Nasdaq Commodities

L Brands Inc has decided to spin off lingerie brand Victoria's Secret rather than sell it, with the deal expected to close in August, the New York Times reported on Tuesday, citing sources.

Europe's Airbus is asking key suppliers to get ready for a further 18% increase in A320-family jetliner output on top of current targets to 53 a month by end-2022, as airlines gear up for a return towards normal travel, industry sources said.

Malaysian palm oil futures fell for a second straight day on Tuesday, as pressure from rising inventories and upbeat outlook for U.S crop plantings countered a surge in May exports so far.

Copper prices rebounded on Tuesday as investors renewed their buying spree, hoping that supply constraints and buoyant demand would push the market to new peaks.

Shipping group Maersk said on Tuesday it expects average returns on invested capital towards 2025 to be significantly above recent years, propelled by high demand for containers to meet a surge in consumer orders.

A drop in electricity generation in Ivory Coast and Ghana has left households and businesses fuming as well as cutting power supplies to neighbouring West African countries Mali and Burkina Faso, officials said.

The area sown with grain maize in France is expected to fall by 10% this year as spring crops lose strong gains made in 2020, the farm ministry said on Tuesday.

British Airways-owner IAG said it would launch a convertible bond with an initial issue size of 800 million euros, the group's latest move to strengthen its balance sheet as travel continues at very low levels during the pandemic.

French farmers are expected to sow 1.44 million hectares of grain maize this year, down from 1.61 million in 2020, the farm ministry said on Tuesday in its first estimate of the 2021 maize area.

The European Union is willing to see its COVID-19 vaccine contract with AstraZeneca fulfilled by the company three months later than agreed, providing AstraZeneca delivers 120 million vaccines by the end of June, a lawyer representing the EU told a Belgian court on Tuesday.

Lufthansa will extend until May 2022 an agreement that allows passengers of smaller rival Condor to use Lufthansa feeder flights as part of their journey to holiday destinations, a spokesman for the company said on Tuesday.

British Airways-owner IAG said it would launch a convertible bond with an initial issue size of approximately 800 million euros due in 2028 to strengthen its balance sheet.

London copper prices climbed on Tuesday, as traders bet on demand prospects from metal-reliant renewable energy and electric vehicles (EV) sectors and as the global economy steadily recovers from the fallout of the COVID-19 pandemic.

Norwegian ammonia maker Yara and Japanese power company JERA have signed a memorandum of understanding (MoU) on the delivery of emissions-free ammonia as fuel for electricity generation in Japan, the companies said on Tuesday.

Malaysian palm oil futures gave up early gains to trade flat on Tuesday, as pressure from rising inventories and upbeat outlook for U.S crop plantings countered a surge in May exports so far.

Australia's Pilbara Minerals said on Tuesday it has signed a deal with minerals technology company Calix Ltd to explore lithium salts production that would lower emissions generated to manufacture battery raw materials.

The Korea Feed Association (KFA) has issued an international tender to purchase up to 69,000 tonnes of corn to be sourced from optional origins, European traders said on Tuesday.

Limited long-distance flights and a resurgence in COVID-19 cases in India will keep jet fuel demand below pre-pandemic levels over the coming months, even as the easing of lockdowns in other parts of the world boosts demand for the aviation fuel.

Renewable energy grew at its fastest pace in two decades last year, led by China, and will continue to grow in the next two years, a report by the International Energy Agency (IEA) showed on Tuesday.

German potash and salt miner K+S raised its 2021 core profit forecast on Tuesday, saying a recent rise in potash prices should have an increasingly positive impact in the coming quarters.