U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
KRASNOYARSK, Russia, March 29 (Reuters) - Russian aluminum giant Rusal has launched new production at its Boguchansk aluminum smelter in Siberia on Friday, doubling its capacity to 298,000 tonnes a year.
The new line, part of a larger project, is being started two months after Rusal was removed from a U.S. sanctions list. The world's largest aluminum producer outside China is now seeking to restore sales contracts to pre-sanctions levels.
"This is a complex big project that has a difficult and very long history," Deputy Prime Minister Dmitry Kozak told a ceremony in the Siberian city of Krasnoyarsk.
"It is very important that the Boguchansk aluminum smelter - one of the flagships of the aluminum industry - is being launched today," he said.
The smelter, which first started in 2015, previously had capacity of 150,000 tonnes a year.
Rusal produces about 3.8 million tonnes of aluminum a year and plans to keep its output flat in 2019.
When the smelter project began 13 years ago, Rusal and its partner, Russian power company Rushydro, planned to raise Boguchansk's capacity to 600,000 tonnes a year, requiring $2.6 billion in investment.
The firms said on Friday they had invested a total of $1.6 billion to achieve capacity of 298,000 tonnes a year. (Reporting by Anastasia Lyrchikova Writing by Polina Devitt Editing by Edmund Blair)