China fund denies it may gatecrash BHP’s Rio bid
BEIJING/SYDNEY (Reuters) – China’s new sovereign wealth fund denied on Monday it may team up with local steel makers to bid $200 billion for Rio Tinto Ltd/Plc , blocking a rival offer by BHP Billiton Ltd/Plc .
LONDON (Reuters) – Oil rose above $99 a barrel on Monday, closing in on the $100 milestone, as the dollar edged back towards last week’s record lows and despite hopes an OPEC meeting next week could signal an output boost.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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