MARKETS / FINANCE

Glencore International on Wednesday unveiled details of an initial public offering in which it will look to raise as much as $11 billion.

S&P index futures cut earlier losses to turn flat on Wednesday as acquisition activity helped to offset weaker-than-expected ADP employment data.

U.S. stocks opened little changed on Wednesday as investors weighed a fresh round of proposed acquisitions against a weaker-than-expected employment report.

The rich keep getting richer, both here in the United States and especially in the world's emerging markets.

China's roaring economy will slow a touch this year, with inflation staying stubbornly above the government's 4 percent target, arguing for monetary policy to tighten further, a Reuters poll showed.

U.S. stock index futures edged lower on Wednesday as investors awaited data on the services industry and labor market for insight into the health of the economic recovery.

The number of planned layoffs at U.S. firms fell in April to the lowest monthly amount for the year so far and were outpaced by a rise in plans to hire, a report on Wednesday showed.

BNP Paribas, France's biggest listed bank, beat first-quarter forecasts, driven by strong retail growth and resilient investment banking that bolstered investor confidence and set a high bar for rivals.

Top commodity trader Glencore sought a strong debut for this month's share offering, capping planned proceeds at $11 billion and placing 31 percent with key investors led by Abu Dhabi.

U.S. stock index futures edged lower on Wednesday as investors awaited data on the services industry and labor market for insight into the health of the economic recovery.

Portugal's main opposition party met European and IMF officials on Wednesday and said they would consider whether to back a 78-billion-euro bailout after a source said the terms would propel the economy into two years of recession.

BNP Paribas , France's biggest listed bank, beat forecasts for first-quarter revenue and earnings, driven by strong retail growth and resilient investment banking that bolstered investor confidence.

Conditions attached to a 78 billion euros bailout of Portugal's debt-ridden economy are likely to propel it into a deep recession for two years, an official source said on Wednesday.

Portugal reached a deal with the European Union and the IMF Tuesday on a 78 billion euro 3-year bailout, the third euro zone member to do so after Greece and Ireland, caretaker Prime Minister Jose Socrates said.

BNP Paribas, France's biggest listed bank, beat forecasts for first-quarter revenue and earnings, driven by strong retail growth and resilient investment banking.

Standard Chartered Plc said it had cut 800 jobs this year to restrain rising costs after making record first quarter profits and revenue on the back of strong Asian markets like India and Hong Kong.

World stocks fell further from last week's three-year high on Wednesday as falling commodity prices and concerns about signs of economic slowdown in China prompted investors to scale back their risky positions.

France's biggest listed bank, BNP Paribas , posted higher-than-forecast first-quarter revenue and earnings on Wednesday, driven by strong retail growth and resilient investment banking.

Standard Chartered said it has had an excellent start to the year as key Asian markets lifted income by over 10 percent, although costs rose at a faster rate after a hiring spree last year.

Commodities trading house Glencore has priced its long-awaited public offering at between 480 and 580 pence per share, valuing the company at $60 billion at the mid-point of the price range.

Asian shares fell on Wednesday, led by Chinese markets, with soft commodity prices making investors nervous a broader pullback in risk taking may be unfolding.

Glencore International AG has set the price range for its London and Hong Kong IPO, seeking to raise as much as $12.6 billion, including an overallotment option, three sources told Reuters on Wednesday.

Glencore International AG has set the price range for its London and Hong Kong IPO slightly lower than previous guidance, enabling it to raise up to $10 billion, three sources told Reuters on Wednesday.

The biggest U.S. wireless carriers, AT&T Inc, Verizon Wireless and T-Mobile USA, are not setting up a separate network for payments on transactions done by phones, the Wall Street Journal said.

Asian shares fell and the U.S. dollar rose on Wednesday, with falling commodity prices spooking investors and causing a broad pullback in risk taking.

Software maker Novell Inc can proceed with a long-running antitrust lawsuit against Microsoft Corp after an appeals court reversed a lower court's summary judgment in favor of Microsoft.

A unit of bailed-out insurer American International Group must pay $86.7 million to a U.S.-based unit of a Belgian bank over a dispute involving an investor in life insurance policies, the Wall Street Journal reported.

Sony has hired outside investigators to help clean its networks and catch the people behind a massive breach that exposed the personal data of more than 100 million video game users.

An appeals court on Tuesday denied a bid for bail by a former Goldman Sachs Group Inc programer sentenced to eight years in prison for stealing part of the bank's high-frequency trading code.