TOPWRAP 6-China cuts rates, Fed and others to follow

Newswire

* China eases rates 0.27 pct point, effective Thursday * Fed set to cut by at least 1/2 point, Norway to move too * Bank of Japan considering rate cut - source * IMF, EU agree $25.1 bln rescue package for Hungary * European shares up 5.4 pct, Wall St set for modest rise (For full crisis coverage, double click on [nCRISIS]) By Elizabeth Piper LONDON, Oct 29 (Reuters) - China cut its interest rate for the third time in six weeks on Wednesday, a measure the United States, Japan ...

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