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Monday, December 24, 2012

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12/24/2012
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Insight: Security fears dogged Canada debate on China energy bid
OTTAWA (Reuters) - In September, two months after China's state-owned CNOOC Ltd made an unexpected $15.1 billion bid for Canadian energy company Nexen Inc, Canada's spy agency told ministers that takeovers by Chinese companies may threaten national security.
ITV to buy majority stake in Gurney Productions of U.S.
(Reuters) - Britain's ITV Plc said it will buy a 61.5 percent stake in U.S.-based Gurney Productions, which makes reality programs, for $40 million to boost its production business in the United States.
India and Russia seal new defense deals, trumpet partnership
NEW DELHI (Reuters) - India agreed to buy dozens of Russian military helicopters and kits for the assembly of Sukhoi jets at a summit in New Delhi on Monday, where the leaders of both countries reaffirmed their commitment to a strategic partnership.
LSE cuts LCH.Clearnet offer by a quarter
LONDON (Reuters) - The London Stock Exchange cut its offer for a majority stake in transatlantic clearing house LCH.Clearnet by a quarter to 366 million euros ($482 million) to reflect new capital requirements.
KBC to sell Russian bank subsidiary for 300 million euros
BRUSSELS (Reuters) - Belgian banking and insurance group KBC has struck a deal to sell its Russian banking unit Absolut Bank, one of the final businesses it is divesting to meet conditions agreed with European regulators after it received state aid.
Vimpelcom to net $1.4 billion as Altimo ups economic stake
MOSCOW (Reuters) - Emerging markets telecoms operator Vimpelcom said it would receive around $1.4 billion for the conversion of its preferred shares by shareholder Altimo into ordinary shares in a move that will boost the Russian investor's economic interest.
T-Mobile appeal could derail Austria telecom merger: source
VIENNA (Reuters) - T-Mobile Austria plans to appeal against the allocation of radio frequencies that will result from Hutchison Whampoa's takeover of Orange Austria, in a move that could derail the deal.
Xstrata lifts cost estimate for Frieda River copper mine by $300 million
MELBOURNE (Reuters) - Global miner Xstrata Plc has lifted its initial capital spending estimate for the undeveloped Frieda River copper mine in Papua New Guinea by $300 million to $5.6 billion, a minority partner in the project said on Monday.
Dealtalk: "Kamikaze" trades take shine off record Asia equity block deals
HONG KONG (Reuters) - Minutes after the market close on a Tuesday in September, a number of bankers in Asia received a phone call from Temasek Holdings looking to unload a big chunk of shares in Singapore Telecommunications Ltd .
ICE's NYSE swoop creates derivatives giant
LONDON/NEW YORK (Reuters) - IntercontinentalExchange Inc agreed as part of its $8.2 billion takeover of NYSE Euronext to pay the New York Stock Exchange operator a termination fee of $750 million if it fails to gain antitrust clearances, suggesting a high level of confidence the deal will go through.
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