Nasdaq Commodities

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

Copper prices rose on Thursday towards 10-year highs hit last month as a bumper U.S. stimulus bill, benign U.S. inflation data and better than expected Chinese lending numbers spread a bullish mood through markets.

British American Tobacco said on Thursday it will buy a nearly 20% stake in Canada-based cannabis producer Organigram for about 126 million pounds ($175.81 million) as it diversifies beyond its main tobacco business.

Ryanair, Easyjet and other low-cost airlines have written to the European Union asking that its plan to force carriers to use a certain share of sustainable fuels apply to all flights, not just short-haul ones.

The Securities Commission of Malaysia has begun investigating palm giant Sime Darby Plantations, the company said on Thursday, following a complaint by a non-government body in the wake of a U.S. ban on imports over accusations of forced labour.

Around 1,050 of H&M's around 5,000 stores remain temporarily closed due to the COVID-19 pandemic and government measures to stop it, a spokesman at the Swedish group said on Thursday.

Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline's plan to sharply cut debt and trim the fleet to overcome the coronavirus pandemic.

Today's main event is the European Central Bank's policy meeting which comes against the backdrop of rising bond yields.

Norwegian Air said it had presented an updated restructuring proposal to creditors on Thursday, a major step in the airline's plan to sharply cut its debt and trim the fleet to overcome the coronavirus pandemic.

German fashion house Hugo Boss expects coronavirus restrictions to keep weighing on its business in the first quarter, but forecast a gradual recovery from the second quarter, helping sales and operating profit rise in 2021.

On a chilly Saturday in central Stockholm, around 150 people queue on a street, squinting into the low sun, checking their watches and hoping to make it into Systembolaget - Sweden's state alcohol monopoly - before it shuts at 3 p.m.

Malaysia's Securities Commission has begun an investigation into palm giant Sime Darby Plantations, the company said on Thursday, following a complaint by a non-government body in the wake of a U.S. ban on imports over accusations of forced labour.

Ryanair, Easyjet and other low-cost airlines have written to the European Union asking that its plan to force carriers to use a certain share of sustainable fuels apply to all flights, not just short-haul ones.

Dubai's Emirates has told employees to take a free coronavirus vaccine or pay for tests to prove they are not infected with the deadly disease, cautioning that an unvaccinated workforce could create operational issues.

The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic.

Copper prices rose on Thursday as the United States moved to pass a $1.9-trillion stimulus bill, while a potential strike in top producer Chile threatened supply.

Australian shares tracked global markets higher on Thursday, as inflation concerns eased after a report on U.S. consumer prices, while domestic travel stocks surged on expectations of a government package to support the sector.

The Australian government unveiled a A$1.2 billion ($928 million) tourism support package on Thursday, aimed at boosting local travel while international routes remain closed because of the coronavirus pandemic.

Rio Tinto said on Thursday it had signed an agreement to supply the first batch of its aluminium-scandium alloy produced in North America to additive manufacturer and developer Amaero, to be used to develop powder for 3D printing.

Britain's Marks & Spencer said on Thursday it would launch a wave of guest clothing brands on its website this spring, including Hobbs, White Stuff, Joules and Sloggi, in bid to accelerate online growth.