*Bair renews backing for ideas like ending $1 per share. *Fund firms seek compromise for oversight of $2.5 trillion industry.
DUBAI, Nov 1- The United Arab Emirates' Dana Gas failed to repay a $920 million Islamic bond on maturity, prompting a source close to holders of the bond to say they will stake claim to the natural gas producer's extensive Egyptian assets.
*Dana Gas' $920 mln convertible Islamic bond matures Oct. 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail to pay an Islamic bond on maturity, three sources familiar with the matter said on Tuesday, sending its stock and bond prices sharply lower.
*Dana Gas' $920 mln convertible Islamic bond matures Oct 31. DUBAI, Oct 30- Dana Gas is set to become the first United Arab Emirates company to fail payment of an Islamic bond on maturity, three sources familiar with the matter told Reuters on Tuesday.
DUBAI, Oct 30- Dana Gas, the United Arab Emirates' largest listed natural gas firm, will not repay a $920 million convertible Islamic bond when it matures on Wednesday and has reached a standstill agreement with bondholders, three sources familiar with the matter told Reuters.
SINGAPORE, Oct 30- Iron ore prices may drop nearly 10 percent over the next three years as top consumer China's economic growth shifts to a slower gear, threatening to squeeze profits at global miners Vale, Rio Tinto and BHP Billiton, a Reuters poll showed.
*MSCI Asia ex- Japan inches up 0.1 pct. TOKYO, Oct 30- Asian shares rose modestly but momentum was curbed by a giant, powerful storm that will keep U.S. markets shut, while the dollar slid to an intraday low against the yen after the Bank of Japan unveiled further easing steps.
SINGAPORE, Oct 30- London copper rebounded on Tuesday from a near two-month low hit the session before with consumers attracted by the lower prices, although global growth worries are likely to cap gains in trade thinned by a hurricane in the United States.
LONDON, Oct 29- The departure of Anglo American's chief executive has revived talk of radical ways for the miner to boost its flagging share price, even going as far as a break-up of the group.
Listless markets are responding to the increasing possibility that U.S. lawmakers will not prevent a tumble down the “fiscal cliff,” BlackRock CEO Larry Fink told CNBC on Friday.
NEW YORK, Oct 25- The so-called fiscal cliff of automatic spending cuts and tax rises set to occur on Jan. 1 if Congress fails to act before then will be the most important issue facing the next U.S. president after the election, BlackRock Chief Executive Laurence Fink said on Thursday, citing a ``very strong risk'' of another U.S. ratings downgrade.
`` Spain is my favourite because we've got all sorts of hedges,'' said Elke Speidel-Walz, chief investment strategist for Germany at Deutsche Bank Private Wealth Management. ``This means the risk return is best in Spain.''.
With choppy markets and uncertainty about the future, Americans are parking their retirement savings in cash instead of looking for opportunities to earn income, Robert Kapito, BlackRock president and founder, told CNBC’s "Power Lunch" on Monday.
Among the earnings stories for Wednesday, Oct. 17, from The Associated Press:. _ U.S. Bancorp's net income leapt 14 percent in the third quarter as the regional bank made more loans to companies and people seeking mortgages. _ Northern Trust Corp. said its third-quarter net income rose 5 percent due to higher fees from clients for managing their money.
NEW YORK-- BlackRock Inc. said Wednesday that its third-quarter net income rose 7.9 percent, boosted by an influx of investor cash into its low-cost iShares exchange-traded funds.
PITTSBURGH-- The PNC Financial Services Group Inc.' s net income rose solidly in the third quarter, boosted by a one-time gain from a sale of Visa shares and higher fees from corporate clients. The bank's income from interest on loans increased, bucking an industry-wide trend, because PNC acquired RBC Bank since last year's third quarter.
BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.
MOSCOW, Oct 12- Russian private healthcare company MD Medical Group's London share listing made a smooth start on Friday, with the global depositary receipts trading at a 2 percent premium to their issue price of $12.
By Maytaal Angel and Clara Ferreira-Marques. LONDON, Oct 12- Mining firms, already cutting back after years of rising costs, could do more to tighten their belts and should use the proceeds to increase payouts to yield-hungry investors, BlackRock, the world's largest fund manager said on Friday.