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Tuesday, December 25, 2012

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12/25/2012
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
Rosneft lines up financing for $55 billion TNK-BP takeover
MOSCOW (Reuters) - Rosneft , seeking to finance Russia's largest-ever takeover deal, has raised $16.8 billion in bank loans and agreed on long-term trade finance deals with the world's largest oil traders, Glencore and Vitol.
Some TCW executives depart before Carlyle buyout: sources
NEW YORK (Reuters) - A number of senior executives are leaving TCW Group just weeks before the Los Angeles-based asset manager is scheduled to be acquired by private equity firm Carlyle Group , according to two people familiar with the situation on Monday.
Mitsubishi Chem to buy capsule maker from Carlyle: source
(Reuters) - Japan's Mitsubishi Chemical Holdings Corp will acquire Qualicaps Co Ltd from U.S.-based Carlyle Group LP , a person familiar with the matter said on Tuesday, rewarding the buyout firm's second attempt to sell the drug capsule maker.
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 defense deals, hail partnership
NEW DELHI (Reuters) - India agreed to buy dozens of Russian military helicopters and fighter jet assembly kits at a summit on Monday, underlining the resilience of ties between the long-time allies despite New Delhi's recent moves to diversify its arms suppliers.
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 ups Papua New Guinea mine cost estimate
MELBOURNE (Reuters) - Xstrata has raised its capital spending estimate for the undeveloped Frieda River copper mine in Papua New Guinea by $300 million to $5.6 billion, as costs to develop new mines continue to escalate.
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