WHAT THE OTHER PAPERS SAY THIS MORNING

FINANCIAL TIMES

AB InBev takes over Dominica’s CND
Anheuser-Busch InBev is to pay $1.24bn for control of fellow brewer Cervecería Nacional Dominicana.

Cautious go-ahead for fracking
The future of hydraulic fracturing – known as fracking – the contentious natural gas extraction technology – has been boosted after a report cleared the way for a company to resume use of the technique despite it triggering two small earthquakes near Blackpool last year.

Karzai blames Nato failure for attacks
Hamid Karzai, Afghanistan’s president, blamed Nato for allowing Taliban attackers to penetrate some of the most sensitive political and security sectors in the heart of Kabul on Sunday, even as Nato officials praised Afghan troops for fending off the assault. Yesterday Mr Karzai described the infiltration of suicide squads into the capital as “an intelligence failure for us and especially Nato”. His office said the attacks, which also hit three eastern provinces, resulted in the deaths of 36 insurgents, 11 members of Afghan security forces and four civilians.

THE TIMES

PwC faces inquiry into Tenon audit
PwC is facing an investigation by an accountancy watchdog into its auditing of RSM Tenon, the stricken professional services group.

Royal Mail hits out at TNT trial run
Royal Mail is poised to call on the regulator to rein in the fledgeling rival TNT Post UK in an impending battle for the British letterbox, believing aggressive private sector competition on the streets of London has become too hot.

The Daily Telegraph

Hedge funds sell commodities
Hedge funds are cutting their exposure to commodities at an accelerated pace as concerns mount that slowing growth in China will depress demand.

Singapore fund targets UK property
Singapore's sovereign wealth fund is preparing to buy up swathes of distressed properties in the UK with the launch of a £200m fund. The investment drive by the Government of Singapore Investment Corporation (GIC) is a further example of growing overseas demand for UK property.

THE WALL STREET JOURNAL

Wal-Mart Taps Google’s Mayer
Wal-Mart Stores said yesterday it has nominated Marissa Mayer to the company’s board, a signal that the company is thinking very seriously about its online technology services.

Romney woos conservative leaders
Mitt Romney, while ramping up efforts to win swing voters, has remained personally involved in trying to persuade conservative leaders to back him and help drive Republican turnout this fall.