| * Chinese trade with US surges in Q1 * Seoul on alert as N Korea moves missiles * Petrobras in venture talks with Batista * Fitch downgrades China's credit rating * Slovenia rules out bailout * Brazil group eyes IPO despite poor market * Vienna and Warsaw bourses hold deal talks * Venezuela goes after Polar Markets: up Chinese trade with US surges in Q1
Chinese trade with the US surged in the first quarter but fell with Europe, in further evidence of an uneven recovery in the global economy.
http://on.ft.com/XrfI6V Seoul on alert as N Korea moves missiles
South Korea has raised its surveillance of North Korea after the reclusive state moved one or more long-range missiles in readiness for a possible launch, Yonhap news agency reported on Wednesday.
http://on.ft.com/Yi6GL6 Petrobras in venture talks with Batista
Petrobras said on Tuesday it was exploring possible business ventures with companies controlled by Brazilian billionaire Eike Batista, raising the prospect of a bailout of the troubled oil and infrastructure group.
http://on.ft.com/ZCcj8O Fitch downgrades China's credit rating
China's sovereign credit rating has been cut by a major international agency for the first time since 1999 with Fitch raising concerns on Tuesday that the country's rising debt problems will require a government bailout.
http://www.ft.com/intl/cms/s/0/591224c8-a0ff-11e2-bae1-00144feabdc0.html Slovenia rules out bailout
Slovenia insisted on Tuesday that it could avoid an international bailout as the Organisation for Economic Co-operation and Development warned Ljubljana to tackle more rapidly a "severe banking crisis" whose costs it might have underestimated.
http://on.ft.com/ZLKpAe Brazil group eyes IPO despite poor market
Brazilian cement group Votorantim Cimentos has become the latest to join a queue of companies looking to launch initial public offerings in spite of a poorly performing market.
http://on.ft.com/10RgaJh Vienna and Warsaw bourses hold deal talks
The Vienna Stock Exchange and its Warsaw rival are in talks which could lead to a co-operation agreement or a merger, a move that would unite the two principal equities trading hubs in central and eastern Europe.
http://on.ft.com/Yi7AY4 Venezuela goes after Polar
On the whole, the Hugo Chávez years went well for Polar, Venezuela's biggest privately owned company, which did solid business despite all the president's radical socialist rhetoric.
http://on.ft.com/10RW0kN Emerging Markets
MSCI Emerging Market Index up +0.31% at 1,019 Americas
DJIA up +0.41% at 14,673
S&P 500 up +0.35% at 1,569
Bovespa up +1.49% at 55,912 Asia
Nikkei 225 up +0.77% at 13,294
Topix up +1.52% at 1,119
Hang Seng up +0.18% at 21,910
Shanghai Composite down -0.32% at 2,219
MSCI Asia ex-Japan up +0.42% at 531.09
S&P CNX Nifty Index up +0.06% at 5,498 Currencies
€/$ 1.31 (1.31)
$/¥ 99.00 (99.02) Commodities
Brent Crude (ICE) up +0.10 at 106.33
Light Crude (Nymex) down -0.30 at 93.90
100 Oz Gold (Comex) down -0.20 at 1,586 | 
