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Rio requested a suspension in trading of its shares on the Australian Stock Exchange Thursday. The miner's American Depositary Receipts traded on the New York Stock Exchange were suspended Wednesday. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Rio Tinto walks away from Chinalco deal
MINING company Rio Tinto has walked away from what would have been the biggest deal in Australian corporate history, its $US19.5 billion ($24.4 billion) alliance with Chinese resources giant Chinalco....
Shares in Rio Tinto have gained nearly 13 per cent to $74.11 after the collapse of the deal.