Wall Street edges up at open on data, China

NEW YORK - Stocks edged up at the open on Wednesday after better-than-expected New York Fed manufacturing data and remarks that reiterated China's commitment to investing in euro zone debt. | Video

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Small-business confidence rises for 5th month

WASHINGTON - Confidence among small U.S. business owners rose for the fifth straight month in January and many are having trouble filling vacant positions, according to a survey released on Tuesday that added to signs the economic recovery is strengthening.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Brazil's Vale to sell stake in Oman pellet plant

RIO DE JANEIRO | Sat May 29, 2010 10:02am EDT

RIO DE JANEIRO (Reuters) - Brazilian mining giant Vale on Saturday said it has agreed to sell a 30 percent stake in an iron pellet plant in Oman with 9 million tonne annual output to the Oman Oil Company (OOC) for $125 million.

Vale (VALE.N)(VALE5.SA), the world's largest iron ore miner, said the Vale Oman Pelletizing Company is slated to begin production in the second half of 2010.

The plant is part of an industrial logistics center located in the Sohar Industrial Port Complex in Oman, Vale said.

Oman Oil is owned by the government of Oman.

Pellet plants partly refine ore for sale to steelmakers.

(Reporting by Brian Ellsworth; Editing by Eric Walsh)
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