Germany would use the Group of 20 forum of global leaders topush for tougher financial market regulation Merkel told aparty

Germany would use the Group of 20 forum of global leaders topush for tougher financial market regulation, Merkel told aparty convention of the Christian Social Union (CSU), theBavarian sister party of her Christian Democrats (CDU). "With us, dear friends, Wall Street or the City of Londonwon't dictate again how money should be made only to let otherspick up the bill," she said in an impassioned speech to theconvention in Nuremberg. Merkel was seeking to patch up relations with the CSU aftera testy week during with she has fought with the Bavarianparty's leader on Europe and tax cuts. She needs the CSU forpower as the two parties form a parliamentary bloc. Her comments follow criticism of Britain by Germany'sfinance minister, Peer Steinbrueck.

Earlier this month, Steinbrueck accused Britain of hinderingefforts to reform global financial markets because it is tooeager to pander to the City of London. Last year, he took aim atBritain's economic policy, antagonising London. World leaders agreed at a summit in London in April, hostedby British Prime Minister Gordon Brown, to tighten rules onfinancial supervision (Writing by Paul Carrel; Editing by Ron Askew). JOHANNESBURG, July 17 (Reuters) - Independent News & Media's (INME.I) South African newspaper business is not for sale, the head of the local unit said on Friday, responding to a report that local rivals had expressed interest in buying it."The South African company is a business that is trading well None of the assets are for sale now. None are for sale full-stop," Tony Howard, Chief Executive of Independent Newspapers South Africa, told Reuters.

The Mail & Guardian newspaper reported on Friday that South Africa's Avusa (AVUJ.J) and Caxton and CTP Publishers and Printers (CATJ.J) had expressed interest in buying the South African business. Independent Newspapers is South Africa's biggest newspaper publisher with major titles such as The Star in Johannesburg and the Cape Argus. No one at either Caxton or Avusa could immediately be reached for comment. The Dublin-based publisher of the UK Independent, which has built up a debt pile of 1.4 billion euros through overseas expansion, has been hit hard by a collapse in advertising as the world economy reels from recession. Last month it cut its operating profit guidance for 2009 and said it was hopeful of averting a "sobering" default on a 200 million euro bond, which was originally due for repayment in May and extended until July 24. It is planning to raise funds by selling assets, including its South Africa outdoor advertising business, and has said it will hold a deeply discounted rights offer to help raise cash. The South African unit generated revenues of 212.5 million euros in the 2008 financial year, and boosted operating profit by 22 percent to 72.2 million, representing about a quarter of group total, according to the company's website.