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Reuters first on mining industry's biggest 2008 stories11.24.2008
After beating rivals on Nov. 24 with news that BHP Billiton was scrapping its $66 billion bid for rival miner Rio Tinto, Reuters was first again on Dec. 10 with market-moving news on Rio Tinto’s sweeping job and spending cuts. The news fuelled a 20 percent rally in Rio Tinto`s shares and cut the cost of protecting its debt on the credit default swap (CDS) market. |
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