Saturday Papers: US stocks gain on strong wholesale inventories data - other news

Financial Times

* US stocks edged higher on Friday after a sharp rise in wholesale inventories; the S&P 500 rose 0.5% to 1,109; the Dow Jones Industrial Average also gained 0.5%, at 10,463, while the Nasdaq Composite added 0.3% to 2,232.

* China’s trade surplus dropped in August from $28.7bn in July to $20.03bn as a result of the surging imports.

* Spectre of deflation kills the mood at Jackson Hole.

* HSBC, Barclays and Standard Chartered have given clear signals that they would be willing to move their headquarters overseas if the regulatory onslaught on the UK financial industry intensified.

* Dubai World, the troubled state-owned conglomerate, said on Friday that it has reached agreement with almost all of its remaining creditors on restructuring $25bn of liabilities.

* Tony Hayward, BP’s outgoing chief executive, will replace Andy Inglis on the board of its Russian venture, TNK-BP.

* US president Barack Obama promotes longstanding adviser Austan Goolsbee to the new head of the Council of Economic Advisers.

The Daily Mail

* Bankers have warned that a flotation or sale of the Royal Mail will struggle without "radical and meaningful efforts" to overhaul the regulations that govern the sector.