Nasdaq Commodities

General Electric Co said on Wednesday Ireland's AerCap Holdings NV would acquire its aircraft-leasing business in a deal valued at more than $30 billion.

Italian aerospace and defence group Leonardo is confident it will meet guidance this year on earnings, debt and cashflow despite bigger losses at its Aerostructures division, senior managers said on Wednesday.

General Electric Co said on Wednesday Ireland's AerCap Holdings NV would acquire its aircraft-leasing business in a deal that will help reduce the company's debt by $30 billion.

British clothing retailer Next has agreed to acquire a 25% stake in upmarket smaller rival Reiss and has an option to take its holding to 51%, it said on Wednesday.

Europe's main index hovered near pre-pandemic highs on Wednesday, as a rise in shares of Adidas after an upbeat sales forecast and gains in telecoms stocks outweighed losses in mining and travel sectors.

Bella Gwada picks purple-tipped tea leaves at a farm in central Kenya early on a Saturday morning before moving to process, brew and taste the produce which had been harvested earlier.

Chinese aluminium smelter Henan Shenhuo Group has signed a deal to buy 300,000 tonnes of raw material alumina this year from Eurasian Resources Group (ERG), doubling its original purchases from the company, Shenhuo chairman Li Wei said on Wednesday.

German sportswear maker Adidas AG predicted a strong rebound in sales in 2021, particularly in China, the rest of Asia and Latin America, although its profits will be trimmed by costs associated with divesting the Reebok brand.

Ruffini Partecipazioni, the investment vehicle of Moncler CEO Remo Ruffini, said on Wednesday it had completed the accelerated bookbuilding for the placement of a 3.2% stake at a price of 48.80 euros per share.

Copper futures advanced in London on Wednesday buoyed by hopes of rising demand, but prices in Shanghai fell on fears of policy tightening by top consumer China.

China's seed regulations need to be overhauled to boost innovation and protect investment in new products, executives said this week, amid a renewed focus on the sector for its critical role in ensuring food security.

Vietnam's central bank said on Wednesday it is planning to provide an interest-free loan of up to 4 trillion dong ($173.54 million) to Vietnam Airlines to help the flag carrier weather the wide impact of the coronavirus pandemic.

Hong Kong's Cathay Pacific Airways Ltd reported on Wednesday a record annual loss of HK$21.65 billion ($2.79 billion), caused by a sharp downturn in travel associated with the pandemic, restructuring costs and fleet writedowns.

Qantas Airways Ltd's budget arm Jetstar is flying 90% of its pre-pandemic domestic schedule in March amid a rebound in demand as state borders have reopened in Australia, Jetstar's chief executive said on Wednesday.

Hong Kong's Cathay Pacific Airways Ltd reported on Wednesday a record annual loss of HK$21.65 billion ($2.79 billion), due to a sharp downturn in travel associated with the coronavirus pandemic, restructuring costs and fleet writedowns.

Copper prices rose in London but fell in Shanghai as investors weighed hopes of rising demand against fears of tightening policy in top consumer China that could dampen liquidity flow.

China’s wheat carryout in 2020-21 is set to fall for the first time in eight years, though that is not saying much given that the world’s leading grower has more than a year’s worth of supply in storage.

Two special committees of Mexico's Lower House of Congress late on Monday approved a draft bill to decriminalize marijuana and sent it on to the full chamber, bringing it a step closer to creating one of the world's largest markets for the drug.

Shortly after the military seized power, 55 foreign investors in Myanmar from Coca Cola to Facebook signed a statement committing to the country and employees there during developments of "deep concern".

Treasury Wine Estates Ltd said on Wednesday U.S.-based Wine Group will sell several of the Australian company's brands that are made in the United States.