What the other papers say this morning
FINANCIAL TIMES
LME’s suitors’ bids pass £1bn mark
The three remaining contenders to acquire the London Metal Exchange have all valued it at more than £1bn and promised to preserve its open outcry trading pit, setting the scene for a close-run contest as they attempt to snatch control of the historic bourse.
Graff on for $3bn-$4bn value at IPO
Graff Diamonds, known for selling multimillion-pound jewels to the super-rich, will be valued between $3bn and $4bn when it lists in Hong Kong, according to people familiar with the process.
THE TIMES
De La Rue prepares for new drachma
A British company that produces banknotes for more than 150 countries is preparing for a potential reintroduction of the drachma. De La Rue, which prints sterling and euros, has asked its production staff to select potential security threads for use in new banknotes and retrieved covers from an old collection of copper moulds, used for watermarks, should Greece exit the euro and an order come in from Athens.
The Daily Telegraph
No. 10 guide to changing nappies
New parents will be given government advice on changing nappies, breastfeeding and “baby talk” under a multi-million pound initiative to support family life. David Cameron said it was “ludicrous” that parents received more training in how to drive a car than in how to raise children.
THE WALL STREET JOURNAL
Hugo Boss Dresses Up China Efforts
High-end fashion label Hugo Boss plans to open about 60 new stores in China’s mainland over the next three years just as growth in the country’s luxury sector seems to be cooling off.
US duties for Chinese solar panels
Trade tensions between the U.S. and China are likely to ratchet up after the Commerce Department found several Chinese solar-panel companies guilty of dumping and slapped 31% tariffs on their products.