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Should Glencore’s acquisition of Xstrata fall through, the pain will extend far beyond the 10 investment banks involved in the deal.
However, it wouldn’t even crack the top 10 in biggest failed deals.
Plus, a look at why big mining deals are so tough to pull off.
Buy platinum while you can
Unrest in South African platinum mines has pushed sales of the metal to two-year highs.
Morgan Stanley to GM: Dump Opel
The damaged Opel brand is an albatross around the neck of GM’s profitable American division, and it needs to go, says Morgan Stanley.
Bulls turn out for Dr. Copper
Bullishness amongst copper traders hit an 11-month high on mounting speculation central banks will do more to bolster growth, strengthening demand for metals.