Golden Ocean Group Ltd., the dry bulk shipping group controlled by billionaire John Fredriksen, rose in Oslo as a strong balance sheet and low vessel values allow it to expand ahead of an expected increase in rates.
Most emerging-market stocks advanced as a Federal Reserve official said bond purchases should continue, bolstering the outlook for global economic growth. Mexico’s IPC Index slumped to an eight-month low.
Chinese stocks retreated in New York from the highest level in three months, led by Huaneng Power International Inc., as concern increased over a slowdown in Asia’s largest economy after UBS AG cut its growth forecast.
The Obama administration is engaged in preliminary talks with the European Union and China to settle a dispute over trade in solar-energy equipment and avoid a conflict among the world’s largest economies, according to people familiar with the discussions.
Hareon Solar Technology Co. led a rally for Chinese solar companies on speculation the U.S. and China are seeking to resolve a dispute over trade in solar- energy equipment that could lead to soaring tariffs.