Why these two Russian metal stocks are forging their way back into Hong Kong investors’ hearts

Shares in Rusal, the world’s second-largest aluminium producer, have surged by 71 per cent since the United States signalled its intention seven weeks ago to lift sanctions against the company. But can the Hong Kong-listed stock rise further? It is possible, according to some analysts who said they considered the stock to be undervalued. The Moscow-based company has been beaten down by a geopolitical spat between the US and Russia, which led last April to US sanctions against 23 Russian heavyweights and the firms they control, including Rusal. US sanctions-hit…

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Beijing must win the hearts of US businesspeople amid trade war, China policy adviser says

Beijing must not launch retaliatory attacks against American firms or US business operations in China, despite US President Donald Trump’s threat to slap further punitive tariffs on Chinese goods and restrict Chinese investment in the US, a Chinese economist and government adviser has warned. “Trump would love to see [China] make trouble for US firms,” Fan Gang, a former member of the monetary policy committee of the People’s Bank of China, said in a speech at Tsinghua University in Beijing on Wednesday. “The business community is now the only voice…

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