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Citywire Top Stocks Daily News Digest

by Himanshu Singh on Jan 11, 2013 at 04:24

Citywire Top Stocks Daily News Digest

All the news from across the web about the companies featured in Citywire's Top Stocks

BG Group PLC

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  • Business Spectator: BG Group may sell several billions of dollars worth of pipeline and utility assets connected to its $20.4 billion liquefied natural gas project in Queensland, Australia, as a result of a leadership change at the gas company

BP PLC

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  • ABC News: Businesses and individuals who claim BP's oil spill in the Gulf of Mexico cost them money have been paid more than $1 billion through the company's class-action settlement

Diageo PLC

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  • Business Standard: A few contingent agreements in the $2.1 billion deal between India’s United Spirits and the UK’s Diageo have irked the Indian regulators

First Quantum Minerals PLC

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  • Bloomberg: First Quantum Minerals’s $5.2 billion hostile bid for Inmet Mining will probably fail, based on the track record of Canadian deals over the past 12 years

HSBC Holdings PLC

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  • Reuters: China's insurance regulator is seeking more information from Ping An Insurance after reviewing HSBC's planned sale of its $9.4 billion stake in China's No.2 insurer to Thailand's CP Group

Royal Dutch Shell Plc

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  • The Guardian: Rolls-Royce has appointed Lord Gold to review anti-corruption procedures following bribery allegations involving the aircraft engine manufacturer in Indonesia and China
  • The Daily Telegraph: Shell’s Arctic problems mounted as it emerged that hundreds of gallons of fuel may have leaked during the grounding of its Kulluk rig and the US Interior Secretary branded the company’s mishaps “troubling”.
  • Fox News: Shell may have moved an oil rig that ran aground last month in order to avoid $6 million in taxes to Alaska, Rep. Ed Markey, D-Mass., charged in a letter to the oil behemoth's president

Unilever PLC

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  • Times of India: The Indian Institute of Technology, Kanpur, and consumer goods company Unilever signed a new partnership agreement on Wednesday that will see them collaborate more closely on mutually beneficial research

Vedanta Resources PLC

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  • Mining Weekly: Zambia's Konkola Copper Mines, owned by Vedanta Resources, has suspended production at its Chingola openpit mine after the expiry of the contract with its Brazilian mining partner

Xstrata PLC

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  • Mining Weekly: Xstrata’s copper division has opted out of a farm-in agreement with ASX-listed Argo Exploration, over the junior’s Intercept Hill joint venture, in South Australia

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