Roberto Abraham Scaruffi

Monday 31 January 2011


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January 31, 2011 -- 6:30 a.m. CET
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FRONT SECTION
1 Opposition Unites in Egypt
Egypt's opposition groups lined up behind Mohamed ElBaradei as their best chance to oust President Hosni Mubarak, while the nation's military closed ranks with the government leadership but allowed protests to continue raging in the streets.


A Fund Manager Ensnared
A hedge-fund manager, Samir Barai, has been drawn into the government's insider-trading investigation and his firm raided by the FBI.


2  AGENDA: End of Central Banking's Golden age   3 Europe Summit to Focus on Funds Train Crash Kills 10 in Northern Germany Police Detain 10 at Belarus Protest   4 Syria Strongman: Time for 'Reform' Tunisian Islamic Leader Returns   5 Unrest Poses Wider Risk   6 Moment of Truth for U.S. The White House Hardens Its Tone   7 Muslim Group Backs Secular Struggle   8  THE OUTLOOK: Trade Keeps Growing, Despite Stalled Global Talks Ruling Party Struggles With Japan's Credit Rating   9 Hit-and-Run Sentence Sparks More Outrage Myanmar Set to Choose Leader U.S. Urges Pakistan to Free Diplomat   10 Keeping our Cities Livable
 
OPINION
11 Egypt's Revolution
Mubarak now has few good options for retaining power.


Culprits From Beltway Casting
The financial inquiry commission lets a crisis go to waste.


12 OPINION  THE WEEKEND INTERVIEW: A Hollywood Icon Lays Down the Law   13 OPINION   FOUAD AJAMI: Rebellion in the Land of the Pharaohs Iran's Weapons Smuggling Ring
 
FRONT SECTION
14 Secret to Bank's Comeback: A Rich Uncle Named Sam
As U.S. banks try to recover from about $493 billion in loan losses, BankUnited is emerging as a case study of how government largess in the wake of the crisis has allowed institutions to thrive.



 
FRONT SECTION
29 The Fate of the Kilo Weighs Heavily on the Minds of Metrologists
In a vault on the outskirts of Paris sits a platinum cylinder known as Le Grand K, the international prototype for the kilogram. But over the years, scientists have noticed a problem: Le Grand K has been losing weight.


30  WORLD AT A GLANCE: World Watch   31  BUSINESS AT A GLANCE: Business Watch
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17 Alpha Reaches Deal to Buy Massey
Alpha Natural Resources reached a deal to buy rival coal company Massey Energy for $7.1 billion in cash and stock.


ABREAST OF THE MARKET
Inflation Stalks Emerging Markets
Investors in emerging markets face a risky landscape as a result of inflation. The question is whether central banks and governments are doing enough to stamp out inflation fires fueled by rising commodity prices and domestic economies operating at full tilt.


Chinese Banks on the Prowl in Europe
Chinese financial institutions are pushing into Europe, opening bank branches, scouting for deal opportunities and even attending German banking classes, in the latest illustration of China's growing global economic clout.


18 U.S. Corporate Profits Surge Family Feud Over Casino Empire Raises Questions About Ho's Health   19 Generics Companies Weigh In on Biological Drugs BP's Partner in TNK-BP Calls for Dividend to Be Withheld   20  BOSS TALK: Gorman Sees 'Lot More to Be Done'   21 Deutsche Bank Bets on Home Market China Opens a Door on Currency Swaps   22 Espirito Santo's Surprise Loan Move Trader Racks Up a Second Epic Gain Goldman Boosts Pay of Partners   23 Barclays Wealth's Gardiner Bets on Tech  CURRENCY TRADING: Bruised by Egypt, Euro Could Slip Further   24  COMMODITIES REPORT: Chinese Take a Cotton to Hoarding   27  PERSONAL TECHNOLOGY: What's on the Table for Tablets This Year Nintendo 3DS to hit Europe on March 25   28 Nadal and Federer's New Rival Tip of the day
 
32 HEARD ON THE STREET
Fed Hoards a Trillion in Treasurys
The Fed's holdings of Treasury debt with terms longer than one year passed the $1 trillion mark.


HEARD ON THE STREET
London's Real-Estate Gold Rush
Prime London commercial real estate has emerged as an improbable postcrisis safe haven. But global real-estate investors can find better value elsewhere.


HEARD ON THE STREET
Faith in Oil Explorers May Be Misplaced
Stocks like Tullow Oil and Cairn Energy have soared on strong production growth, high oil prices and optimism over their ability to make exciting new discoveries. But the excitement has got out of hand.


Overheard: Dubai Rebound
Two years after finding itself in the teeth of the credit crisis, Dubai is back. At least on one measure.

For Jumeirah Group, one of the Gulf state's leading hotel operators, revenue per available room over the holiday period was back above the highs reached in 2007.

Gerald Lawless, executive chairman of the group, which has 2,600 rooms at hotels in Dubai, including the famous Burj Al Arab, told The Wall Street Journal in Davos that vacationers from the U.K., Germany and Russia helped underpin the rebound. Revenues per room remain somewhat volatile, but they dropped by about a quarter during the credit crisis, which had caused financial distress in highly leveraged Dubai.

The other nationality of travelers that Mr. Lawless is looking to for a boost: Chinese celebrating the coming New Year.



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