European equities closed lower on Friday as investors looked ahead to Sunday, when a referendum that could affect Greece's future in the euro zone will take place.» Read More
*Deal would be second investment trust in Hong Kong. *Cheung Kong/ Hutchison to hold under 30 pct of hotel trust. HONG KONG, Oct 12- Hong Kong tycoon Li Ka- shing's property firm Cheung Kong Ltd plans to list its extended stay hotel business in a deal that could raise up to $800 million, IFR reported on Friday, citing sources with knowledge of the plans.
Oct 12- The following table updates the assets and registered capital of banks in Vietnam, based on their latest published reports. Technological& Commercial Bank 12-11 180,531.2* 8,848. Petrolimex Group Bank 06-12 19,581.0 3,000.
*Cooper Tire shares jump as much as 11 pct By Sumeet Chatterjee and Sagarika Jaisinghani Oct 11- Indian tire manufacturer Apollo Tyres. Shares of Cooper Tire jumped as much as 11 percent to $20.76, valuing the company at $1.3 b illion.
Shares in Standard Chartered Bank Ghana inch up 0.09 cedis, or 0.22 percent, to 40.63 cedis on 850 shares traded, a day after the bank said it will offer a five-to-one stock split to investors holding shares prior to Nov. 9. 0900 GMT 11 Oct12- Village Main Reef ticks higher on production--------------------------------------------------------------.
*Cooper Tire shares jump as much as 11 pct. is in the process of acquiring a controlling stake in U.S.-based Cooper Tire& Rubber Co in a deal valued at between $600 million and $800 million, India's Economic Times reported. Shares of Cooper Tire jumped as much as 11 percent to $20.76, valuing the company at $1.3 b illion.
*Deal could be for $600 mln- $800 mln- India's Economic Times. *Cooper Tire shares jump as much as 11 pct. Shares of Cooper Tire, which had a market value of about $1.2 billion as of Wednesday's close, jumped as much as 11 percent on the New York Stock Exchange on Thursday, bringing the gain so far this year to about 45 percent.
DUBAI, Oct 11- Qatar International Islamic Bank. HSBC Holdings, Standard Chartered and QNB Capital, a unit of Qatar National Bank were mandated bookrunners on the deal. Last week, Qatar Islamic Bank sold $750 million in a five-year sukuk at 2.5 percent.
DUBAI, Oct 11- Qatar International Islamic Bank launched a $700 million sukuk on Thursday, arranging banks said, at the lower end of revised price guidance in a reflection of healthy demand for the deal. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow an issue from Qatar Islamic Bank.
DUBAI, Oct 11- Qatar International Islamic Bank will issue a $700 million sukuk on Thursday, arranging banks said, and has revised earlier price guidance in a reflection of healthy demand for the deal. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow an issue from Qatar Islamic Bank.
MUMBAI, Oct 11- Private equity arm of Standard Chartered Plc will invest $35 million in Indian visual entertainment services group Prime Focus Ltd at a maximum price of 53 rupees per share, the Indian firm said.
ISTANBUL, Oct 11- Turkey's Isbank said on Thursday it had mandated Deutsche Bank, JPMorgan, Mitsubishi UFJ Securities and Standard Chartered for investor meetings about a possible bond issue in Europe, the U.S. and Asia.
SINGAPORE, Oct 11- Religare Health Trust will raise S $511 million after pricing its initial public share offer in Singapore at S $0.90 a share, at the lower end of its indicative range, two sources with direct knowledge of the matter said on Wednesday.
*FPC member Jenkins says banks may need more capital* Industry says mixed messages on capital add to uncertainty* Lloyds shares up 4.5 pct, UK bank shares rise.
*Jonathan proposes $31.35 bln budget, 5 pct spending rise* Lawmakers want to inflate oil benchmark to $80/ barrel* Deficit falls 2.17 pct in proposal, assumes 6.5 pct growth By Camillus Eboh.
*Lawmakers want to inflate oil benchmark to $80/ barrel. ABUJA, Oct 10- Nigeria's President Goodluck Jonathan on Wednesday presented a 4.93 trillion naira budget to parliament for 2013, but lawmakers immediately disputed it, calling for a formula that would put less oil cash in the savings pot.
SINGAPORE, Oct 10- Dynasty Real Estate Investment Trust, which owns Chinese assets, on Wednesday filed the prospectus for what will be Singapore's first yuan-denominated initial public offering.
DUBAI, Oct 10- Qatar International Islamic Bank. HSBC, Standard Chartered and QNB Capital. QIIB's sukuk would follow a sukuk issue from Qatar Islamic Bank last week, which raised $750 million at a profit rate of 2.5 percent.
LONDON, Oct 10- Britain's financial regulator has relaxed capital and liquidity rules on banks in an effort to stimulate lending and boost the economy, lifting bank shares. The Financial Services Authority said on Wednesday the shift in policy was set out in the Bank of England's Financial Policy Committee in September, and banks were aware of the changes.
SINGAPORE, Oct 10- Commodities trader Trafigura said on Wednesday it has raised $1.24 billion via a syndicated revolving credit- and term-loan facility. The funds will be used for general corporate purposes, a company spokesperson said.
*Value of shipments lowest since December 2011. MANILA, Oct 10- The Philippine's annual exports fell by the most in eight months in August, casting doubt on the government's 2012 export growth goal and increasing the pressure on the central bank to ease policy further to support the trade-reliant economy.