As the Fed meets and earnings news rains down, the big question in the week ahead is whether the S&P 500 can manage a break out.» 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.
HONG KONG, Oct 12- The chief executive and chairman of Sany Heavy Equipment International have resigned, the Chinese company said on Friday, as the construction industry grapples with a slowdown in the world's second largest economy.
*Worries persist over whether Spain will request aid. NEW YORK, Oct 12- U.S. Worries on whether Spain will ask for a full-blown bailout to help its struggling economy stoked safety bids for Treasuries, while the Federal Reserve's latest bond purchase added to gains in longer-dated debt, analysts said.
NEW YORK, Oct 12- U.S. consumer sentiment unexpectedly rose to its highest in five years in October in the latest in a string of encouraging signs from the economy that may boost President Obama' s reelection hopes as voters go to the polls next month.
By Daniel Bases and Sam Forgione. NEW YORK, Oct. 11- U.S.-domiciled equity funds pulled in a modest $1 billion in the week ended Oct. 10, with much of the fresh cash moving into gold and energy exchange-traded funds, data from Thomson Reuters' Lipper service showed on Thursday. At the same time the broad-based equity ETFs such as State Street's SPDR S&P 500 ETF fund.
Oct 11- Dignity Health on Thursday sold $600 million of series 2012 taxable bonds in two parts, said IFR, a Thomson Reuters service.
NEW YORK, Oct 11- U.S. municipal bond funds posted nearly $915 million of net inflows in the week ended Oct. 10, up sharply from $553 million of inflows in the previous week, according to data released by Lipper on Thursday. The four-week moving average was positive at $579 million, said Lipper, a unit of Thomson Reuters.
*USDA hikes global ending stocks for 3rd month. NEW YORK, Oct 11- Cotton futures in New York fell their most in three weeks on Thursday after the U.S. Department of Agriculture raised its 2012/ 13 global ending stocks forecast for the fiber to a record high for a third consecutive month.
WHAT: Labor Department Producer Price Index, September. That sizable one-month jump, however, would see the y/y growth rate in headline prices recede from +2.0% to +1.8%, as even faster growth from September 2011 drops out of the comparison.
Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Challenges to Economic Growth" before students, faculty, and business leaders at the University of Virginia, Charlottesville, Virginia, 12:35 p.m.. Labor Department releases the September Producer Price Index, 8:30 a.m..
Oct 11- ERAC USA Finance LLC sold $1 billion of notes in three parts in the 144 a private placement market On Wednesday, said IFR, a Thomson Reuters service. Bank of America Merrill Lynch, Goldman Sachs and Wells Fargo were the joint active bookrunning managers for the sale.
Oct 11- PPL Capital Funding Inc. Wednesday sold $400 million of senior notes, said IFR, a Thomson Reuters service. Morgan Stanley, Mitsubishi, RBC and Wells Fargo were the joint bookrunning managers for the sale.
Oct 11- Mizuho Corporate Bank Ltd. ,on Wednesday sold $2.5 billion of senior unsecured bonds in two parts in the 144 a private placement market, said IFR, a Thomson Reuters service. Mizuho, Bank of America Merrill Lynch, Goldman Sachs and J.P. Morgan were the joint active bookrunning managers for the sale.
on Wednesday sold $550 million of senior subordinated notes in the 144 a private placement market, said IFR, a Thomson Reuters service. The size of the deal was increased from the originally planned $500 million. UBS, Credit Suisse, Citigroup and Morgan Stanley were the joint bookrunning managers for the sale.
Oct 11- Canada's main stock index looked set to open higher on Thursday, on expectations that Spain would be pressured to seek a sovereign bailout after S&P downgraded it to just one notch above junk. *The IMF backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.
*Suzlon sought to extend maturity of over $200 mln bonds by four months. By Tony Munroe and Sumeet Chatterjee MUMBAI, Oct 11- India's Suzlon Energy Ltd. A total of $1.3 billion of convertible bonds are expected to come up for redemption in the October-December quarter, brokerage Kotak Securities said in a report last month.
Oct 11- Shares in India's Kingfisher Airlines, grounded since the start of the month, rose as much as 4.8 percent, after data showed a series of block deals on Thursday. About 2.6 million Kingfisher shares changed hands on the Bombay Stock Exchange, minutes before the close of the market trade, Thomson Reuters data showed.
SINGAPORE, Oct 11- Bosses of Singapore- listed companies are taking their firms private to take advantage of beaten-down prices and cheap financing, more than trebling management buyout deals in the island-state to $10.9 billion compared with the whole of 2011..
Oct 11- Jaguar Holdings Company I on Wednesday sold $525 million of senior PIK toggle notes in the 144 a private placement market, said IFR, a Thomson Reuters service. The size of the deal was increased from the originally planned $500 million. J.P. Morgan, Credit Suisse, UBS, Deutsche Bank and Goldman Sachs were the joint bookrunning managers for the sale.
With Europe moving back into recession and trade having retreated a bit, import prices should provide little inflation threat. Oil is unlikely to make any significant breaks upward with headwinds to demand still fierce in the U.S. and Europe. " IFR COMMENTARY: "We look for the trade deficit to have come back up from $42.0 bln to about $44.5 bln in August.