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Stock futures rise on General Mills ahead of Fed

U.S. stock index futures pointed to a slightly higher open on Wednesday, ahead of a Federal Reserve policy statement and following results by food company General Mills Inc, which beat profit estimates.
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UBS cuts jobs at U.S. wealth arm: sources

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
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Wynn puts focus on gaming ahead of Macau IPO

Forget the shows, buffets, show girls and cigar bars. As it prepares for a $1.6 billion initial public offering for its casino operations in the Chinese gambling enclave of Macau, U.S. gaming giant Wynn Resorts has figured out what Asian punters want and is giving them plenty of it: Good old-fashioned gambling.
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UBS cuts jobs at U.S. wealth arm-sources

Swiss bank UBS AG, which suffered massive client withdrawals after a high-profile U.S. tax fraud probe, has cut around 200 jobs at its U.S. wealth management arm, sources familiar with the matter told Reuters.
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Europe orders more Airbus sensor checks

European safety officials have ordered checks on certain Airbus speed sensors supplied by U.S. manufacturer Goodrich, weeks after clamping down on alternative equipment from France's Thales.
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Moody's accused of issuing inflated ratings: report

A former analyst with Moody's Corp has accused the credit ratings agency of issuing inflated ratings, and has taken his concerns to U.S. congressional investigators, the Wall Street Journal reported on Wednesday.
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Stock futures signal flat to higher start, Fed eyed

Stock futures pointed to a flat to higher start for Wall Street on Wednesday ahead of the Federal Reserve's interest rate decision, with Dow Jones futures up 0.2 percent, S&P 500 futures up 0.3 percent and Nasdaq futures flat at 4:15 a.m. EDT.
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Oil steadies below $72, weak dollar supports

Oil steadied at below $72 a barrel on Wednesday, after rising more than 2 percent in the previous session, as a bearish industry report showing a surprise build in U.S. crude oil stockpiles was offset by further weakness in the dollar.
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Nonresidential building index at 3-month low

A leading indicator of U.S. nonresidential construction spending dropped to its lowest level in three months in August as developers continued to find it tough to finance new projects.
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Asia stocks at 13-month high

The dollar slid to a one-year low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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Dollar hits 13-month low, Asia stocks push higher

The dollar slid to a 13-month low against a basket of currencies as market players seized on surprisingly strong New Zealand economic growth data as a reason to push the kiwi dollar higher and dump the U.S. currency.
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G20 Support builds for rebalancing world economy

Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold.
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Mexico's Cemex seals $1.8 bln share offer

Mexico's Cemex, the world's No. 3 cement maker, sealed a $1.8 billion share offer on strong demand on Tuesday in a sign of investor optimism in the debt-laden company's recovery.
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Obama star power faces new test at U.N meeting

U.S. President Barack Obama makes his United Nations debut on Wednesday, hoping his international star power can throw new muscle behind a policy agenda that is already struggling to deliver.
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Oil falls towards $71 after bearish API oil stocks data

Oil fell toward $71 a barrel on Wednesday, giving up some of its previous session gains of 2 percent, as an industry report showing a surprise build in U.S. crude oil stockpiles again stoked concerns over demand revival.
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Futures Market Summary - 22 Sept

US TREASURIES rebounded slightly on Tuesday after strong demand from the US 2 year note auction offered support to the government securities complex. Overall trading was quiet ahead of Wednesday's FOMC meeting announcement and $40 billion US 5 year note auction. Traders are expected to be watching auctions further out on the yield curve with greater scrutiny.

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