ArcelorMittal sells stake in South African miner
BRUSSELS (Reuters) - ArcelorMittal (ISPA.AS), the world's largest steelmaker, on Thursday agreed to sell its 50 percent stake in South African miner Kalagadi Manganese to the chairwoman of joint venture partner Kalahari Resources.
The steelmaker will receive 3.9 billion rand ($438.20 million) for its stake in Kalagadi.
WASHINGTON - U.S. private-sector hiring rose in November at the fastest clip in a year, suggesting the labor market was improving enough for the Federal Reserve to soon start trimming its bond purchases.
- U.S. small businesses boosted borrowing in October to its highest level in over six years, an index showed on Tuesday, fresh evidence that the budget battle that shut the federal government for 16 days did little to derail underlying economic growth.
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.