Guinea’s cabinet approved a recommendation to strip rights to part of the world’s biggest untapped iron-ore deposit from a venture of Vale SA and billionaire Beny Steinmetz’s mining company, BSG Resources Ltd., a government spokesman said.
Russian stocks rose the most in six weeks in New York after talks on Ukraine yielded an accord aimed at easing the conflict, prompting investors to snap up shares of the cheapest major emerging market.
Sabesp, Brazil’s largest water utility, will reduce spending and postpone a rate increase to as late as December as it gives discounts to clients who cut consumption amid the worst drought in at least four decades.
The Ibovespa advanced for a second straight day as Banco do Brasil SA and Petroleo Brasileiro SA rose on speculation the next Ibope election poll will show reduced support for President Dilma Rousseff’s government.
Emerging-market stocks rose for a second day after diplomatic leaders reached a deal aimed at defusing the crisis in Ukraine. Russia’s ruble posted the biggest advance among the world’s major currencies.
DuPont Co., the maker of Pioneer genetically modified corn, reported lower-than-expected first- quarter sales and earnings after North American farmers delay preparations for planting because of severe winter weather.
General Motors Co., the biggest U.S. automaker, said global vehicle sales rose 2.3 percent to 2.42 million during the first quarter. Increasing deliveries in China helped make up for declines in the U.S and Brazil.