Thursday newspaper round-up: Greece, Chinese margin rules, General Electric

Michael Fuchs, a close ally of German Chancellor Angela Merkel, dismissed Greece’s latest bailout proposal and said Germany would not “pour money” into a government that refused to change, The Telegraph reports.

“China’s securities regulator has moved to curb downward pressure on the country’s tumbling stock market by relaxing collateral rules on margin loans, in a bid to prevent a vicious cycle of price falls and forced selling,” the Financial Times writes.

The Department of Justice is looking to block General Electric’s proposed $3.3bn sale of its appliance business to Electrolux, according to The Wall Street Journal.

Facebook is to trial sharing advertising revenues with video creators who publish on the social network, matching the revenue split offered by YouTube, writes the Financial Times.

The bosses of government-controlled Fannie Mae and Freddie Mac are to receive annual salaries of $4m each after a ruling by the Federal Housing Finance Agency regulator, The Wall Street Journal writes. Their pay had previously been capped at $600,000.

The US government is investigating possible collusion between US airlines to limit available seats, keeping ticket prices elevated, The Telegraph writes.

Drinks giant Diageo has sold the Scottish golf resort, Gleneagles Hotel, to Ennismore which owns two Hoxton-branded hotels in London and another in Amsterdam, says The Guardian.

Simon Davies, managing partner at law firm Linklaters, is to join Lloyds Banking Group in a newly-created role as chief people, legal and strategy officer, The Times reports.