CAPITAL MARKETS

Rio slips after bid talk fizzles

MINING giant Rio Tinto tumbled as much as 4.2% on the Australian bourse today after rumours of a takeover bid by rival BHP Billiton were scotched.

MiningNews.Net

Shares in the mining giant eventually closed down 3.8% ($3.62) at $91.88 after posting its biggest single-day gain in seven years yesterday as speculation swirled of a $100 billion bid by rival BHP. ...

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