Qatar wealth fund eyes Barclays stake: report
DUBAI (Reuters) - Qatar's sovereign wealth fund is considering backing a share issue by British bank Barclays (BARC.L), which could raise more than 4 billion pounds ($7.81 billion) from investors, the Financial Times reported.
The Qatar Investment Authority (QIA), which has said it bought under 2 percent of Credit Suisse (CSGN.VX) this year, could help Barclays rebuild its capital reserves without a rights issue, the FT reported on Wednesday.
"We're looking at it," a person close to the QIA was quoted by the FT as saying.
QIA adviser John el-Khair declined to comment on the report when contacted by Reuters. The QIA manages assets worth about $60 billion, according to a study by Standard Chartered Plc.
Qatar is looking to spending between $10 billion and $15 billion over the next two years on bank stakes, Prime Minister Sheikh Hamad bin Jassim al-Thani told Reuters in February.
Singapore-based Temasek Holdings TEM.UL may also be considering an investment in Barclays, the Financial Times said.
(Reporting by Daliah Merzaban and John Irish; Editing by Quentin Bryar)
NEW YORK - U.S. stock index futures edged higher on Thursday, ahead of a flurry of economic data and the start of the meeting of top central bankers and economists in Jackson Hole, Wyoming.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.