Monday Papers: Bonuses furore hits banking chiefs’ pay - other news

Financial Times

* The average pay of top bankers in the US and Europe fell by nearly 60 per cent in 2009 amid a furore over bonuses, according to data compiled for the Financial Times.

* The Life and Longevity Markets Association will on Monday launch the methodology and governance framework for a longevity index.

* The Government of Singapore Investment Corporation is close to giving the go-ahead for an initial public offering of a parcel of Asian industrial property assets that could be the biggest IPO in the city state for nearly two decades.

* UBS on Sunday started a worldwide advertising campaign, which is expected to cost about SFr60m ($58m) and will retain the group’s internationally familiar three keys logo.

* Christine Lagarde, French finance minister, on Sunday hit back at critics of the government’s plans to meet its deficit targets, accusing markets of failing to give Paris credit for two years of reform.

* Brokers who allowed high-frequency traders to have access to the markets without undertaking proper checks on them face potential fines as part of a clampdown following the “flash crash”, the head of a US watchdog said on Sunday.

* The US state department will formulate a company specific “policy” to address export licence approvals for BAE Systems, a department official said.

The Daily Telegraph

* David Cameron and other British ministers will "get out there" lobbying Russia and other oil-rich countries to give UK energy companies new business, according to Charles Hendry, the energy minister.

* Confidence in the economy is waning among businesses and households, suggesting the economy will slow in the second half of the year as the Coalition's austerity measures begin to bite.

* Psion has developed cutting edge technology to help save American footballers from dying of heat stroke.