NEWS

Front page

No hand shakes yet on US gunship sale
The US military wants to sell the Turkish military a limited number of AH-1W Super Cobra attack helicopters, but details still need to be clarified before a final deal can take place.

Poor turn out for women's rights protest
Turnout in Istanbul for the “One Day, One Struggle” event was disappointing, with fewer than a hundred people demonstrating for women's rights.

Business and finance

ING Bank CEO resigns
Hakan Eminsoy, the chief executive of ING Bank Turkey, has resigned from the top position, according to a statement on Tuesday from the bank.

Automotive industry fears drop in sales
Without supportive policies, the Turkish automotive industry may experience a 30% decline in sales next year, says the automobile association's İbrahim Aybar.

WARSAW BUSINESS JOURNAL

Front page

European Union at no risk of hyperinflation
The European Central Bank's analysis does not show any risk of hyperinflation in the medium term, an ECB policy maker said on Tuesday.

Central bank reveals €57m budget deficit in September
Poland posted a current account deficit of €57m in September, using up some of August's €124m surplus, but still beating analyst expectations, the National Bank of Poland has revealed.

By: Staff Reporter
+44 20 8652 3214

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