Tuesday Papers: House price dip stokes fears - other news

Financial Times

* House prices began to fall for the first time in a year in July as sellers rushed to put their properties on the market and buyers became harder to find and more cautious, according to the Royal Institution of Chartered Surveyors reports on Tuesday.

* The 138 brokers in the Aim market have raised only £387m for flotations on the junior market in the first half of the year, suggesting there will be little improvement on the £740.4m raised during the course of 2009.

* Goldman Sachs and Morgan Stanley each suffered at least 10 days of trading losses in the second quarter.

* Freddie Mac, the US home loan group, said on Monday that it needed an additional $1.8bn from the taxpayer.

* German imports surged to their highest level in June and were expected to grow further; exports grew by 3.8%.

* BBC director-general Mark Thompson and other board members are set to relinquish a pension top-up to defuse anger about planned changes to the corporation staff’s scheme.

* Japan’s premier Naoto Kan and his ruling Democratic party have pledged to increase the government’s role in promoting Japanese companies overseas.

The Daily Telegraph

* Food inflation is a rumble that won't go away.

The Guardian

* £4 a pint looms amid soaring barley prices and VAT rise; VAT on beer will rise by 2.5% in January; estimates of Russian harvest drops to 65m tonnes from 75m.