Business and economics

•Financial Times: Argentina’s government took the first step towards forcibly breaking up London-listed media group, Clarín, under an anti-monopoly law, but the newspaper-to-internet group slammed the step as “totally inadmissible and illegal”.

•The Daily Telegraph: Edmund Truell, the entrepreneur founder of the Pension Corporation, has been appointed by the Mayor of London to head the capital's £4.2 billion local authority pension fund.

•Financial Times: A JP Morgan-backed investment vehicle that aims to track the price of copper has won the approval of US regulators in spite of strong opposition from users of the metal and senior politicians.

•The Daily Telegraph: British Parliamentary Banking Commission will this week call for banks to be broken up, rather than just ring-fenced.

•The Independent: The yen plunged to 84.48 against the US dollar on Sunday as traders bet on a huge expansion in money printing from Japan's central bank in the wake of a landslide election victory for the Liberal Democratic Party.

•Financial Times: After three years of topping the global rankings for initial public offerings, Hong Kong, this year, fell to fourth place, only narrowly beating Kuala Lumpur, the Malaysian capital.

•The Guardian: The eurozone posted a trade surplus of €10.2 billion for October, up from a deficit of €0.7 billion the previous year (with no seasonal adjustments).

•The Independent: There are "very large" risks to the recently negotiated Greek bailout package, according to a long-awaited report from the European Commission and European Central Bank.

•The Daily Telegraph: Cyprus could default on loan payments due this month unless it can reach an agreement on a bailout with international lenders within days, a government official said on Monday.

•The Guardian: More than £5 billion has been illegally siphoned out of Zambia over 10 years, with most of it ending it up in offshore banks and tax havens, according to a report by financial transparency campaigners.

•The Daily Telegraph: Household energy bills will rise by more than £15 by 2020 to pay for a £38.2 billion upgrade to Britain's networks of gas pipelines and electricity cables, Ofgem said on Monday.

•Financial Times: Up to 100 financial advice firms that sold high-risk, illiquid Arch Cru funds to retail investors are expected to fail next year as a result of being made to pay compensation, according to the Financial Services Authority.

•Financial Times: Schroders, the global asset manager, has bolstered its US business after acquiring 100% of STW Fixed Income Management and adding nearly $12 billion to its assets under management.

•Daily Mail: Grosvenor, the Duke of Westminster’s multi-billion pound property empire, is planning a major reorganisation of its fund management arm to cut spiralling costs.

•Financial Times: Hunting has resolved a tax dispute with Canadian regulators that will see the London-headquartered international energy services group receive a cash refund of about £25 million.

•Financial Times: Centamin, the London-listed gold miner, said it had resumed exports from its Sukari mine in eastern Egypt, adding that it expected normal operations to begin again “in the coming days” after clashes with the government over fuel supply and visas.

•Financial Times: KKR, the US private equity group, has achieved its goal of raising $6 billion for its new Asia fund, according to people familiar with the matter, making it the largest fund focused on the region.

•The Guardian: Aggreko, the temporary electricity provider that helped power the Olympic Games, said sales would drop next year, sending its shares tumbling over 20%.

•Financial Times: G4S, the company at the centre of the Olympics security fiasco, is set to win a role in implementing the government’s contentious and complex changes to child benefit and the universal credit.

•Financial Times: Holcim will take charges totalling $556 million against its fourth-quarter earnings, as the Swiss cement maker presses ahead with the overhaul of its troublesome European operations.

•The Independent: H&M said like-for-like sales had fallen 1% in November, better than analysts were expecting and an improvement on a 5% drop suffered in October.

•The Guardian: John Lewis saw an 11% increase in sales to £148 million in its stores compared with the 15% rise year on year reported the week before.

•Financial Times: DS Smith, the recycled packaging company, is at loggerheads with SCA Group after attempting to claw back some of the €1.6 billion it paid for its Swedish rival’s packaging division.

•The Guardian: Controversial payday loans firm Wonga is taking on the credit card industry with a product that allows shoppers to pay for goods with a three-month loan.

•Daily Express: One Media IP Group, a digital music and video rights holder whose portfolio runs from the Sex Pistols to Sooty and Sweep, has appointed advisors to explore options including a move to AIM next year.

Share tips, comment and bids

•Financial Times: BP said it was selling its stake in the Sean natural gasfield in the UK North Sea to SSE for $228 million in cash.

•The Daily Telegraph: First Quantum Minerals has launched a £3.1 billion hostile takeover bid for copper and zinc producer Inmet Mining.

•Financial Times: Sprint Nextel plans to take full control of Clearwire with a sweetened $2.2 billion offer for the remaining 49% stake in the US mobile broadband telecoms business it doesn’t already own.

•Financial Times: Elliott Management, a $20 billion hedge fund and activist investor, has made a $2.3 billion bid to acquire Compuware, saying the Detroit-based business software maker has underperformed.

•The Independent: The private healthcare group Bupa has agreed to take over Australia and New Zealand's largest dentistry chain, Dental Corporation, for £244 million.

•Financial Times: Sun Life Financial has become the latest life assurer to walk away from US annuities, agreeing to sell its business in the country for about $1.35 billion in cash to the backers of Guggenheim Partners.

•Financial Times: German family holding group Joh A Benckiser is to increase its presence in the US coffee market, buying café chain Caribou Coffee for $336 million six months after it agreed to acquire Peet’s Coffee & Tea.

•Financial Times: Bharti Infratel, the telecom towers unit of Bharti Airtel, India’s largest mobile phone operator by subscribers, has raised about $760 million in India’s biggest initial public offering for two years.

•The Independent: Dods, which owns Parliament's weekly magazine The House, has agreed to buy Biteback Media and Holyrood Communications for a total of up to £1.46 million.

•Financial Times: Six Group, owner of the Swiss stock exchange, is to buy the clearing operations of its Norwegian counterpart for $32 million in a deal which will prepare it for sweeping changes in derivatives markets.

•Financial Times (Comment – Jeffrey Sachs): Today’s challenges go beyond Keynes; a different kind of growth path is required

•The Guardian (Comment): Past generations have inflated away their debts knowing they had the power as workers to maintain their wages in real terms.

•The Guardian (Comment): Give bank ringfencing a chance, but make parliament assess its success after a few years.

•The Daily Telegraph (Comment): Inflation rocks, but it could spur a bond market crash.

•The Daily Telegraph (Comment): Savers, don't expect better rates if peer-to-peer lenders replace banks.

•Financial Times (Lex): First Quantum/Inmet: First Quantum can afford to play a long game, but it is a risky deal: it has not had access to the Cobre Panama copper mine for due diligence

•Financial Times (Lex): Holcim: News of accelerated cost-cutting at the Swiss-based cement maker Holcim is welcome, but it still looks pricey compared with its peers

•Financial Times (Lex): Aggreko: The UK power supply rental group, which issued its second profit warning in three months, should be more specific about its capital spending plans

•Financial Times (Lex): Japan elections: The country’s new prime minister could be the most successful this century, but he will have his work cut out persuading investors to stick around