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Tag: Rusal

Aluminium touches 6 year high on force majeure threats

Aluminium prices touched a new six-year high on Monday as the dollar fell and after Rio Tinto said on Friday it would declare force majeure on some of its customer contracts following US sanctions on its partner Rusal. Benchmark aluminium on the London Metal Exchange rose 2.7 per cent to $2,347 per tonne in official […]

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European shares rise, but Wall Street turns lower

A flutter of cautious optimism on global trade helped European shares advance on Friday, sealing their third straight week of gains, although a turn lower on Wall Street after disappointing earnings undid some of the early advances. Many investors were assessing their positions ahead of the weekend, with both the trade uncertainty and Middle East […]

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Rusal’s IFSC vehicle caught up in US sanctions move

Debt issued by the Dublin-based vehicle used by Russian aluminium giant Rusal to raise finance in international markets has been impacted by sanctions imposed by the United States on the group last week. Rusal is among a wave of Russian companies to have set up Irish special purpose vehicles in recent years to issue dollar-denominated […]

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Shares rise as China’s Xi backs away from trade war

European shares rose on Tuesday after Chinese president Xi Jinping promised to cut import tariffs, fuelling optimism that a trade war between his country and the US could be averted. Gains were widespread, with the STOXX 600 closing up 0.82 per cent, slightly below Wall Street, where the S&P 500 was up 1.8 per cent […]

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Stocks linked to Russia hit by fears over US sanctions

Further US sanctions on Russian interests hit Europe-listed stocks on Monday, denting a recovery as investors became more hopeful a trade war between the United States and China could be averted. DUBLIN The Iseq remained virtually flat on thin trading volumes. The slide in Independent News & Media’s (INM) share price continued, following the drip […]

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