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Basic Materials

Petrobras CEO says too early to make carbon commitment

LONDON, Dec 6 The chief executive of Brazilian state-run oil firm Petroleo Brasileiro SA said on Friday it was too early to commit to a climate target and that energy companies had a range of thoughts on the matter.

9:09pm IST

Bayer reaches agreement to postpone more glyphosate lawsuits for settlement talks

FRANKFURT, Dec 6 Germany's Bayer has agreed with plaintiffs to postpone its next two U.S. lawsuits over the alleged cancer-causing effects of its glyphosate-based weed killers to allow more time for talks on a settlement.

8:19pm IST

UPDATE 1-GFG agrees to buy Duffel aluminium plant in Belgium from Novelis

LONDON, Dec 6 GFG Alliance, owned by British commodities tycoon Sanjeev Gupta, has agreed to buy the Duffel aluminium plant in Belgium from Novelis, the group said on Friday.

6:30pm IST

Asia Gold-India sees only modest demand from weddings, slight uptick in China

* Slight pick-up in demand from wholesalers in Singapore -dealer

6:27pm IST

South African Airways to restructure under 'business rescue'

JOHANNESBURG, Dec 6 South African Airways (SAA) said on Friday it has applied to enter 'business rescue', a form of bankruptcy protection it hopes will save the cash-strapped state carrier from collapse.

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Global Markets: Stocks rally, dollar gains on robust U.S. jobs data

NEW YORK The dollar rose and global equity markets rallied on Friday after data showed U.S. job growth increased by the most in 10 months in November, putting to rest fears of recession and briefly taking the spotlight off the U.S.-China trade talks.