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LME faced 'death spiral' with as many as a dozen firms at risk of default amid nickel chaos: lawyer

The London Metal Exchange (LME) faced a "death spiral" in nickel and its other metals markets with as many as a dozen of its members at risk of default if it failed to step in and stabilise the nickel market during a period of chaos last year, a lawyer for the bourse told a London court on Thursday. US hedge fund Elliott Associates and Jane Street Global Trading, which describes itself as a market maker, have sued the Hong Kong Exchanges and Clearing (HKEX)-owned bourse in London'...
Hong Kong United Kingdom City Of Matthew Chamberlain China Morning Post Publishers Ltd London Metal Exchange
Source: yahoo.com

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Russian billionaire Deripaska cleared of contempt of court in London

Russian aluminium tycoon Oleg Deripaska was cleared of contempt of court by Londonโ€™s High Court on Wednesday in a long-running legal battle with his former business partner.The founder of aluminium giant Rusal RUAL.MM was alleged to have breached an undertaking to the court in a lawsuit brought by f
United Kingdom City Of Vladimir Putin Vladimir Chernukhin Oleg Deripaska Lubov Chernukhin

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