A ship carrying around 14,000 sheep and 2,000 cattle is marooned off the coast of Australia in sweltering heat after it was forced to abandon a trip through the Red Sea, causing outcry from people concerned about the animals' welfare.
Chicago wheat futures fell on Wednesday and headed for their first monthly decline since September, as falling Russian export prices and a strengthening dollar weighed on U.S. prices.
South Korean flag carrier Korean Air Lines has received approval for its proposed merger with Asiana Airlines from Japan's Fair Trade Commission, Korean Air said in a statement.
South Korean flag carrier
Korean Air Lines has received approval for its
proposed merger with Asiana Airlines from Japan, a
Korean Air spokesperson said.
Amer Sports' growing reliance on China for its revenue is weighing on the appetite of those considering buying into the sporting equipment maker's $1.8 billion U.S. initial public offering (IPO), four people involved in the process told Reuters.
London copper prices slipped on Wednesday with China's soft industrial data weighing on sentiment, while traders stayed on the sidelines ahead of a rate decision from the Federal Reserve.
Jakir Khan, an Indian farm worker, says he has cut down on food as his income has halved. There are fewer and fewer opportunities, he says, for employment in his small village in Uttar Pradesh state.
The Australian government has awarded an energy transition grant worth A$63.2 million ($41.5 million) towards the purchase and commission of a new furnace at a Liberty steel plant in South Australia owned by commodities tycoon Sanjeev Gupta.
China on Wednesday reported the death of a woman due to an infection of combined H3N2 and H10N5 strains of bird flu after a cross-species transmission, but said the risk of human-to-human transmission is low.
China has banned the direct and indirect import of ruminants and its related products from Iraq due to an outbreak of bluetongue disease, the General Administration of Customs said.
Malaysian palm oil futures fell on Wednesday tracking weaker rival edible oils, although a muted ringgit and strong economic growth forecast for top importer India capped losses.
London copper prices were subdued on Wednesday ahead of the conclusion of the U.S. Federal Reserve's two-day meeting, heading for a slight monthly gain amid supply disruption.
Taiwan's government expressed anger after China "unilaterally" changed a flight path close to the sensitive median line in the Taiwan Strait, saying it appeared to be a deliberate attempt to change the status quo for possible military means.
Chicago wheat futures fell on Wednesday and headed for their first monthly decline since September, as falling Russian export prices and a strengthening dollar weighed on U.S. prices.
New Zealand's business confidence rose in January with inflation expectations taking a step lower, but the proportion of firms planning to raise their prices remained stubbornly high, an ANZ Bank survey showed on Wednesday.
Brazil and Bolivia will carry out studies on building fertiliser factories in both countries, which could help reduce their dependence on imported fertilisers, Brazil's agriculture ministry said on Tuesday.
Exports from Latin American and Caribbean countries contracted last year after two years of strong post-pandemic growth, according to a report published on Tuesday by the Inter-American Development Bank (IDB), which warned of further decline.
Mondelez International posted a rise in fourth-quarter sales on Tuesday, but price hikes took a toll on volumes as it squeezed demand for the Cadbury parent's chocolates and salty crackers and sent its shares down more than 3% after the bell.
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.
Reuters
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11 minutes 32 seconds ago
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