WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

TRADERS PREPARE FOR CHÁVEZ GOLD TRANSFER
Bullion traders are preparing for one of the largest transfers of physical gold in recent history after Hugo Chávez, Venezuela’s president, ordered the country’s gold reserves to be returned to Caracas.

The Daily Telegraph

EXXONMOBIL SUES US GOVERNMENT OVER SEIZURE OF OIL LEASES
Oil major ExxonMobil is suing the US government for cancelling some of its deepwater exploration permits in the Gulf of Mexico. US authorities took away three out of five of Exxon's leases for the Julia field.

THE TIMES

GADDAFI TURNS TO ILFORD LAW FIRM TO UNLOCK HIS FROZEN ASSETS
Colonel Gaddafi’s regime has turned to a law firm in East London in an attempt to regain control of its frozen assets. Small high street practice Edwards Duthie has been instructed.