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French luxury goods group Kering said on Wednesday it would sell a 5.9% stake in German sportswear company Puma via a placement to investors.

Italy's plan to set up a successor to its loss-making flag carrier Alitalia cleared a key hurdle on Wednesday after the European Commission said it had reached an understanding with Rome on parameters to ensure the new airline is independent from the old one.

A fifth of cocoa purchases by multinational companies in Ivory Coast must be fulfilled by local firms in an effort to improve competition in the world's largest cocoa-exporting economy, according to a government decree on Wednesday.

Delta Air Lines Inc has stopped buying the credits its oil refining arm needs to comply with U.S. biofuel laws, leaving it with a $346 million liability at the end of the first quarter, as it tries to persuade the White House to ease its obligations, according to previously unreported financial filings and sources familiar with the matter.

A U.S. judge rejected Bayer's $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, according to a court filing on Wednesday.

Alitalia will introduce from July 9 direct flights between Rome and Tokyo for passengers who test negative for COVID-19, the carrier said on Wednesday, adding that in the coming weeks it would also broaden its offer for tourists travelling to Europe.

Pressure is growing for an impartial safety probe into the forced landing of a Ryanair jet in Minsk, including review of the plane's black boxes - a move fraught with sensitivities over access to evidence, aviation experts said.

Ivory Coast's government has ordered that 20% of cocoa purchases by multinational companies must be fulfilled by local firms in an effort to improve their competitiveness, government spokesman Amadou Coulibaly said on Wednesday.

In trading on Wednesday, shares of Ball Corp (Symbol: BLL) entered into oversold territory, changing hands as low as $81.50 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a

The Federal Aviation Administration said Wednesday it is finalizing rules establishing a long-delayed electronic pilot records database demanded by Congress in 2010 in the wake of a fatal crash.

The chief executive of British Airways-owner IAG, Luis Gallego, said on Wednesday he hoped the North Atlantic corridor for air travel would be open by late June, early July.

Brazil's center-south sugar and ethanol production in the first half of May progressed above expectations, catching up with previous delays in the season and nearing levels seen at this time last season when the country had a record sugar crop.

Ryanair is appealing a decision by Italy's antitrust authority to fine it 4.2 million euros ($5.1 million) for not refunding costumers for flights cancelled after June 2020 due to the COVID-19 crisis, the airline said on Wednesday.

Indian sugar mills have started selling sugar without the support of government subsidies, which could lift exports by 14% from a year ago to a record 6.5 million tonnes in 2020/21, industry officials told Reuters on Wednesday.

Brazilian airline Azul SA has approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters.

Arabica coffee hit a new four year high on Wednesday amid worries over shrinking supplies in top producer Brazil, while raw sugar futures fell, heading back towards a one month low.

Ships were unable to move at the Argentine grains hub of Rosario on Wednesday due to a strike by tugboat captains and other maritime port workers demanding access to COVID-19 vaccinations.

The Federal Aviation Administration said Wednesday it is finalizing rules establishing a long-delayed electronic pilot records database demanded by Congress in 2010 in the wake of a fatal crash.

The Brazilian airline Azul SA has approached Chile's bankrupt LATAM Airlines Group with the aim of buying its Brazilian operation, a source familiar with the situation told Reuters.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.