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Shell, PetroChina bid $3 billion for Australia's Arrow

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Reuters) - Royal Dutch Shell (RDSa.L) and PetroChina (0857.HK) jointly bid more than $3 billion for Australia's Arrow Energy (AOE.AX), marking a Chinese firm's first foray in the country's burgeoning coal-seam gas sector and sending Arrow's shares soaring by nearly half.

Asia shares fall on U.S. jitters, Bernanke eyed

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SINGAPORE (Reuters) - Asia shares fell on Wednesday as surprise declines in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery and boosted the safe-haven yen.

 

European banks need to issue $327 billion annually: Citi

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(Reuters) - Twenty-four European banks may need to issue about 240 billion euros ($327 billion) annually for the next three years to fund existing and new businesses, as well as to meet the new Basel stable funding requirements, Citigroup said.

Berlin task force questions state aid for Opel

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FRANKFURT (Reuters) - A German government advisory panel has raised doubts about whether General Motors' reorganization plan for European arm Opel deserves crucial state aid, the Financial Times paper reported on Thursday.