Wednesday Papers: Fed tilts to more monetary easing - other news

Financial Times

* Minutes from the Federal Reserve’s latest meeting have revealed that officials were nearing an agreement on the need for additional monetary stimulus; a decision could come as early as the next meeting of the FOMC on 3 November.

* A renewed plunge in property prices in Japan has fuelled expectations of a new era of distressed asset fire sales.

* The Obama administration lifted its moratorium on deepwater drilling ahead of schedule, saying new environmental and safety regulations had significantly reduced the risks of a big accident.

* Google said it will join forces with Good Energies and Japan’s Marubeni Corporation to make a large-scale investment to harness offshore wind power.

* The latest UK inflation figures on Tuesday showed the consumer prices index running at 3.1% in September, against 4.6% for the retail prices index.

* The Office for National Statistics reported that the UK deficit in trade in goods globally narrowed to £8.2 billion in August, down from £8.7 billion in July.

The Times

* Alan Yentob, the BBC’s creative director, is understood to be on the verge of leaving the corporation as part of a wholesale shake-up of the senior management team.

* UK property prices rose by 0.7% in August after a falling 0.3% in July, data from the Department for Communities and Local Government showed.

* Nationwide's gauge of UK consumer sentiment fell from 62 to 53, the lowest level in more than a year.

* Germany’s consumer price inflation for September was confirmed at 1.3% by the Federal Statistics Office, up from 1% in August.