Steel reinforcement-bar futures in Shanghai rose, extending a third weekly gain, on optimism that a strengthening economy may support demand from the world’s biggest consumer of the material used in housing and railroads.
Relations between Israel’s wealthiest person Beny Steinmetz and the mineral-rich African nation of Guinea have deteriorated to such an extent that neither the billionaire nor any of his representatives plan to attend a final hearing into the ownership of a prized iron-ore asset.
Glencore Xstrata Plc, the fourth- largest mining company, revived its interest in bidding for the Canadian iron-ore operations that Rio Tinto Group is seeking to sell, according to two people familiar with situation.
Asian stocks fell this week, with the regional benchmark gauge declining the most since August, amid concern improving U.S. economic data will spur the Federal Reserve to pare stimulus as soon as this month.
The Ibovespa advanced, reducing a third weekly drop, as slower-than-forecast Brazilian inflation offset concern that the Federal Reserve will reduce U.S. stimulus that has buoyed emerging-market assets.
Ukrainian corporate bonds yielding at least double emerging-market peers are luring investors from Landesbank Berlin Investment GmbH to Otkritie Capital on speculation the selloff triggered by street protests will fade.