30-04-2015 11:12 via news.yahoo.com

Gunvor earnings rise despite Russian exposure cut

By Dmitry Zhdannikov LONDON (Reuters) - Trading house Gunvor on Thursday reported a rise in core earnings and traded volumes saying it emerged stronger from brief turmoil in 2014 when its Russian co-founder sold out of the business now worth at least $2.7 billion (2 billion pounds). Russian businessman Gennady Timchenko sold his 50-percent voting stake in Gunvor to another co-founder and chief executive Torbjorn Tornqvist in March 2014, a day before the United States slapped sanctions on him and
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