Monday Papers: ECB likely to extend emergency bank support - other news

Financial Times

* The European Central Bank is expected this week to extend emergency support for eurozone banks until early next year.

* The number of highly paid staff at the Financial Services Authority has trebled in the past four years.

* The credit crunch facing US banks is boosting business of Japanese banks in the world’s largest market, say senior Japanese banking executives.

* Momentum for a package of reduced tariffs to help the Pakistani economy is building in Brussels after senior officials in Islamabad asked western nations for preferential access for its textile exports.

* Google’s YouTube video site is in negotiations with Hollywood’s leading movie studios to launch a global pay-per-view video service by the end of 2010.

* The price of steelmaking commodities iron ore and coking coal will drop next quarter as lower steel production forces global miners Vale of Brazil and Rio Tinto and BHP Billiton, to offer discounts on their supply contracts.

* Samsung and Toshiba are expected to lead a tablet charge at the IFA consumer electronics show in Berlin on Thursday.

* The Bank of Japan began an emergency meeting on Monday to ease monetary policy.

* The BBC is trying to head off a brutal confrontation over pensions with staff and unions by considering the securitisation of assets.

The Daily Telegraph

* China's draconian export curbs on rare earth minerals is escalating into a serious diplomatic and trade clash with the United States and other leading powers.