Brazilian airline Gol said on Thursday it is filing for Chapter 11 bankruptcy protection in the United States, with a $950 million financial commitment from its controlling shareholder Abra Group.
Argentina's Buenos Aires grains exchange on Thursday lifted its production forecasts for 2023/24 soy and corn to 52.5 million metric tons and 56.5 million tons respectively as the country heads for a bumper crop helped by improved rains this season.
A shareholder of Archer-Daniels-Midland has sued the commodities trader in U.S. federal court, days after the company's stock plunged 24% on news that a securities regulator was investigating accounting practices in its nutrition segment.
Wall Street stocks climbed on Thursday as news of strong U.S. economic growth in the fourth quarter boosted sentiment, while Tesla tumbled following a disappointing sales forecast.
Argentina's Buenos Aires grains exchange on Thursday lifted its production forecasts for 2023/24 soy and corn to 52.5 million metric tons and 56.5 million tons respectively as the country heads for a bumper crop helped by improved rains this season.
London cocoa futures on ICE turned lower on Thursday after setting a record peak amid concerns that recent sharp price rises and high freight costs may curb demand.
U.S. soybean futures fell about 1.5% on Thursday, pressured by weak export demand for U.S. supplies of the oilseed given strong competition from Brazilian supplies, along with sliding values for soybean oil, traders said.
Ukraine has managed to boost its Black Sea grain exports to a level not seen since before Russia's invasion, although the Red Sea shipping crisis poses a new challenge to its crucial agricultural trade.
Sales of ethanol in the Brazilian market increased sharply in January according to industry data released on Thursday with mills very active in the selling side as they are apparently running out of storage space due to a bumper crop.
Luxury goods group LVMH posted a 10% rise in fourth quarter sales, as growth edged up from the previous quarter, driven by resilient demand - including from Chinese buyers - for its high end fashion over the all-important end-of-year period.
Levi Strauss said on Thursday it has agreed to extend its stadium naming rights partnership deal for the American football team San Francisco 49ers' home venue till the 2043 NFL season.
Ukraine's higher than expected sugar imports into the European Union (EU) have led to a steep fall in prices that will threaten the bloc's industry unless quotas are re-introduced, the leaders of France's largest sugar maker Tereos said on Thursday.
Mexican airline Aeromexico expects to reinstate its Boeing 737 Max-9 aircraft to the fleet in the coming days, following safety inspections requested by the U.S. Federal Aviation Administration (FAA), the company said in a statement Thursday.
London cocoa futures on ICE turned lower on Thursday after setting a record peak with concerns that recent sharp prices rises and high freight costs may curb demand.
An effort by Republican U.S. lawmakers to reallocate $18 billion in climate-friendly agriculture funding under President Joe Biden's signature climate law would shift money away from programs that primarily benefit farmers in Republican-leaning states, a Reuters analysis found.
The second-largest U.S. aluminum smelter in southeast Missouri will not require "most employees" after curtailing its operations by Jan. 28, according to a local news report on Wednesday, citing a letter from plant management.
Reuters
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