Bloomberg Health insurers that offer private Medicare Advantage plans will get a smaller-than-expected increase in payments next year. The U.S. is raising payments to the insurers by 0.85 percent on average, according to a statement from the Centers for Medicare and Medicaid Services, down from the 1.35 percent boost proposed in February. Payments to individual insurers can vary, because CMS …

Bloomberg Vale SA, the world’s largest iron ore producer, is selling its share in Brazilian steel mill venture CSA to German partner Thyssenkrupp AG for a “symbolic price,” the company said, part of a strategy to dispose of non-core assets to help bolster its balance sheet. The miner based in Rio de Janeiro will exit the venture by unloading its …

Bloomberg Petrobras Chairman Nelson Carvalho has opposed a management proposal to reduce the price of gasoline in a bid to boost sales, said a person familiar with the discussions. Jorge Celestino, the head of refining, proposed a price cut at a time Petrobras is losing market share, said the person, who asked to remain anonymous because the discussions aren’t public. …