 | QFIB to list on QE by
year-end, says Marri
QATAR First Investment Bank
(QFIB) is likely to be listed on
Qatar Exchange (QE) by the end
of this year. The bank would also
re-adjust its authorised capital
from $1 billion (QR3.65 billion)
to $550 million (QR2 billion),
QFIB Chairman Abdulla ...
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| | Temasek, RRJ purchase half of
PetroChina unit´s $1.3bn offer |  SINGAPORE state investor
Temasek Holdings and private
equity firm RRJ Capital
bought nearly half of the
shares in the $1.34 billion
offering by PetroChina Co´s
unit Kunlun Energy Co Ltd,
two sources with direct
knowledge of the deal said on
Tuesday.
Temasek and RRJ, founded
by Malaysia-born dealmaker
Richard Ong, snapped up
$600 million worth of shares
in the deal, said the sources,
who were not authorised to
speak publicly on the matter.
More than 140 investors
bought into the company,
which is becoming a leading
player in China´s natural gas
sector, according to a term
sheet of the placement seen
by Reuters.
In recent years, Chinese oil
companies. | | | Greek refiner stops Iran oil buys |
 GREECE´S top refiner
Hellenic Petroleum has suspended
purchases of Iranian
crude in April as approaching
sanctions on Tehran have
made banking payments virtually
impossible, a senior
source at the firm said.
Greece´s financial difficulties
have made Athens reluctant
to reduce its purchases of
Iranian crude, which is cheap,
ahead of a EU-wide embargo
that is due to come into force
on July 1.
But the source at the
refiner, who asked not to be
named because of the sensitivity
of the issue, said no
European Union banks were
willing to handle the business
any more, forcing it to
suspend buying this month.
"We were using a Turkish
bank all the time ... | | | Spain´s debt set to touch
22-year high; joblessness up |
 SPAIN´S debt levels will jump
to their highest since at least
1990 this year as the economy
sinks into recession and borrowing
costs rise.
The rising debt levels add to
a gloomy outlook for the
Spanish economy, which is
suffering as the government
cuts spending in an effort to
improve its finances and meet
a strict European Union
deficit goal next year.
Spain´s debt-to-gross
domestic product ratio will
soar to 79.8 percent in 2012,
from 68.5 percent last year,
the government said in its
budget presentation on
Tuesday, just after data
showed another rise in the
number of unemployed.
The budget aims to save
27 billion euros ($35.91 billion),
on top of ... | |
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