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What The Papers Say - Financial Times

ISRAEL TO CEASE PALESTINIAN ATTACKS

Israel yesterday responded to intense US and European pressure by agreeing to stop offensive military actions against the Palestinians, removing a potential obstacle to the creation of a US-led international coalition against terrorism.

BANK CUTS RATE BY QUARTER POINT TO 37-YEAR LOW

The Bank of England joined the global wave of interest rate cuts yesterday - later and by less than almost all the others.

US PLEDGES TO MOVE FAST ON AIRLINE AID

The Bush administration yesterday promised to move quickly on a multibillion-dollar emergency package for US airlines, after the industry warned that bankruptcies could follow last week's terrorist attacks.

INTERBREW ORDERED TO SELL CARLING

The government yesterday ordered Interbrew to sell Carling, the UK's biggest selling beer, to allay competition fears following its purchase of Bass Brewers for £2.3bn last year.

STRATEGISTS SPLIT ON OUTLOOK FOR WORLD ECONOMY

Financial strategists are struggling to make sense of the outlook for global economies and asset markets in the wake of last week's terrorist attacks on the US.

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