Cape Times

EUROPE

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SHARES slid yesterday, extending losses as mining and oil shares deepened declines and investors weighed the prospect of a Federal Reserve rate increase. The Stoxx Europe 600 index lost 0.8 percent to 400.7 points at the close of trading, the most since July 27. The benchmark measure rose for the sixth time in seven days on Wednesday as mining companies rallied. It has surged 17 percent this year. Commodity producers posted the worst performanc­e among industry groups as BHP Billiton and Glencore lost 2 percent or more. BP and Tullow Oil fell at least 1.4 percent. – Bloomberg

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