<strong>FINANCIAL TIMES</strong><br /><br /><strong>OCH-ZIFF SET TO EARN PERFORMANCE FEES AGAIN</strong><br />Och-Ziff, one of the largest hedge fund managers in the world, is set to start earning performance fees again across its $21.7bn (£13.3bn) of funds. The flagship Och-Ziff master fund is up 17.6 per cent this year, meaning it has almost completely recovered from losses incurred in 2008. Och-Ziff added $200m to assets under management in August, according to the latest figures from the company. <br /><br /><strong>NOKIA TAKES HIGH-END AIM AT APPLE</strong><br />Nokia widened its smartphone range of products and struck a deal with Facebook in an attempt to fight back against Apple at the high end of the mobile market. The announcements capped a flurry of recent product launches aimed at boosting Nokia’s position in the highest-margin and fastest-growing parts of the market.<br /><br /><strong>CALELLO TAKES SICK LEAVE FROM CREDIT SUISSE</strong><br />Paul Calello, the head of Credit Suisse’s investment bank and one of the few finance executives to have emerged from the crisis as a rising star, is taking leave from his job to be treated for a “sudden and unexpected illness”. The company said yesterday that Eric Varvel, the London-based head of Europe, Middle East and Africa for Credit Suisse, would take on Mr Calello’s responsibilities for the time being.<br /><br /><strong>GOLDWIND IN HONG KONG FLOATATION</strong><br />China’s largest wind power producer announced plans to float shares in Hong Kong, the latest in a wave of Chinese companies that aim to raise an estimated $25bn (£15.4bn) in the coming months in the territory and on the mainland. Xinjiang Goldwind Science & Technology’s offering is one of more than 30 announced in Hong Kong in the past month, amid buoyant stock markets.<br /><br /><strong>THE TIMES</strong><br /><br /><strong>GORDON BROWN’S $1 TRILLION GLOBAL RESCUE PACKAGE UNRAVELS</strong><br />Alistair Darling is scrambling to plug a gaping hole in the $1.1 trillion (£676bn) global rescue package agreed by G20 leaders in London — hailed at the time as Gordon Brown’s biggest success. Some countries, led by Germany, are even calling for the bailout to be scaled back amid fears that it risks burdening economies with too much debt.<br /><br /><strong>TISBURY SEEKS $750M AS IT HITS THE COMEBACK TRAIL</strong><br />Tisbury Capital, one of London’s biggest hedge funds that was brought to the brink of collapse last year, is planning to launch a new fund. Gerard Griffin, Tisbury’s founder, is preparing to embark on a charm offensive with investors this autumn. He aims to raise up to $750m (£460m) by the end of the year.<br /><br /><strong>The Daily Telegraph</strong><br /><br /><strong>KETECH PENSION BLACK HOLE EVEN DEEPER THAN FEARED</strong><br />Senior directors of KeTech Group were aware of the pensions black hole at several of its subsidiaries ahead of the £2m refinancing that saw taxpayers rescue the group. It has emerged that KeTech’s finance director Graham Bawden, who resigned as part of the finance deal, was aware of the pensions arrears.<br /><br /><strong>INVESTORS READY TO BACK $1BN RSA RIGHTS ISSUE</strong><br />Leading shareholders in insurer RSA are prepared to back the company's chief executive if he pushes ahead with plans to raise $1bn (£614m) in a rights issue. Sources at some of the UK’s largest institutional investors said they will support Andy Haste as a reward for reversing the company’s fortunes during his six years at the helm.<br /><br /><strong>WALL STREET JOURNAL</strong><br /><br /><strong>GM SEES $1.42BN IN OPEL AID FROM BRITAIN, SPAIN, POLAND</strong><br />General Motors anticipates the governments of Britain, Spain and Poland will provide about €1bn (£877m), in combined aid to restructure its ailing Opel unit. Support from those governments would add a new political factor to the long-running saga over the fate of Opel.<br /><br /><strong>EXCHANGES OFFER VIEWS ON HARMONISING REGULATION</strong><br />The heads of major exchanges offered somewhat diverging views on plans by the Commodity Futures Trading Commission and the Securities and Exchange Commission to reconcile their rule books. The two regulators met yesterday, marking the first major step toward finding common ground as they prepare to share oversight under the Obama administration’s plan to regulate derivatives.