PRESS DIGEST-Financial Times - October 28

Oct 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- UK seeks 'steel alliance' with US and EU to tackle Chinese oversupply

- UK to stop disclosing identity of stock market short sellers

- Tom Hayes sues former employer UBS for $400 million

Overview

- The British government is looking to build a three-way "steel alliance" with the U.S. and the EU in order to protect their industries from a glut of the metal caused by global overproduction, the British minister for trade has said.

- Britain's Financial Conduct Authority will announce new rules under which short sellers will no longer have their identities disclosed in public.

- Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS UBSG.S for more than $400 million, saying the Swiss bank cast him as the "evil mastermind" of the scandal to shield itself.