XE.com - Glance-UPDATE 1-Market Chatter -- Corporate finance ...

BANGALORE, Oct 11 (Reuters) - The following corporate

finance-related stories were reported by media on Tuesday:

* The administrator in charge of Saab's

restructuring under court protection could pull the plug on the

process as early as Tuesday, paving the way for declaring the

auto maker bankrupt, daily newspaper Svenska Dagbladet said.

* U.S. hedge fund Longacre Fund Management LLC is shutting

down its main funds after investors pulled out their cash, in a

sign that market turmoil is having an impact on some hedge

funds, media reports said.

* Influential oil trader Gunvor has cut its share of

Russia's seaborne oil exports to less than 20 percent, one of

the firm's founders told business daily Vedomosti.

* A bid by Chinese firm Hanlong Mining to take over

Australia's Sundance Resources will be held up by

Australia's Foreign Investment Review Board (FIRB) until an

insider-trading probe is completed, the Sydney Morning Herald

said.

For Deals of the day click on

(Compiled by Purwa Naveen Raman in Bangalore; Editing by Greg

Mahlich)

Keywords: FINANCIAL CHATTER/

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