THE FINANCIAL TIMES
IZODIA INVESTORS PURSUE LOST £5.3M
Izodia, the multibillion-pound dotcom company at the centre of one of the City of London’s longest-running corporate scandals, has postponed liquidation in the hope that it can recover some of the £5.3m it is still owed.
The Daily Telegraph
UK FACES CREDIT RATING CUT AND MORE MONEY-PRINTING
The UK is likely to see its credit rating cut and will be forced to embark on a further programme of quantitative easing, veteran investor Jim Rogers has warned, saying countries such as the UK and Spain would face cuts.
TESCO AT THE GATES AS INDIA EASES CURBS
The Indian Finance Minister has dropped one of his strongest hints yet that the country’s huge retail sector could soon be opened to foreign supermarket giants such as Tesco and Wal-Mart.
THE WALL STREET JOURNAL
MAID FILES SUIT AGAINST STRAUSS-KAHN
The hotel maid who accused former IMF chief Dominique Strauss-Kahn of sexually assaulting her in a New York hotel filed a civil lawsuit yesterday alleging the “violent and sadistic” attack did her permanent damage.