UPDATE 1-Market Chatter -- Corporate finance press digest

(Adds items)

BANGALORE Aug 27 (Reuters) - The following corporate finance-related stories were reported by media on Thursday:

* Shareholders in rail and bus operator National Express (NEX.L) were gathered this week to find out whether they want a 350 million pounds rights issue or prefer to pursue a takeover proposal, the Financial Times reported on Thursday. [ID:nLQ479678]

* The $10.5 million pay package for insurer American International Group Inc's (AIG.N) new chief executive Robert Benmosche will likely be approved formally by the U.S. government's compensation czar Kenneth Feinberg next week, the Wall Street Journal said, citing people familiar with the matter. [ID:nBNG80301]

* Apple Inc (AAPL.O) is getting closer to clearing hurdles to allow it to start selling iPhones in China, the Wall Street Journal said. [nN26290290]

* China's sovereign wealth fund will increase new overseas investment this year by around 10 times from the previous year on signs the global economy has bottomed out, one of the organisation's top managers said in a newspaper interview. [ID:nT204302]

* Mexico's state oil monopoly Pemex is forecasting crude production in Mexico will fall in 2010 to 2.5 million barrels per day, Reforma newspaper said, citing Pemex head Jesus Reyes Heroles. [ID:nN26281233] (Compiled by Purwa Naveen Raman in Bangalore, editing by Will Waterman)