Brazil shoe retailer Arezzo and clothes retailer Grupo Soma said on Wednesday they are in talks for a potential business tie-up, though they added that no binding documents have been inked so far.
Brazil's 2024/25 (July-June) coffee production was projected on Wednesday at 67.15 million bags, only about 2% more than the previous crop output, as unfavorable weather will prevent the new crop from reaching its full potential, said trader Comexim.
U.S. wheat futures fell nearly 2% on Wednesday, retreating after a day earlier rally, while corn and soybeans also sagged as market players sought fresh direction, analysts said.
German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company's break-up with Kanye West and the discontinuation of its Yeezy business.
Amer Sports' growing reliance on China for revenue is weighing on investor interest in the sporting equipment maker's U.S. initial public offering (IPO), which had sought to raise up to $1.8 billion, people involved in the process said.
Brazil's mining industry exports grew 9.5% in 2023 from the previous year to 392 million tonnes, according to data released on Wednesday by industry group Ibram.
Brazilian shoe retailer Arezzo is close to announcing a possible merger with fashion company Grupo Soma in a stock-swap deal, local business outlet Neofeed reported on Wednesday, citing sources familiar with the matter.
German sportswear maker Adidas expects operating profit to nearly double to about 500 million euros ($542.3 million) this year after the company's break-up with Kanye West and the discontinuation of its Yeezy business.
Boeing has been sued by shareholders who said the company prioritized profit over safety and misled them about its commitment to making safe aircraft, prior to the Jan. 5 mid-air cabin panel blowout on an Alaskan Airlines 737 MAX 9.
Lenders to India's Go First are looking to seek an extension of the insolvency process by another 60 days amid interest from potential suitors, two banking sources said.
Argentina's farm regions are set for a heat wave over the next week, followed by rains that will douse the northern, western and southern regions, but largely miss the center-east zone, the Buenos Aires grains exchange said on Wednesday.
London cocoa futures on ICE hit a record high on Wednesday, extending the market's prolonged advance on tightening stocks after poor crops in West Africa.
India's major wheat-growing areas in the north, as well as other parts of the country, could experience above normal temperatures in February, India's state-run weather office said on Wednesday, raising concerns about crop yields.
Nigeria's central bank said it had cleared the entire backlog of verified claims owed to foreign airlines whose payments had been blocked in the country, but airline association IATA said another $700 million of owed money remained in Nigerian banks.
Copper prices held steady on Wednesday but came under pressure from data showing contraction in manufacturing activity in China and a stronger dollar ahead of an interest rate decision from the U.S. Federal Reserve later in the day.
Sugarcane crushing in Brazil's center-south is expected to reach 622.1 million metric tons in 2024/25, agribusiness consultancy StoneX said on Wednesday, lowering the forecast it made in November by 1% due to low rainfall in both December and January.
Chicago soybean, corn and wheat futures eased on Wednesday after a day-earlier rebound as renewed concerns about Chinese demand put the focus back on swelling global supplies.
Reuters
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