Cameroon's government has signed a 420 billion CFA franc ($675.96 million) high-grade iron ore mining deal with a subsidiary of Sinosteel Corporation Limited, as China seeks new sources of the steel-making ingredient.

U.S. bond funds continued to face huge outflows in the week to May 19 on fears that the Federal Reserve would raise interest rates higher than previously expected to keep inflation under control.

LONDON/PARIS (Reuters) -A new nuclear plant in southwest England has been delayed by another year and will cost an extra 3 billion pounds ($3.7 billion), its developer warned, in a setback to the British government's drive for energy independence.

U.S. stock index futures gained on Friday, with banks and megacap growth shares rising on the last day of a week that saw market volatility on concerns about the impact of higher inflation and subsequent rate hikes to tame it.

Kimberly-Clark Corp is planning to sell its tissue paper assets in Brazil and Latin America, newspaper Valor Economico reported on Friday, saying the company is in talks with JPMorgan to reassess its business in the region.

EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at least three firms working on projects, according to documents and officials.