* Brent, WTI both on track for over 1% weekly gains. * Vaccines likely to mitigate Delta's impact on demand -analysts. By Sonali Paul and Koustav Samanta. Oil prices fell on Friday but remained on track to post steep weekly gains with demand growing faster than supply, while vaccinations are expected to alleviate the impact of a resurgence in COVID-19 infections across the globe.
Sibanye-Stillwater Ltd. (SBSW) said Friday that it will acquire a nickel-processing facility in France for 65 million euros from Eramet SA (ERMAF). The South African mining company said it has entered into an exclusive put option agreement for the acquisition of the Sandouville nickel hydrometallurgical processing facility in Le Havre, France's second-largest industrial port. Sandouville includes a nickel refinery with a production capacity of 12,000 metric tons per year of nickel...
IAG said summer capacity would rise to 45% of pre-pandemic levels from 22% in the previous quarter, in the latest sign that a travel recovery is underway, although the British Airways-owner said significant uncertainty remained.
* MSCI Asia ex-Japan -1.33%; Nikkei down 1.8% * European share futures point to lower open. * Investors still 'rattled' by China regulatory measures -portfolio manager. * Dollar set for worst week since May. By Andrew Galbraith.
IAG said summer capacity would rise to 45% of pre-pandemic levels from 22% in the previous quarter, in the latest sign that a travel recovery is underway, although the British Airways-owner said significant uncertainty remained.
Shanghai aluminium prices rose on Friday, hovering near a 11-year high, on supply worries in China amid a fresh round of electricity restrictions in major producing province of Yunnan. The most-traded September aluminium contract on the Shanghai Futures Exchange rose 1.6% to 19,890 yuan a tonne by 0542 GMT, heading towards a January 2010-high of 20,530 per tonne.
ACT, the leading provider of custom market-based solutions for reducing carbon footprints, today announced a minority investment from Bridgepoint, the quoted private assets growth investor. Founded in 2009 and with offices in Amsterdam, New York, Shanghai, and Paris, ACT helps companies and organizations around the world reduce their carbon footprints.
The Swiss National Bank increased its first half profit to 43.5 billion Swiss francs, it reported on Friday, as buoyant stock markets boosted the value of the central bank's foreign currency investment pile. The SNB posted a profit of 44.5 billion francs from its foreign currency positions, helped by interest and dividend payments from the mountain of bonds and stocks it holds.
The Swiss National Bank increased its first half profit to 43.5 billion Swiss francs, it reported on Friday, as buoyant stock markets boosted the value of the central bank's foreign currency investment pile. The SNB posted a profit of 44.5 billion francs from its foreign currency positions, helped by interest and dividend payments from the mountain of bonds and stocks it holds.
SINGAPORE--Business sentiment in Singapore's manufacturing sector remains positive for the July-to-December period despite the Covid-19 situation and pressure on supply chains, the Singapore Economic Development Board said Friday. Overall, a net weighted 20% of manufacturers anticipate a favorable business situation for the period, the EDB said. A weighted 26% of manufacturers expect better business conditions, while a weighted 6% foresee a weaker business outlook.
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