In Monday's Europe papers

04 January 2010 05:30  [Source: ICIS news]

FINANCIAL TIMES

Front page

European business braced for struggle
European companies are braced for a year of anaemic growth as they struggle to boost sales amid sluggish demand and fears about the world economy, leading chief executives have told the Financial Times.

Man Utd eyes bond issue to refinance its debts
Manchester United is exploring a bond issue as part of efforts to refinance its £700m debt, with the English Premier League champions in talks with two banks about how to reorganise its borrowings.

Companies and markets

Walmart aims to cut supply chain cost
Walmart is launching a drive this year to cut billions of dollars of costs from its supply chain by combining its store purchasing across national frontiers in a new stage in the globalisation of its business.

Emerging markets rise from decade’s gloom
After another turbulent year, the decade ended showing that youth triumphed over maturity – that emerging markets and developing asset classes such as commodities outperformed established equity and bond markets.

INTERNATIONAL HERALD TRIBUNE

Front page

US intensifies screening for travelers from 14 nations
Citizens from nations including Pakistan, Saudi Arabia and Nigeria will face intensified screening, but US citizens and most others will not.

US and UK shut embassies in Yemen over Qaeda threats
The US embassy cited "ongoing threats by Al Qaeda in the Arabian Peninsula", the branch responsible for the failed Christmas Day bomb plot.

Business

Bernanke blames weak regulation for financial crisis
Ben S Bernanke’s remarks came as he awaited confirmation for a second term as Fed chairman and as he sought greater authority from Congress.

Russia-Belarus oil dispute threatens Europe’s supply
The two countries failed to renew an agreement on crude oil export tariffs that expired on New Year’s Eve, raising the prospect of another midwinter fuel shut-off.

HURRIYET DAILY NEWS

Front page

Erecting Atatürk’s statue in another corner of the world
Erection of a statue of Atatürk, founder of the modern Turkish Republic, envisioned since 1996 will at last be completed this year in Japan, a very friendly country thousands of miles away often described as "Turkey’s far neighbour".

Turkey urged to develop its own oil resources
Turkey, an energy importer, must acquire the ability to meet its energy needs from its own resources, according to Energy Minister Taner Yıldız.

Business and finance

Nordic firm succeeds in first year in Turkey
Peikko Group, the Finnish steel components firm which established a subsidiary in Turkey a year ago had a good first year despite the decline in prefabricated construction.

Palm oil advances on demand outlook
Palm oil jumped 2.6% to its highest in more than seven months for the best annual performance in 12 years on anticipation demand will increase from India.

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