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BTG Pactual to seek sale of stake in Petrobras Africa venture

  Bloomberg Grupo BTG Pactual, the Brazilian bank that was forced to sell assets after the arrest of its founder last year, is exploring the sale of its 50 percent stake in an African joint venture with state-run oil company Petroleo Brasileiro SA, according to people with knowledge of the matter. BTG has held sales talks with independent oil explorers ...

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Miners to strike at Colombia’s Cerro Matoso nickel mine

  Bloomberg Workers at South32 Ltd.’s Cerro Matoso, the world’s second-biggest ferro-nickel mine, voted to take strike action amid a dispute over negotiations on a wage agreement. Members of the Sintracerromatoso union approved the move at the operation in northern Colombia, the union’s negotiator Eder Blanco confirmed in a text message. A strike must begin before June 14, and a ...

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Bonds fall with emerging mkts as Dollar gets lift from Yellen

BLOOMBERG The Fed factor dominated global markets, battering bonds and developing-nation currencies while lifting the dollar. Treasury 10-year futures slid the most in almost two weeks and German bunds declined after Federal Reserve Chair Janet Yellen said an interest-rate increase is likely in coming months. Emerging-market currencies headed toward the worst month since August and gold fell for a ninth ...

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