A brief summary of Tuesday's main business headlines.... the Euro and sterling come under pressure, Toyota's problems continue and retailers report the worst January for 15 years




Financial Times

Traders make $8bn bet against euro

BSkyB acts fast to sell ITV stake

Toyota to recall Prius over brake problem

Xstrata sees advantages in possible Glencore link-up

Traders fearful as contagion worries linger

Brazil enters fray for African resources

SAP admits it lost customers trust

Shifts in commodity prices as El Niño fades

US courts support for Iran sanctions





The Times

Sterling weakens as eurozones problems unsettle the markets

Lexus hybrid steered into Toyota recall

400 Cadbury staff to lose jobs despite pledge

Myners says bonuses are bleeding pension funds

Allen & Overy expands to Australia

Worst January since 1995 at the tills

MPs say Treasury overpaid City bankers for advice

Ethel Austin joins list of fashion casualties

Snow leaves Focus stranded without customers

Xstrata chief halts growth through takeovers

Ex-Intel exec pleads guilty in Galleon case

Japanese company faked safety reports on seats

Judge questions SEC's $150m accord with BoA

Greek bailout is looking increasingly likely





Daily Telegraph

Toyota expected to announce second recall in two weeks

UK companies cut dividends by £10bn

Saudi Arabia opens to outsiders as it looks to future

Santander now looking at float of UK business

Asia is taking the lead in petrol production

Dubai World sale puts QE2 on the block

Ocado prepares to deliver £1bn flotation

UK plans to tax banks for bail-outs gain ground with G7





The Independent

Treasury is failing to force banks to lend, warn MPs

Shops hit by big freeze had worst January for 15 years

Sky drops ITV court fight as it cuts stake

Boost in half-term bookings leaves Butlins on a hi-de-hi

Kirin calls off Suntory takeover

G7's reassurances fail to calm fears of Greek meltdown

More than 3,700 jobs at risk after Ethel Austin hits the buffers again

Xstrata reinstates dividend as China supports metal prices





The Guardian

Indian tribe appeals for Avatar director's help to stop Vedanta

BSkyB to sell 10% stake in ITV

Post office closure consultations 'a sham', says consumer group

High street feels the January chill

Ethel Austin goes into administration

Toyota denies Prius braking problem is a safety issue as recall crisis deepens

Merrill's John Thain lands new job

Branson: oil crunch by 2015

FSA warns against EU hedge fund plan

Google spends $5m on Super Bowl ad

Cost of insuring Europe's debt at new high





Daily Express

SKY caves in and sells a £200m stake in ITV

Tullow near to Ugandan buyout

BT broadband rivals set for pole position

Angloplat plan to cut record $2.9bn debt

Debt fears hit pound

Xstrata to pay up after 19-month break

Dividends down £10bn as firms conserve cash

EMI to record new cuts

Story provided by Business Financial Newswire