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.
Stocks Close Higher After GDP Data. Share benchmarks edged up after fresh data on economic growth and the labor market provided insight into the state of the recovery, amid a flurry of corporate results. Import Surge Overwhelms Warehouse Space Near Ports.
* Silver heads for first weekly gain in four. * SPDR Gold ETF holdings rise 0.6% on Thursday. * Dollar set for its worst week since May. By Eileen Soreng. Gold was set on Friday for its best week in more than two months on renewed signs that the U.S. Federal Reserve might not taper economic support and hike interest rates in the near term.
Here are some of the main factors that may affect Swiss stocks on Friday: CREDIT SUISSE. Ralf Hafner, the chief risk officer, of Credit Suisse's investment bank is to leave in August, the Wall Street Journal reported. UBS. Wells Fargo has recruited an $800 million UBS team amid falling headcount, Barron's reported. GIVAUDAN.
The following are some of the factors that may move German stocks on Friday: DEUTSCHE TELEKOM. T-Mobile US (TMUS) added more monthly-bill-paying phone subscribers than expected during the second quarter, helped by higher demand for 5G-related services and devices driven by remote working and learning trends. FRESENIUS. Second-quarter results due. FRESENIUS MEDICAL CARE. Second-quarter results due. LINDE.
North Korea's economy likely shrank the most in more than two decades last year, as pandemic lockdowns and continued U.N. sanctions weighed on its growth, South Korea's central bank said Friday. North Korea's gross domestic product is estimated to have contracted 4.5% in 2020-- the worst since 1997-- after expanding an estimated 0.4% in 2019, the Bank of Korea said in an annual report. North Korea doesn't announce its own official GDP data.
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