Chinalco was to have paid $12.3bn for stakes in Rio's iron ore, copper and aluminium assets and $7.2bn for convertible notes that would double its equity stake in Rio to 18%.
The Parliament at Westminster controlled the south and east. From there it raised troops and imposed two new forms of taxation, the assessment and the excise (a tax on the purchase of goods).
Since the executives are well placed to know their bank's true condition, it might seem that their share purchases show that the danger of collapse is exaggerated.
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