WHAT THE OTHER PAPERS SAY THIS MORNING

THE WALL STREET JOURNAL

ANGLO IRISH'S US PORTFOLIO DRAWS INTEREST
Several banks, including Deutsche Bank AG, Goldman Sachs Group, J.P. Morgan Chase and Wells Fargo, are weighing bids for parts of nationalized Irish lender Anglo Irish Bank Corp’s US real-estate portfolio, according to people familiar with the matter.

NOKIA EXPECTED TO GIVE DOWNBEAT FORECAST
When Nokia reports its second-quarter results on tomorrow, all eyes will be on the ailing handset maker's guidance for the second half of this year. Expectations are low. Struggling to compete with Apple and smartphones that run on Google’s Android operating system, Nokia in February decided to dump its Symbian system.

The Daily Telegraph

EUROZONE DEBT CRISIS COULD PROVE VERY COSTLY FOR THE WORLD, WARNS IMF
The International Monetary Fund (IMF) has urged eurozone leaders to take immediate action over the region's debt crisis, warning it could prove “very costly” for the world. Europe’s policymakers must press on with deeper economic integration to “stay the course”, the global lender said.

BRITISH TOURIST SHOT DEAD IN VENEZUELA
A British man has been shot dead and his brother injured during a robbery while they were on holiday in Venezuela. Thomas Ossel, from Bedfordshire, was fatally shot in the jaw while his brother Jack was wounded but survived.

FINANCIAL TIMES

F1 SUPREMO ECCLESTONE ACCUSED OF BRIBERY BY GERMAN PROSECUTORS
German prosecutors have publicly alleged that Bernie Ecclestone and a trust belonging to the Formula One supremo’s family paid almost $44m (£39m) in bribes to a German banker. In return, Mr Ecclestone received $41.4m in commissions from BayernLB, the German bank, while a family trust company was paid $25m, German prosecutors allege.

OSMOND EYES NEW HORIZON
Hugh Osmond, the serial entrepreneur, has started preparations to float a new acquisition vehicle as soon as October that would aim to raise up to £500m, according to people close to the plans. The venture would be a successor to the Horizon acquisition vehicle floated last year.