In Tuesday's Europe papers

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

FINANCIAL TIMES

Front page

Bernanke reassures markets on dollar
The Federal Reserve is monitoring currency markets “closely” and will conduct policy in a way that will “help ensure that the dollar is strong”, Ben Bernanke said on Monday in rare comments on the US currency.

Lehman seeks $10bn clawback in Barclays suit
Attorneys representing the estate of Lehman Brothers filed a lawsuit on Monday against Barclays Capital, seeking to claw back as much as $10bn (£5.9bn) that it claims was transferred to the UK bank last year in the frenzied days following Lehman’s bankruptcy.

Companies and markets

GM to begin repaying government loans
General Motors reported a further loss in its first quarter since leaving bankruptcy, but said it would begin repaying its bail-out loans to the US and Canadian governments next month.

Dollar relapse pushes gold to new peak
Global Markets Overview: The price of gold hit another record as the dollar resumed its downward trend, helping a number of stock markets to claim fresh highs for 2009.

INTERNATIONAL HERALD TRIBUNE

Front page

Inspectors fear Iran is hiding nuclear plants
International inspectors raised questions about whether Iran has concealed other nuclear factories in addition to the recently discovered site in Qum.

In reversal, panel urges mammograms at 50, not 40
The new recommendations, released on Monday by an influential group, reverse longstanding guidelines and are aimed at reducing harm from overtreatment.

Marketplace

Audit faults New York Fed in AIG bailout
Officials managing the multibillion-dollar bailout of the insurance giant may have overpaid other banks to wind down AIG’s business relationships, a government watchdog says.

GM, citing progress, reports loss of $1.15bn
GM said it would begin repaying loans to the US and Canadian governments over five years ahead of schedule.

THE MOSCOW TIMES

Front page

Moscow faces a more powerful EU
President Dmitry Medvedev will meet senior EU officials under the bloc’s old makeup for the last time at a EU-Russia summit in Stockholm on Wednesday.

Russia agrees to warn EU of future gas cuts
A new system requires Russia to notify the EU of any likely interruption, triggering consultations and joint prevention efforts.

Business

Medvedev looks for lessons in Singapore
Medvedev spoke as he oversaw a flurry of negotiations in Singapore with companies interested in investing in Russia’s Far East and a possible deal that would allow Gazprom to exclusively supply gas to the island nation.

Illegal additions to historic homes
The construction of mansards, or stylized roof extensions, has become popular among homeowners as a cheap and effective way to increase the area of their apartments.

DER SPIEGEL

Front page

Libyan leader hands out Korans to hundreds of Italian beauties
Known for his quirkiness, Libyan leader Moammar Gadhafi may have outdone himself this week.

Merkel to attend Copenhagen despite deal doubts
The good news: German Chancellor Angela Merkel says she intends to attend the Copenhagen climate talks.

HURRIYET DAILY NEWS

Front page

Call for Turkish-Armenian peace from theatre stage
The Turkish-Armenian reconciliation process has received support from the Armenian diaspora through a new play, "Armenian Concert or Turkish Proverb."

Domino effect of Turkey-Armenia warmth to coat Gate of Orient, says analyst
The warm winds of change in Turkish-Armenian ties is likely to start a positively charged domino effect, according to a new report from an Ankara-based think tank.

Business and finance

Central Europe urged to embrace nuclear
Leaders of Central European nations who gathered for a regional energy conference here on Monday offered a rare bit of consensus in Europe’s raging energy and environmental debates.

Ambiguity drives away investors
A two-year wait on licenses to set up wind turbine farms in Turkey has started to drive away investors. Companies waiting for licenses declined to 691 from 750.

WARSAW BUSINESS JOURNAL

Front page

Third A/N1H1 victim dies in Poland
So far in Poland, three have died as a result of swine influenza, and almost 240 have been diagnosed with the A/N1H1 virus.

Terrorist admits beheading Piotr Stańczak
A member of the Pakistani Taliban has confessed to the killing of a Polish engineer earlier this year, a private TV channel in Pakistan has reported.

 

By: Staff Reporter
+44 20 8652 3214

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