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Thursday, September 6, 2012

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09/6/2012
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
F&N shareholders to vote on APB sale on September 28
(Reuters) - Singapore's Fraser and Neave Ltd set a Sept 28 vote for shareholders to approve the sale of a 40 percent stake in Asia Pacific Breweries Ltd to Heineken, saying the Dutch brewer had a right of first refusal on most of the APB shares that made its offer the best deal in a takeover battle.
AIG launches partial AIA stake sale to fund $5 billion buyback
HONG KONG (Reuters) - American International Group Inc launched on Thursday the sale of a partial stake in Asia insurer AIA and detailed a plan to repurchase up to $5 billion of its stock from the U.S. government.
Bain offers rival $700 million bid for Australia's Billabong
MELBOURNE (Reuters) - U.S. private equity firm Bain Capital LLC has matched a $700 million takeover offer for Australia's Billabong International Ltd from TPG Capital , sources familiar with the matter said, improving the odds the struggling surfwear brand will agree to a sale.
Australian resources deals to hit three-year nadir as demand fades
SYDNEY (Reuters) - Almost $15 billion of resources deals in Australia have been delayed or derailed since January due to a sharper-than-expected decline in commodity prices and Chinese demand, with transactions set to hit their lowest level since 2009.
Qantas agrees to alliance with Emirates; no equity stake
SYDNEY (Reuters) - Australia's struggling Qantas Airways has agreed to a 10-year alliance with Dubai's Emirates , a key step in the carrier's efforts to shore up its loss-making international business.
China National Biotec gets ministry nod for up to $1.6 billion Hong Kong IPO
SHANGHAI (Reuters) - China National Biotec Group, the country's largest provider of vaccines and blood products, secured approval on Thursday from the environment ministry to raise up to 10 billion yuan ($1.58 billion) in a Hong Kong IPO.
Rosneft to invest $5.4 billion to build petrochemical plant in Far East: CEO
VLADIVOSTOK, Russia (Reuters) - Russian oil major Rosneft will invest 173 billion roubles ($5.36 billion) to build a petrochemical plant in the Far East, CEO Igor Sechin said on Thursday.
Luxottica not in talks to sell Sears Optical
MILAN (Reuters) - Italy's Luxottica , the world's biggest eyewear maker, is not in talks to sell its U.S. retail unit Sears Optical , Chief Executive Andrea Guerra said in an interview with Reuters, quashing an Italian media report.
Glencore ready to make offer for Alcoa Sardinia plant: Sky Italy
ROME (Reuters) - Commodities giant Glencore is ready to make a formal offer for the loss-making Alcoa aluminum works in Portovesme in Sardinia, Sky TV Italy reported on Wednesday.
Russia's Sechin says time-out needed on Rosneft-TNK talks
VLADIVOSTOK, Russia (Reuters) - Russia's Rosneft has taken a time out in talks on acquiring a stake in TNK-BP to avoid falling foul of a shareholder's agreement between its current owners, BP and a group of Russian tycoons known as AAR.
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