Friday, July 13, 2007

European shares open higher, miners, banks in focus

(Reuters) - European shares opened higher on Friday with mining stocks in focus after a 38-billion deal in the sector and boosted by banking shares while investors awaited key U.S. data.

Alcoa withdrew its offer for Canada's Alcan on Thursday , clearing the way for Anglo-Australian miner Rio Tinto to agree an $38.1 billion deal, which fuelled further takeover speculation in the sector.


Read more at Reuters Africa

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