ThyssenKrupp AG plans to sell equity equivalent to as much as 10 percent of its market value as the largest German steelmaker found buyers for a U.S. plant that was part of the 202-year company’s worst investment.
Emerging-market stocks rose, paring the first monthly drop since August, as Petroleo Brasileiro SA to Cnooc Ltd. drove gains in energy producers. South Korea’s won rose for a fifth month in the longest rally since 2007.
Fibria Celulose SA, Brazil’s largest pulpmaker by market value, rose the most in a month after joining a federal program to refinance a 587 million reais ($252 million) tax bill and agreeing to sell land.
Billionaire Anil Agarwal, who controls London-based Vedanta Resources Plc, said he regrets investing 500 billion rupees ($8 billion) on an aluminum complex in India that’s faced a shortage of raw materials.
Vale SA, the world’s biggest iron- ore producer, agreed to pay 22.3 billion reais ($9.6 billion) to settle a decade-long tax dispute with Brazil over profits of its foreign units, ahead of a deadline tomorrow.
European stocks rose, with the benchmark index reaching a five-year high, while Spanish bonds declined on signs of accelerating inflation in the 17-nation bloc. The euro climbed against the yen and the pound advanced while crude oil held declines and gold rallied.