Thursday headlines: No Ikea store at Timpuri Noi, mandatory home insurance, banking sector loss

Romanian media

Retailers realize consumption revival is not without massive price cuts – in Ziarul Financiar IKEA converts Timpuri Noi into apartments, offices and retail space – in Ziarul Financiar Eight million Romanians have to insure their homes – in Ziarul Financiar Alcatel Lucent hires another 200 engineers in Timisoara – in Ziarul Financiar Schaeffler expects 100m euros higher turnover for Brasov plant – in Ziarul Financiar Erste: Romanians' disposable income will drop by 10 percent this year – in Adevarul LG Electronics Romania turns to profit but drops turnover – on Dailybusiness.ro BNR: Romanian banking system, EUR 50 mln loss after five months – on Hotnews.ro

International media

Ministers toughen stance on emissions - in the Financial Times Fed cuts its 2010 growth forecast - in the Financial Times German prosecutors raid Credit Suisse - in the Financial Times US Airlines May Be Forced to Widen Fee Disclosure - in BusinessWeek Earnings Preview: JPMorgan to report 2Q results - in BusinessWeek