Rusal Surges to Record in Hong Kong

Rusal Surges to Record After Norilsk Stake Offer 

United Co. Rusal surged to a record in Hong Kong trading after OAO GMK Norilsk Nickel raised its offer to buy back shares held by the world’s biggest maker of aluminum to $12.8 billion and said it will boost output.

Ruble Bond Gains Beat BRIC Losses on Oil Rally: Russia Credit

Russia is providing the only gains for buyers of local- currency bonds in the biggest emerging markets this year as climbing oil prices push the ruble ahead of the real, yuan and rupee.