Secretary-GeneralBan Ki-moon told a meeting of more than 500 business leaders The smart money
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Secretary-GeneralBan Ki-moon told a meeting of more than 500 business leaders "The smart money is on the green economy," he said. "If we are talking about credits then let us help syndicatethe corresponding money for the Ukrainian state But thisshould not be only Russia doing this. At the end of the day, itis not us who have problems with paying," Medvedev said. A Russian government source said on Thursday that Russiaand Ukraine were on the verge of a new gas dispute.[ID:nLL5733] (Reporting by Oleg Shchedrov, writing by Guy Faulconbridge) Stocks Bonds Russia. MUMBAI, May 22 (Reuters) - Standard Chartered Plc (STAN.L)is examining the possibility of an India listing but nodecision has been taken yet, the chief executive of its Indianoperations said on Friday. "I sincerely hope so," Neeraj Swaroop said when askedwhether the British bank would be the first to issue an IndiaDepositary Receipt.
But no timeline had been fixed, he told reporters at afinancial conference.Last month, banking sources said Standard Chartered hadhired banks for a possible India listing. [ID:nBOM331035] (Reporting by Narayanan Somasundaram; Editing by John Mair). * Says discussions at early stage * Still mulling equity raising, further asset sales (adds details, background) LONDON, May 22 (Reuters) - Industrial property landlordBrixton BXTN.L said on Friday it was in takeover talks with asmall number of potential suitors, fuelling investor hopes awhite-knight may swoop to soothe its escalating debt problems. Brixton, which owns large chunks of industrial and logisticsproperty around London's Heathrow Airport, described thediscussions as at a "very early stage" and said there could beno certainty an offer would result.
Like most of its listed peers, Brixton has been hit hard byan intense UK property correction, which has so far wiped morethan 40 percent of average commercial real estate values sinceJune 2007. The majority of property companies including British Land(BLND.L), Land Securities (LAND.L) and Liberty International(LII.L) have conducted hefty share sales to raise funds toreduce pressure on loan-to-value covenants. Brixton is yet to tap shareholders for new funds, preferringinstead to sell assets to reduce its debt burden. Following a review of advice received in relation toBrixton's unsecured bonds, Brixton said its gearing covenantswill be tested on the basis of the net assets published in thehalf-year results. It said it remained focused on mitigating the risk of anycovenant breach and continues to review options to provideadditional financial flexibility.
These options include arestructuring of the company's debt arrangements, a potentialequity raising and further asset disposals. (Reporting by Sinead Cruise) (See for the global service forreal estate professionals from Reuters). * SK Group confirms SK Tel, Hana JV talks * Hana shares down after 5-session winning streak * SK Telecom shares flat in weaker broader market (Recasts with SK Group comment, background)) SEOUL, May 22 (Reuters) - SK Telecom (017670.KS), SouthKorea's biggest mobile carrier, is in negotiations to buy a stakein a credit card unit set to be launched by Hana Financial Group(086790.KS), SK Group said on Friday Hana, the country's No. 4 financial holding company, isplanning to hive off its credit card operation from its bankingarm in August, in order to beef up its non-banking business. "SK Telecom has been interested in the mobile card business,which has transportation and settlement functions," a spokesmanfor SK Group, SK Telecom's parent firm, said by telephone,declining to be named. "Talks with Hana have not progressed enough to discuss howlarge a stake we will buy and at how much." The comment followed a report that Hana, in which Singaporeinvestment firm Temasek Holdings and Goldman Sachs (GS.N) own acombined 18 percent, might sell a 49 percent stake in a creditcard unit to SK Telecom, in a deal estimated at up to 330 billionwon ($266 million). Online news outlet MoneyToday cited unnamed industry sourcesas saying that both companies had reached a basic agreement onthe joint venture plan, but Hana spokesman Lee Sung-gon dismissedthe report as untrue.
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