Russian rouble falls to 2-week low, Rusal shares leap on merger talk

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Reuters UK

MOSCOW (Reuters) – The rouble fell against the dollar to the lowest in two weeks on Tuesday, while shares in aluminium producer Rusal leapt as Russian businessman Vladimir Potanin hinted at a possible merger with mining giant Nornickel. At 0759 GMT, the rouble was 2.6% weaker against the dollar at 56.68, its weakest point since June 20. The unit had lost 1.4% to trade at 58.58 versus the euro. The rouble’s recent slump from more than seven-year highs hit last Wednesday is just a correction on the market, said Alor Broker in a note. “It is too early to talk about a break in the rouble’s strengt…

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