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Barclays and Red Kite Settle Copper Market Dispute

(Reuters) British bank Barclays and hedge fund Red Kite Group have settled a legal dispute in which the fund accused the bank of manipulating the copper market and causing it to lose money. “Legal proceedings between the Red Kite group as Claimants and Barclays Bank PLC as Defendant have been concluded on mutually acceptable terms,” Barclays said in a statement on Thursday, without giving details of the settlement.

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