Manpreet Gill, Senior Investment Strategist at Standard Chartered, explains why he favors European equities.» Read More
Oct 8- Chemicals maker TPC Group Inc on Monday said it received a buyout proposal from Innospec Inc. Private equity firms First Reserve Corp and SK Capital Partners in August had offered $627.2 million to acquire TPC. Innospec, a specialty chemical maker, could offer $44 to $46 per share in cash, TPC said in a statement on Monday.
NEW DELHI, Oct 8- Reliance Industries' key gas producing fields off India's east coast could be exhausted in five years, Morgan Stanley analysts said in a report. The researchers' findings are based on estimates by block D6 partner Niko Resources that total proved plus probable reserves at the block had decreased to 1.93 trillion cubic feet as of March 31.
Oct 8- Database management software maker Progress Software Corp said Chief Executive Jay Bhatt will step down and that it could not reaffirm its fourth-quarter sales forecast. Progress Software said it may see some slippage in revenue growth in the fiscal fourth quarter in light of the CEO transition.
U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits ahead of the upcoming earnings season. **INNOSPEC INC, Friday close $34.35.
Oct 8- Chemicals maker TPC Group Inc said it received a buyout proposal from Innospec Inc, valuing the company at up to $721 million, topping an offer made by private equity firms First Reserve Corp and SK Capital Partners. Specialty chemicals company Innospec could offer $44 to $46 per share in cash, TPC said in a statement on Monday.
MUMBAI, Oct 8- Indian companies directly invested $1.4 billion overseas in September, lower than $1.9 billion a month ago, data from the central bank showed on Monday.
NEW DELHI, Oct 8- An Indian ministerial panel recommended that the fees paid in 2008 by those telecom operators set to lose their permits after a Supreme Court order be adjusted against the price in an upcoming auction or be refunded, senior government officials said.
Oct 8- Chemicals maker TPC Group Inc said it received a buyout proposal from Innospec Inc for $721.3 million, topping an offer made by private equity firms First Reserve Corp and SK Capital Partners. Specialty chemicals company Innospec would pursue a deal for an all-cash price of $44 to $46 per share, TPC said in a statement on Monday.
*Petronet may join GAIL if it gets Repsol's LNG assets. NEW DELHI, Oct 8- India's Petronet LNG has allowed gas firm GAIL to use annually 2.5 million tonnes capacity at Petronet's liquefied natural gas plant at Dahej in western India for importing the fuel, its chief executive A. K. Balyan said on Monday.
U.S. stock index futures fell on Monday after the World Bank cut its growth forecasts for East Asia, highlighting concerns about the global economic climate and corporate profits ahead of the upcoming earnings season. **UNITEDHEALTH GROUP INC, Friday close $57.13.
NEW DELHI, Oct 8- India expects to raise at least 270 billion rupees by charging mobile phone carriers a fee for their existing second-generation airwave holdings based on a price to be determined by an upcoming auction, senior government sources said on Monday.
SINGAPORE, Oct 5- Asia's fuel oil market plunged further on Monday, with the prompt inter-month spread sinking to its lowest in nearly two years amid abundant supply of the 180- centistoke fuel oil. Sri Lankan refiner Ceylon Petroleum Corp has emerged in the spot market to seek 20,000 tonnes of high sulphur fuel oil and 20,000 tonnes of low sulphur fuel oil.
MUMBAI, Oct 8- India's main stock index fell for a second straight session on Monday, marking its biggest daily fall since July 27, as profit-taking, coupled with business outlook concerns, hit recent outperformers such as Reliance Industries.
Oct 8- Gannett Co Inc and Dish Network Corp have agreed to extend by several hours their deadline to reach a deal over the satellite TV provider's commercial-skipping digital video recorder. Gannett had earlier set a midnight, Oct. 7 deadline for negotiations with Dish and said that an agreement was possible.
NEW YORK, Oct 8- At 68, Barbara Miller Elegbede is living proof that flower children need not grow up. A self-described hippie, she attended a San Francisco college at psychedelia's height and remembers friends constantly crashing on the couch of her apartment, just a block away from Janis Joplin's pad in the hip Castro neighborhood.
Morgan Stanley's Qatar head Khalid al-Subeai resigned last week to join the investment banking division of unlisted Barwa Bank, while Goldman's Qatar Chief Executive Tamim al-Kawari has joined investment bank QInvest, part-owned by Qatar Islamic Bank, as deputy CEO, according to several sources aware of the matter.
SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.
MUMBAI, Oct 8- U.S. private equity firm Blackstone Group has paid $100 million for a 12.5 percent stake in India's International Tractors Ltd, it said on Monday, in a bet on the modernisation of India's farms.
MUMBAI, Oct 8- Indian shares fell for a second consecutive session on Monday, as investors booked profits after a powerful rally that sent indexes to their highest since mid-2011 last week, with caution also growing ahead of corporate earnings result announcements.
MUMBAI, Oct 8- Private equity arm of Standard Chartered Plc has invested $32 million in India's Varun Beverages, which is the largest bottler for PepsiCo Inc in South Asia, the companies said in a joint statement. The funds would be used to buy out PepsiCo's minority stake in Varun Beverages' subsidiary, the statement said.