Malaysia's palm oil sector could generate additional output and revenue of up to 4 billion ringgit ($845.84 million) this year, following a government move that would allow plantations to hire foreign workers, an industry group said on Wednesday.
London copper prices rose to a three-week high on Wednesday on reinforced hopes of more stimulus measures from top metals consumer China, after it cut the amount of cash that banks must hold as reserves.
Malaysian palm oil futures extended early gains on Wednesday to its highest in over two months, underpinned by expectations of a decline in output at the world's second-largest producer.
A planned two-day strike action by Finnish industrial workers will hit output from Neste's oil refinery in Finland early next month, a labour union official told Reuters.
Protesting farmers blocked roads across France on Wednesday to press the government to ease its drive for lower consumer prices and reduce environmental regulations.
Indian shares settled higher in a volatile session on Wednesday, as metal stocks gained on supply concerns from Russia and on hopes of stimulus from Chinese government.
Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bought an estimated 136,000 metric tons of animal feed corn in an international tender on Wednesday, European traders said.
Strong domestic demand is tightening India's corn supplies, with the country's consumption of the animal feed ingredient seen growing by up to 2 million metric tons a year, a senior executive of global trading firm Louis Dreyfus said.
South Korean aero parts supplier KP Aero Industries said on Wednesday it plans to invest $20 million in a Vietnam factory to assemble components for Boeing planes, a move that would expand the U.S. aviation firm's manufacturing network in the Southeast Asian country.
Puma on Wednesday said it expected mid-single-digit currency-adjusted growth in its 2024 sales, after reporting preliminary currency-adjusted sales growth of around 6.6% for 2023.
Norwegian Air on Wednesday raised its earnings forecast for 2023, saying it now expects an operating profit of about 2.2 billion Norwegian crowns ($209.65 million), up from an earlier range between 1.8 billion and 2 billion crowns.
British carrier EasyJet said on Wednesday it expected smaller losses in the first half of the year despite a direct hit of about 40 million pounds ($50.80 million) from the conflict in the Middle East and expected strong summer bookings.
Protests by French farmers demanding better working and living conditions could intensify and road blockades could target Paris, the head of the country's biggest farming union said on Wednesday.
Aluminium prices touched their highest levels in more than a week on Wednesday as traders gauged risks of global supply shortage following reports of potential EU sanctions on Russia, one of the world's top producers.
Russian energy company Novatek resumed fuel loadings on Wednesday at its Baltic Sea Ust-Luga terminal, damaged in a suspected drone attack, according to industry sources and LSEG data.
Barry Callebaut's sales volumes rose slightly in the three months to the end of November despite the challenging market environment of record-high cocoa prices, the world's biggest chocolate maker said on Wednesday.
Carrying more stock, switching to suppliers nearer to consumers and reducing dependence on China are tactics European and U.S. retailers used to build more resilient supply chains following disruptions during the COVID-19 pandemic.
U.S. aerospace supplier Arconic Corp, controlled by private equity firm Apollo Global Management, is selling its China business in a deal that could value it at as much as $300 million, three people with knowledge of the matter said.
The nose wheel of a Boeing 757 passenger jet operated by Delta Air Lines popped off and rolled away as the plane was lining up for takeoff over the weekend from Atlanta's international airport, according to the Federal Aviation Administration (FAA).
Reuters
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