Tuesday, 18 September, 2018

Moody's withdraws Rusal rating after U.S. sanctions

Rusal shares plunge sharply on U.S. sanctions Rusal shares plunge sharply on U.S. sanctions Oleg Deripaska
Jan Cook | 11 April, 2018, 17:04

In a filing to the Hong Kong stock exchange today, Rusal said Maksim Goldman and Daniel Lesin Wolfe had resigned due to the inclusion of Rusal on the United States sanctions list.

Glencore has previously signed a non-binding term sheet with EN+ regarding swapping its shares in Rusal for Global Depositary Receipts in EN+.

The Russian stock market also fell heavily. The management of "RUSAL" have warned about the risk of a technical default.

The US sanctions could lead to other unexpected downstream effects. The sanctions were initially imposed to punish Russian Federation for actions in Crimea, Ukraine, and Syria, and for its alleged attempts to subvert Western democracies.

At the same time, the list of companies includes several structures related to Oleg Deripaska - agroholding Kuban, Eurosibenergo, Rusal, Russian Machines and GAZ Group, investment company B-Finance, holdings Basic Element and En+. Polymetal, a Russian miner listed in London, was the biggest FTSE 250 faller, down 18%.

Welbeck's brace helps Arsenal overcome Southampton 3-2 at Emirate
But in the Arsenal vs Southampton match Welbeck had the last word by heading in the victor moments after he had missed a much easier chance.

Glencore said that it has noted the designation of United Company Rusal Plc ("Rusal") and EN+ Group Plc ("EN+") as Specially Designated Nationals ("SDNs") by the United States Government.

EN+ said its annual report might be delayed and that its independent director, Dominique Fraisse, had quit on Friday after less than four months in the job. "More and more companies are responding to the sanctions".

'The Russian government operates for the disproportionate benefit of oligarchs and government elites, ' said Treasury secretary Steven Mnuchin. He said the new USA sanctions were unacceptable and illegitimate, and that the government would come up with plans to support the companies affected. It said further evaluations were being carried out to assess the impact of the sanctions.

"This is an outrageous business from the point of view of illegality, from the point of view of flouting all the norms, and of course careful analysis is needed here", Putin's spokesman Dmitry Peskov told journalists.

Recommended

Roma send Barcelona crashing out of Champions League in 3-0 win Roma send Barcelona crashing out of Champions League in 3-0 win Barcelona's star players simply didn't turn up, Lionel Messi included. Roma beat Barcelona to advance to the Champions League semifinals.

Solar energy, breaks ground on new Alabama site Solar energy, breaks ground on new Alabama site David Hughes, the Mayor of Bridgeport, told us it will help grow the city that has about $2,300 people. Google says its data centers use 50 percent less energy than other comparable data centers.

Unpredictable week for UFC ends with a predictable victory Khabib Nurmagomedov Unpredictable week for UFC ends with a predictable victory Khabib Nurmagomedov It's been reported by Dave Meltzer that GSP's fight with Bisping at UFC 217 brought in an estimated 875,000 pay-per-view buys. Namajunas (9-3) defeated Jedrzejczyk in the first round of their first match in November to win the strawweight championship.

One dead, 6 hurt in Trump Tower fire One dead, 6 hurt in Trump Tower fire Officials have not disclosed the cause of the blaze. "And then we saw the counterterrorism guys suit up", said Jordan Podell. Son Eric Trump, executive vice president of the Trump Organization, offered similar sentiments to his father, and Don Jr.

Lesnar's new WWE deal permits at least 1 UFC fight Lesnar's new WWE deal permits at least 1 UFC fight He defeated Mark Hunt via unanimous decision, but the result was later changed to a no contest due to a failed drug test by Lesnar.

Facebook Messenger Will Soon Let You 'Unsend' Messages Just Like Mark Zuckerberg Facebook Messenger Will Soon Let You 'Unsend' Messages Just Like Mark Zuckerberg Until the Unsend feature is released for everyone, Facebook says it won't unsend or retract any more of Zuckerberg's messages. Facebook Messenger now offers a Secret Conversation mode where users can set a timer on when messages will be destroyed.

Tensions spiral in Syria as Israel blamed for deadly strike Tensions spiral in Syria as Israel blamed for deadly strike Syrian state TV quoted an unnamed military official as saying that Israeli F-15 warplanes fired several missiles at T4. The United States has dismissed Syrian claims accusing it of attacking a Homs air base.

Police questioned YouTube shooter just before attack Police questioned YouTube shooter just before attack Police say she was asked a series of questions during a 20-minute interaction and "at no point" mentioned anything about YouTube. In response to the rampage, YouTube pledged to increase the security at its San Bruno headquarters and other offices worldwide.

Muenster Attacker Was Lone German With Mental Health Problems, Says Minister Muenster Attacker Was Lone German With Mental Health Problems, Says Minister Germany is still clueless about the motive behind deadly van crash into people drinking outside a popular bar in Muenster. Armed cops swooped on the scene just after 3pm local time and warned people to stay away from "inner city areas".

Narendra Modi ignored Dalit issues, say BJP MP Narendra Modi ignored Dalit issues, say BJP MP The Parliament witnessed a complete washout of the second half of the Budget Session that ended on Friday. He said that it is because of its work that the BJP has spread its footprint throughout the country.

Secret talks underway to prepare for Trump-Kim summit Secret talks underway to prepare for Trump-Kim summit Once a location is agreed upon the officials said that the date will be set and the agenda discussed in greater detail. CNN reports that Ulaanbaatar, the capital of Mongolia, is also being considered as a potential meeting place.

Ronaldo, Griezmann On Target As Atletico Hold Real Madrid Ronaldo, Griezmann On Target As Atletico Hold Real Madrid And Diego Simeone's side nearly netted immediately after, but Koke's attempt was brilliantly kept out by the Costa Rican global . Griezmann thus marked his 200th game for the club with his 108th goal , 18 of which have come in 20 games during 2018.

Suspected militants murder youth in Hajin Suspected militants murder youth in Hajin Earlier on Tuesday, another resident Muntazir Ahmad Parray was kidnapped by gunmen from the house of his father-in-law Farooq Ahmed Parray at Hajan.

Prince Charles reacts to weird toilet seat rumour: 'Don't believe that cr*p' Prince Charles reacts to weird toilet seat rumour: 'Don't believe that cr*p' Prince Charles: "Oh, DON'T believe all that CRAP". "Old school pals catching up from #timbertop", Ms Ryan wrote on Instagram. On Wednesday, the Prince's director of communications, Julian Payne, referred to the rumour on Twitter.

LeBron James: Cavs star sets ASTONISHING new National Basketball Association record despite 76ers defeat LeBron James: Cavs star sets ASTONISHING new National Basketball Association  record despite 76ers defeat Assuming they can hit their stride heading into the postseason, they could very well upset any of the top three seeds. He made the first, missed the second and his intentional miss on the third failed to go in on a Cavs tip at the horn.