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Detailed text transcripts for TV channel - CNN - 20110524:08:39:00

Whether glencore can keep its magic but shake its image. reporter: the share interest, in an issue public offering. glencore has been the talk of investors for months. the offering of shares at 8.60, values a 37-year-old commodity producer and trader at $59.3 billion. today in london, it becomes only the third company to join the ft-100 share index on the first day of trading. though the price has fluctuated since unconditional trading began last week, demand has been extraordinary for the biggest ipo since general motors re-entered the stock market last november. it s certainly exciting that glencore s coming to market, that they have to become less secretive. there s only a few global trading houses like this on the planet. reporter: before having to open the books ahead of this ipo ....

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CNNW World Business Today May 24, 2011



canceled flights in scotland and northern england. mr. obama will be visiting buckingham palace where he ll spend two nights. the president left ireland for the uk ahead of schedule last night due to that cloud of volcanic ash. in the u.s., the tornado that blew through missouri has claimed 116 lives and left a trail of destruction. the u.s. national weather service says it was the most deadly tornado in more than 60 years. those are the headlines, i m zain vergee at cnn in london. world business today starts now. good morning from cnn london, i m charles hodson. and good afternoon from cnn hong kong. i m andrew stevens. you re watching world business today. the top stories on tuesday, may 24th, under the weather, travel trouble looms as volcanic ash blows towards europe. meanwhile, investors on the continent have caught debt contagent fever. the scramble in the cockpit to save the airliner. they don t have ability to go anywhere. they don t have abili ....

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