SAO PAULO, June 6 A unit of Brazilian steelmaker Usinas Siderúrgicas de Minas Gerais SA has ended an arbitration case with Porto Sudeste do Brasil SA.
Under the terms of the agreement, which were unveiled in a a securities filing on Tuesday, Porto Sudeste has agreed to pay $62.5 million to Mineração Usiminas SA to end the dispute. The accord will also result in the rescinding of the contract between the two parties. (Reporting by Ana Mano; Editing by Jonathan Oatis)
UPDATE 1-UK Stocks-Factors to watch on June 29
June 29 Britain's FTSE 100 index is seen opening up 37 points at 7,424 on Thursday, according to financial bookmakers, with futures up 0.52 percent ahead of the cash market open.
AstraZeneca, Chi-Med take kidney cancer drug into final testing
LONDON, June 29 AstraZeneca and Hutchison China MediTech said on Thursday they had initiated a global late-stage clinical trial of the experimental drug savolitinib in a relatively rare type of kidney cancer.