Thursday, July 12, 2007

European stocks rebound, M&A fever boosts miners

(Reuters) - European stocks rose in early trade on Thursday, as optimism over U.S. corporate results and mergers and acquisitions fever in the mining sector helped the market reverse a two-day losing streak.

Rio Tinto said it has agreed to pay $38.1 billion for Canadian aluminium group Alcan, sending the mining sector sharply higher.


Read more at Reuters Africa

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