Thursday, June 7, 2007

European shares near 3-week lows on rate worries

(Reuters) - European stocks hit their lowest in three weeks on Thursday in volatile trade, wiping out earlier gains, with investment banks UBS and Credit Suisse featuring among losers on interest rate concerns.

Vodafone however rose 2 percent after it was urged by an activist investment group to free up as much as 38 billion pounds from its assets to return to shareholders.


Read more at Reuters Africa

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