What the other papers say this morning

FINANCIAL TIMES

CCB eyes $16bn European bank move
One of China's biggest lenders plans to make the country's largest foreign bank purchase to date and has set its sights on potential targets in Europe. China Construction Bank, the second-ranked Chinese lender by assets after Industrial and Commercial Bank of China, could spend as much as $16bn on a deal, according to Wang Hongzhang, its chairman. "Some of the banks in Europe have been put up for sale, Mr. Wang told the Financial Times in an interview, "Now we are looking for the right choice."

Move to stall 40 per cent quota plan
Britain has mustered sufficient support from EU member states to block a proposal by Brussels to impose a 40 per cent quota on listed company boards across the 27 country bloc, according to a letter sent to the European Commission's president.

Business fears tax avoidance rules
New rules curbing "abusive and artificial" tax avoidance risk damaging investment and give too much power to Revenue & Customs (HMRC), business leaders have told the Treasury.

THE TIMES

Programme makers to lose BBC jobs
George Entwistle, who first joined the BBC as a trainee journalist and takes over as Director-General this morning, is considering injecting more competition by allowing independent production companies to bid to make a larger share of television programmes.

Batman can't compete with Mobot
The Olympic Games have delivered the most bruising summer for six years to Britain's cinemas.

The Daily Telegraph

MPs to grill civil servants over Rock
Senior civil servants will be grilled by MPs tomorrow on their handling of Northern Rock after claims that taxpayers could still face £2bn losses from the decision to nationalise it.

Film distributor in Spielberg deal
Entertainment One, the film distribution business behind Peppa Pig and Twilight, has struck a deal to add Steven Spielberg's next films to its roster of titles.

THE WALL STREET JOURNAL
EUROPE

UnitedHealth to replace Kraft in DJIA
The Dow Jones Industrial Average will become a little more health-sector-heavy on 24 September, when insurer UnitedHealth Group will replace Kraft Foods in the 30-component average.

Fiat pressured over vow to expand
Fiat faced a political storm as two government officials joined calls for the auto maker to explain whether it plans to follow through on an ambitious plan to revamp factories in Italy.