In Tuesday's Americas papers

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

THE WALL STREET JOURNAL

Front page

Osborne says Tories will tackle pensions
George Osborne, the Conservative shadow Chancellor, tells the Journal that his party – if elected – will trim the UK’s record debt by tackling public-sector pensions and their huge unfunded liabilities.

Euro zone posts surprise trade surplus
The euro zone unexpectedly posted a trade surplus in September, as exports from the region fell by less than imports.

Ownership brings responsibilities
Even in an era of global finance, the location of a company’s ownership is important.

Money & Investing

TARP cannot save some banks
US regulators have seized or threatened at least 27 banks that received capital infusions from the Troubled Asset Relief Programme, leaving taxpayers facing a potential $5.1bn loss.

GMAC chief ousted by board
Alvaro de Molina resigned as chief executive of GMAC at the request of its board. He is being succeeded by Michael A Carpenter, who previously led Citigroup’s global corporate and investment bank.

UBS outlines path to profit
UBS Chief Executive Oswald Grübel asked investors for patience in returning the Swiss bank to profitability and stanching outflows at its flagship private bank, as he detailed mid-term financial targets.

THE NEW YORK TIMES

Front page

In Beijing, Obama calls for ‘strong dialogue’
After meeting on Tuesday, President Obama and President Hu Jintao said the US and China would work together on nuclear proliferation, climate change and stabilising the world economy.

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.

Business Day

GM shows signs of recovery despite new loss
GM said that while it was still losing money, it had stabilised enough to begin repaying a portion of its government loans.

A change at the top of GMAC as it negotiates for another government bailout
Michael Carpenter, a former Citigroup executive, is the new chief of GMAC, which sought to postpone a decision on the terms of its next federal bailout.

WASHINGTON POST

Front page

Deep divisions linger on health care
As the Senate prepares to take up legislation aimed at overhauling the nation’s health-care system, President Obama and the Democrats are still struggling to win the battle for public opinion.

A centrist in health-care debate, Lincoln hears it from all sides
When the Senate begins floor debate on a health-care reform package this week, the outcome is almost certain to rest on decisions made by a handful of moderate Democrats.

Business

Low-emission locomotives a boost to public health
A new crop of "ultra-low emission" short-haul locomotives could have significant benefits, according to rail industry officials and federal health experts, who suggest that they could help decrease the risk of cancer, heart and respiratory disease for people living near rail yards.

Fed criticised for AIG creditors deal
Central bank officials made only a passing attempt to negotiate discounts from the creditors of AIG last fall before directing the company to fully pay what it owed on its troubled derivatives contracts, inspector general report says.

GLOBE AND MAIL, Canada

Front page

Ottawa aiding India in Mumbai massacre probe
Canada is helping investigators in India with their probe of the Mumbai massacre, and the possible involvement of a Canadian in one of the worst terrorist attacks since 11 September, 2001.

Obama, Hu stress cooperation
US President Barack Obama and Chinese President Hu Jintao emerged from hours of intense talks on Tuesday determined to marshal their combined clout on crucial issues, but still showing divisions over economic, security and human rights issues that have long bedevilled the two powers.

Business

GM on the road to paying back bailout loans
Auto maker will start payments next month, but GM’s equity value must rise to $66bn for Ottawa, Ontario to get their money back.

CRTC blasts both sides in TV dispute
Chairman Konrad von Finckenstein says networks, cable companies ‘destroying each other’ and tearing the industry apart.

BUENOS AIRES HERALD

Front page

Misiones judges accused of espionage to be indicted
Federal Judge Norberto Oyarbide asked for the indictment of two Misiones province judges that authorised the listening-in of BA City Mayor Mauricio Macri’s brother-in-law and the head of the Association of Relatives and Friends of Victims of the AMIA, Sergio Burstein, among others.

Peres, in Argentina: ‘The beginning of a new relationship’
Israeli President Shimon Peres arrived in Argentina, home to Latin America’s biggest Jewish community, for a two-day visit.

Govt vows to resist opposition-led Congress
The chief of the ruling Victory Front caucus in the Lower House, Agustín Rossi, today said that it would be an "institutional blow" if an opposition member was given the Presidency of the Lower House, after the 10 December reshuffle.

By: Staff Reporter
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