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Goldman Sachs has reshuffled the leadership of its mergers and acquisitions team, with Gene Sykes - one of the Wall Street bank’s most experienced dealmakers - stepping down as co-head of the group.

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BHP Billiton faces legal spat in which all tactics are deemed fair

It is ridiculous for the Brazilian independent prosecution service to argue that the damages for the disaster at Samarco, an iron ore operation owned by Vale and BHP Billiton, should be the same as those paid by BP after its Deepwater Horizon catastrophe in the Gulf of Mexico in 2010. There is no link between the two incidents.