... * Glencore to cut 500,000 tonnes of annual zinc production. * Markets relieved that Fed seen hold off raising rates (Recasts, adds comment/detail, updates prices, changes dateline).
The UK government has decided to convert part of its stake in Royal Bank of Scotland from non-voting B shares into ordinary shares to make them easier to sell, part of its push to privatise the state-backed banks.
SINGAPORE/LONDON Standard Chartered's (STAN.L) new Chief Executive Bill Winters plans to cut up to a quarter of the bank's most senior staff to reduce costs, according to a memo sent to staff, a move likely to result in the loss of around 1,000 top jobs.
Lima: Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.
Bookmaker Ladbrokes said it had signed a �1.35 billion (€1.8 billion) facility with banks to fund its proposed merger with Gala Coral.