Sunday, May 27, 2007

Australian Equities Decline, Led by Macquarie; BHP Billiton, Rio Advance

(Bloomberg) -- Australian stocks dropped, led by
Macquarie Bank Ltd. after hedge fund manager Jim Chanos, who
predicted the collapse of Enron Corp., said the company's shares
are likely to drop.

Mining stocks rose, led by BHP Billiton Ltd. and Rio Tinto
Group, after prices of metals including copper and zinc gained,
and amid speculation of mergers and acquisitions in the mining
industry.


Read more at Bloomberg Stocks News

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