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Brazil's government said on Wednesday it may fine mining giants BHP Billiton Ltd and Vale SA for the "environmental catastrophe" caused by ruptured dams at an iron ore mine jointly owned by the companies in a southeastern state.

The chairman of the influential U.S. Senate Armed Services committee has called on the Pentagon to clarify publicly the legal intent of a U.S. patrol last month within 12 nautical miles of an island China has built in the South China Sea.

A U.S. judge said Valeant Pharmaceuticals International Inc (VRX.TO) (VRX.N) and activist hedge fund manager William Ackman must face a lawsuit accusing them of insider trading in Allergan Inc before making an unsuccessful takeover bid for the maker of Botox.