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Trafigura’s bet on Nyrstar keeps getting uglier

Bloomberg For nearly a decade, Trafigura Group Chairman Claude Dauphin coveted a zinc deal with Europe’s top smelter. The commodities trader finally got across the threshold in 2015, months after its co-founder’s sudden death. Just a few years later, it’s become one of Trafigura’s biggest headaches. Nyrstar NV shares have plu-nged to record lows as falling zinc prices squeeze profit ...

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Merkel’s party turns inward with ‘leadership contest’

Bloomberg Contenders to succeed German Chancellor Angela Merkel as party chief will criss-cross the country to campaign ahead of a convention in December, giving an early taste of the choices for the next potential leader of Europe’s pivotal country. The process agreed among the Christian Democratic Union’s leadership signals that Germany is headed for another inward-looking period as the post-Merkel ...

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Pompeo defends Iran oil sanctions waivers

Bloomberg Secretary of State Michael Pompeo defended the temporary waivers granted to eight countries to continue buying Iranian crude oil for now against Congressional critics and others who say the US is being too lenient on the Islamic Republic. The comments on “Fox News Sunday” come a day before US sanctions on Iran’s energy and shipping are due to snap ...

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