Glencore IPO
Glencore CEO Ivan Glasenberg told the FT yesterday in an interview that the launch of a $10 billion IPO by the Lon don-based global com modities trader was “im minent.”
O&M China
WPP’s Ogilvy & Mather is launching a new China practice in an attempt to grab more advertising dol lars from Chinese compa nies expanding overseas, the agency’s top executive told WSJ.com.
Job yuan
China’s first quarterly trade deficit in seven years may ease pressure on the world’s biggest exporter to allow faster appreciation of the yuan. The $1.02 bil lion deficit compares with a year-earlier surplus of $13.9 billion.
Buck chuck
The world economy needs a new global re serve currency to help prevent trade imbalances that are reflected in the national debt of the US, said Nobel-prize winning economist Joseph Stiglitz.
Gas pain
The average price — no, this isn’t a misprint — of a gallon of regular gas is $3.76, up 19 cents over the past three weeks, according to a national survey by analyst Trilby Lundberg. Last year on April 10 it was $2.85.