DUBLIN - Ireland's finance minister said the country would not be the "whipping boy" for what he called a flawed U.S. Senate report that said Irish loopholes helped technology giant Apple shrink its tax bill.
FRANKFURT - New solar installations reached a fresh record of 7.5 gigawatts (GW) in Germany in 2011, playing into the hands of advocates for steeper cuts in tariff subsidies to reduce growth of solar power and the resulting higher costs for consumers.
Xstrata shareholders snub board on first vote
LONDON (Reuters) - Xstrata's XTA.L shareholders did not pass a first resolution that would have approved a $31 billion takeover by trader Glencore, subject to a controversial retention package, as not enough investors heeded a recommendation from the miner's board.
Only 67.8 percent of shareholders voted in favour of the first of two resolutions on the tie-up - short of the necessary 75 percent threshold.
Shareholders, at a meeting in the Swiss town of Zug, are now set to vote on a second resolution, deciding whether or not to approve the deal without the "golden handcuffs" plan to retain key Xstrata managers. This is expected to pass.
The retention plan itself will be voted on separately.
Earlier on Tuesday, Glencore shareholders overwhelmingly backed the deal.
(Reporting by Clara Ferreira-Marques; Editing by Andrew Callus)
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