Australian airline Regional Express Holdings Ltd (Rex) is not doing as well as it would like on the highly competitive Sydney-Melbourne route, where it is offering A$39 ($30.38) fares on most flights, its deputy chairman said on Wednesday.
Malaysian palm oil futures hit a record high of 4,513 ringgit ($1,094.33) a tonne on Wednesday, helped by concerns of tight global edible oil supply and on trader positioning ahead of a key U.S. report for grains and soybeans.
Australia's budget will be in the red for the foreseeable future, Prime Minister Scott Morrison said on Wednesday, as he defended the government's big spending plans as necessary to secure an economic recovery from the COVID-19 pandemic.
Chicago soybeans climbed more than 1% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned prices.
U.S. soybean futures rose about 1% on Wednesday to hit their highest level in nearly nine years as concerns over tight global supplies underpinned the market.
Copper continues to rewrite the record books. London Metal Exchange (LME) three-month metal CMCU3 punched through its previous record high of $10,190 a tonne, set in 2011, to touch $10,747.50 on Monday.
Market analysts predict both U.S. and Brazilian agencies on Wednesday will slash Brazil’s corn crop due to relentless dry weather in some key areas, though the expected cuts might not be big enough as May is forecast to be very light on the moisture.
Brazilian meatpacker BRF SA said on Tuesday that it was evaluating the financial impact of new restrictions on chicken sales in Saudi Arabia that will cut the shelf-life of frozen chicken to 3 months from a previous limit of one year.
Britain said on Wednesday it would ban the live export of animals for slaughter and fattening, explore prohibiting the sale of foie gras and formally recognise animals as sentient beings as part of a post-Brexit welfare plan.
Singapore Technologies (ST) Engineering Ltd and state investor Temasek Holdings [TEM.UL] said they have set up a joint venture for freighter aircraft leasing to take advantage of strong demand for converted passenger planes.
Benchmark U.S. soybean futures jumped above $16 a bushel on Tuesday for the first time since 2012 as traders focused on tightening feed grain supplies and dry weather in Brazil's corn belt, traders said.
"Want the COVID-19 vaccine? Have a U.S. visa? Contact us," reads a travel agency advertisement, offering deals to Mexicans to fly to the United States to get inoculated.
A Chevron Corp and Phillips 66 petrochemical joint venture imported significant quantities of the toxic chemical benzene into the United States for several years without reporting it to regulators as required by law, according to a company document seen by Reuters.
A Chevron Corp and Phillips 66 petrochemical joint venture imported significant quantities of the toxic chemical benzene into the United States for several years without reporting it to regulators as required by law, according to a company document seen by Reuters.
Union workers at Brazil's Santos port are planning a 24-hour strike this week due to lack of clarity on how soon they will be vaccinated, according to a notice sent to clients by Commodities/Unimar Shipping on Tuesday and seen by Reuters.
Brazil's Santos port workers are planning a 24-hour strike this week due to the lack of a schedule for when they will be vaccinated, according to a notice sent to clients by Commodities/Unimar Shipping on Tuesday and seen by Reuters.
Sales at Salvatore Ferragamo bounced back in the first three months of the year thanks to strong growth in Asia and the United States, adding to signs of a comeback for the luxury goods sector.
Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Chief Executive Martina Merz said on Tuesday.
Checked
13 minutes 15 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities