The billionaire Italian family that until recently owned Brooks Brothers has been accused in a lawsuit of driving the iconic apparel retailer into bankruptcy instead of selling it, to avoid paying millions of dollars to an investor.
India's government plan to increase ethanol blending in gasoline will erase the country's exportable sugar surplus in two to three years, according to the chairman of a large Indian company in the sector.
Sugar production in the European Union (EU) is expected to rise by 800,000 tonnes in the 2021/22 season to 14.7 million tonnes, despite a marginal decrease in beet plantings, Peter De Klerk, senior economist at the International Sugar Organization, said on Tuesday.
Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down domestic prices, the country's main producer groups said in a joint statement on Tuesday.
British retailer Marks & Spencer has promoted strategy chief Katie Bickerstaffe and food boss Stuart Machin in a major shake-up of its management team's responsibilities, making them the internal frontrunners to succeed Steve Rowe as chief executive.
Argentine farm groups will halt trading of livestock in protest against a 30-day government ban on beef exports aimed at bringing down prices, the country's main producer groups said in a joint statement on Tuesday.
In our monthly analysis of Over-the-Counter trading volumes for the major precious metals, explore some interesting patterns in April. Probably the most telling is that, except for palladium, spot volumes were down substantially when compared with the daily average for Q1.
Lufthansa said on Tuesday it was seeing a surge in demand for flights to the United States and to European destinations following a loosening of German travel restrictions as coronavirus case numbers decline.
Russia's S7 Airlines on Tuesday joined Aeroflot in its decision to cancel flights to Turkey this summer as they await a government decision to lift flight restrictions introduced over COVID-19.
The roughly 10 million ounce-a-year palladium market will be undersupplied by around a million ounces in 2021 and the price will average $3,000 an ounce, up 37% from 2020 and the highest on record, consultants Metals Focus said on Tuesday.
British retailer Marks & Spencer on Tuesday promoted food boss Stuart Machin and strategy chief Katie Bickerstaffe as part of a major shake-up of its leadership team's responsibilities.
The large old-new crop inverse in Chicago soybean futures suggests the market is much more comfortable about next year’s supply prospects than current ones, but there is not a lot of comfort implied with both prices at record levels for the time of year.
World stocks pushed higher on Tuesday and the dollar dipped to near three-month lows as bets that U.S. interest rates would remain low helped investors look past any short-term damage stemming from increased COVID-19 infections in Asia.
Malaysian palm oil futures jumped 5% on Tuesday, fuelled by concerns over tight global edible oil supplies due to estimates of lower output in Malaysia and slower than expected U.S. corn planting.
German police on Monday evening detained a man on suspicion of involvement in a 2019 jewel heist at a museum housing one of Europe's greatest collections of treasures, the Dresden public prosecutor's office said.
Norwegian Air's court-ordered debt reconstruction plan is now legally binding, and the airline expects to complete its financial rescue as planned on May 26, it said on Tuesday.
Raw sugar futures on ICE rose on Tuesday amid upbeat sentiment in the wider financial markets as investors overlook rising COVID-19 cases in Asia to focus on bets that U.S. interest rates will remain low.
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