UPDATE 1-Qatar shows its muscles to wring more from Glencore


* Qatar seeking 16 pct increase in merger ratio * Sovereign fund shock move comes at 11th hour * Move shows fund's evolution as investor, bankers say (Adds details, comments) By Dinesh Nair and Regan Doherty DUBAI/DOHA, June 27 (Reuters) - Qatar Holding's late rebuff of Glencore's $26 billion bid for miner Xstrata indicates a more assertive stance by the sovereign fund, which has hitherto been content with a less muscular role in its big-name portfolio. In an unusually aggressive move for ...

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