Nasdaq Commodities

It is not only the slower-than-expected global oil demand recovery that is weighing on oil prices. Some major geopolitical events and the return of previously curtailed U.S. shale production are set to weigh on the price of oil in the near to medium term.

Malaysia's flagship budget airline AirAsia Group Bhd slipped to a loss in the second quarter, it said in a bourse filing on Tuesday, posting a fourth straight quarterly loss as revenue dropped.

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Hungary's Wizz Air warned its industry-leading recovery could stall as COVID-19 warnings and restrictions hamper travel across Europe, but said Britain's quarantine rules had not led it reconsider long-term expansion plans there.

Middle East airlines Emirates and Etihad Airways have again asked cabin crew to take unpaid leave as they try to manage the impact from the COVID-19 pandemic, according to internal memos and sources familiar with the matter.

Malaysia's flagship budget airline AirAsia Group Bhd flipped to a loss in the second quarter, it said on Tuesday, charting a fourth straight quarterly loss as revenue took a hit from the coronavirus pandemic.

India's ICICI Bank Ltd has begun using satellite images of farmland to help assess farmers' credit-worthiness, a move the bank says is helping cut travel costs and make faster lending decisions in a world hit by the COVID-19 pandemic.

Virgin Australia Holdings Ltd's unsecured creditors will receive an average return of 9%-13% of their funds as part of U.S. private equity group Bain Capital's proposed purchase of the airline, administrator Deloitte said in a report on Tuesday.

Thailand’s bankruptcy court will hand down its decision regarding Thai Airways International Pcl’s request for restructuring on Sept. 14, the airline said on Tuesday.

Yara, one of the world's largest fertiliser makers, has completed a long-awaited sale of its stake in Qatar Fertiliser Company, paving the way for a significant share buyback program, the Norwegian company said on Tuesday.

Spectacles maker EssilorLuxottica said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision, after it lost a Dutch court case which could jeopardise the deal.

Spectacles maker EssilorLuxottica said on Tuesday that it may appeal against an earlier court verdict regarding its planned takeover target GrandVision, after it lost a Dutch court case which could jeopardise the deal.

Qantas Airways Ltd said on Tuesday it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a A$10 billion ($7.17 billion) hit to revenue due to the pandemic this financial year.

Qantas Airways Ltd said on Tuesday it planned to cut up to 2,500 jobs by outsourcing its Australian ground handling operations to lower costs as it braces for a A$10 billion ($7.17 billion) hit to revenue due to the pandemic this financial year.

Top U.S. and Chinese officials, who spoke by phone on Monday, see progress on resolving issues over the Phase 1 trade deal reached in January and both sides are committed to the success of the agreement, the U.S. Trade Representative's Office said.

Virgin Australia Holdings Ltd's unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity group Bain Capital's proposed purchase of the airline, administrator Deloitte said in a report on Tuesday.

Virgin Australia Holdings Ltd's unsecured creditors will receive an average return of 9-13% of their funds as part of U.S. private equity group Bain Capital's proposed purchase of the airline, administrator Deloitte said in a report on Tuesday.

Virgin Atlantic's creditors will vote on a 1.2 billion pound ($1.6 billion) rescue plan on Tuesday in a crucial test of the airline's ability to survive in an industry devastated by the COVID-19 pandemic.

President Donald Trump said on Monday his administration would provide an additional $1 billion to a program that provides food to American families dealing with the economic hardship from the coronavirus pandemic.

Delta Air Lines is set to furlough 1,941 pilots in October, the carrier said in a memo seen by Reuters on Monday that noted the fallout from the COVID-19 pandemic and plunging air travel demand.