A round-up of the newspapers: Thursday

 

A summary of the most important stories from the City pages of national newspapers.

Vodafone chief promises the phone giant will become more aggressive during the downturn - Financial Times

KPMG reveals Lehman Brothers built up huge balance sheet exposure to Asian property - Financial Times

Hedge fund SRM Global is suing the Wall Street Journal - Financial Times

Credit card lenders ease pressure on borrowers - Independent

Bell Canada buyout deal appears close to collapse - Independent

Retailers launch price war as they scramble to pass on VAT cut - The Times

Chancellor forced to back track after blunder on spirits duty - The Times

Speedy Hire warns of more job cuts in the new year - The Times

Sir Stelios warns shareholders could be wiped out if easyJet keeps buying planes - Daily Telegraph

Woolworths' collapse could spark a bitter High Street price war - Daily Telegraph

Gold could soar past $2,000 an ounce by end of next year, Citi predicts - Daily Telegraph

Whitehall could take control over loan rates, banks are warned - Guardian

Digital revenues overtake earnings from physical sales at Atlantic Records - Guardian

Beijing slashes interest rates by most in a decade - Guardian