UK Today Editoweb 28 october 2008

With rate cut likely, analysts ponder how low Fed will go

How low will the Fed go? As the Federal Reserve opened a two-day meeting Tuesday, financial markets were banking on a half-point cut in the federal funds target to bring the rate to 1.0 percent, matching the lows of 2003 and 2004.

New EU trade chief warns against protectionism

Europe's new trade chief warned governments on Tuesday against resorting to protectionism in the face of the current financial crisis which she said would only delay economic recovery.

Brown says problems seen in east Europe

Prime Minister Gordon Brown said on Tuesday his first priority on the global financial crisis was to prevent problems spreading to eastern Europe.

HBOS unit says will not join Irish guarantee

HBOS's Irish unit will not join Ireland's bank guarantee scheme as it is not in its customers' interests, the bank said on Tuesday.

Google to pay 80 million pounds in online books settlement

Google Inc has reached a legal settlement with authors and major publishers that paves the way for readers to search through millions of copyrighted books online, browse passages and purchase copies.

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