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When the government of the south China city of Zhongshan heard that watchmaker Kam Yuen Group was furloughing more than 100 workers, it brokered a deal to shift the surplus staff to another manufacturer - a growing practice

Major Dutch banks ING Groep, ABN Amro and Rabobank are among those owed money by Argentine soy company Vicentin, daily newspaper Het Financieele Dagblad reported on Thursday.

Britain's Rolls-Royce said it aimed to sell its Spanish unit ITP Aero and other assets to raise at least 2 billion pounds to boost its balance sheet, which has been shattered by the travel slump brought on by the coronavirus pandemic.

Malaysia's Sime Darby Plantation said on Thursday it was "exploring all avenues available" to ease a coronavirus-driven labour shortage, including recruiting locals, as it also turned in a sharply higher profit for the second quarter.

Britain's Rolls-Royce said it aimed to sell its Spanish unit ITP Aero and other assets to raise at least 2 billion pounds to boost its balance sheet, which has been shattered by a travel slump brought on by the coronavirus pandemic.

China's environment ministry is sending inspection teams to Aluminum Corp of China (Chinalco), the National Energy Administration, as well as other state-run entities and three Chinese regions, in its latest round of environmental audits.

Asian currencies struggled on Thursday as investors looked to a key speech by Federal Reserve Chairman Jerome Powell for hints on inflation and monetary policy, while Sino-U.S. tensions kept a lid on gains for stock markets.

Asian currencies struggled on Thursday as investors looked to a key speech by Federal Reserve Chairman Jerome Powell for hints on inflation and monetary policy, while Sino-U.S. tensions kept a lid on gains for stock markets.

An indigenous tribe that blocked a key grain export route in the Amazon last week claiming compensation for environmental damage said on Wednesday they failed to reach agreement with Brazil's government and would await a court ruling on the dispute.

United Company Rusal has decided to pull out of an aluminium trading joint venture in southern China, partly due to concerns over the low volumes it has been selling, three sources with knowledge of the matter said.

Air New Zealand Ltd plans to draw on a NZ$900 million ($596.34 million) government loan within days to help it weather the coronavirus pandemic after on Thursday reporting its first annual loss in almost two decades.

Air New Zealand Ltd on Thursday reported its first annual loss since 2002 and forecast a loss in fiscal 2021, hit by aircraft impairment charges and reorganisation costs from a coronavirus-fuelled slump in air travel.

Brazil has asked Chinese authorities to provide results of laboratory tests that detected traces of the novel coronavirus on chicken wings exported by the South American country, according to a statement sent to Reuters by Brazil's Agriculture Ministry on Wednesday.

Hurricane Laura barreled toward the Gulf Coast on Wednesday as a massive Category 4 storm that was strengthening and forecast to cause catastrophic damage and "unsurvivable storm surge" along the Texas and Louisiana border, the National Hurricane Center said.

United Company Rusal has decided to pull out of an aluminium trading joint venture in southern China, partly due to concerns over the low volumes it has been selling, three sources with knowledge of the matter said.

In trading on Wednesday, shares of Aluminum Corp of China Ltd. (Symbol: ACH) crossed below their 200 day moving average of $6.44, changing hands as low as $6.22 per share. Aluminum Corp of China Ltd. shares are currently trading down about 6% on the day. The chart below show

Gatwick Airport, Britain's no.2 airport to the south of London, said it needed to axe up to 600 jobs, nearly a quarter of its workforce, because of the travel slump caused by COVID-19.

President Donald Trump could take executive action to avoid massive layoffs at U.S. airlines, while the coronavirus pandemic weighs on air travel and talks on a new COVID-19 stimulus bill remain stalled in Congress, White House Chief of Staff Mark Meadows said on Wednesday.

Gatwick Airport, Britain's no.2 airport to the south of London, said it needed to axe up to 600 jobs, or 24% of its workforce, because of the travel slump caused by the COVID-19 pandemic.

Eyewear tycoon Leonardo Del Vecchio has won approval from the European Central Bank to raise his 9.9% holding in Mediobanca above a 10% threshold, a source close to the matter said on Wednesday.