Bright Food Group Co., the Chinese dairy and consumer-products company, is paying about $960 million for a majority stake in Israel’s Tnuva Food Industries Ltd., according to a person with knowledge of the matter.
Emerging-market stocks rose as Brazil’s Ibovespa gained on speculation President Dilma Rousseff will be voted out of office. Russian shares ended a two-day drop after Foreign Minister Sergei Lavrov called for talks to resolve the Ukraine crisis.
Shandong Gold Mining Co., China’s third-largest traded gold company by value, abandoned a plan to buy about 13 billion yuan ($2.1 billion) of assets from its parent and other parties because of a price drop.
Inner Mongolia Baotou Steel Rare- Earth Hi-Tech Co., China’s biggest producer, gained the most in a month in Shanghai after its parent signed restructuring agreements with nine other companies in the region.