It is exactly four months since the historic oil price crash that sent crude prices into negative territory for the first time ever. Since then, WTI and Brent prices have staged a nice recovery to trade at five-month highs.
Deere & Co, the world's largest farm equipment maker, lifted its full-year earnings forecast on Friday after a smaller-than-expected decline in quarterly profit, as the sector benefits from replacement demand and government stimulus.
Deere & Co on Friday revised up its full-year earnings forecast after reporting a smaller-than-expected decline in quarterly profit, as replacement demand for an aging fleet and aggressive government subsidy payments helped underpin farm equipment sales.
China Hongqiao Group, the world's biggest private-sector aluminium producer, said on Friday its output fell 4.1% in the first half from a year earlier as it moved smelting capacity to southwest China to make use of hydro-electric power.
Swissport has secured 300 million euros ($354.5 million) of extra liquidity from senior secured creditors that will support operations while it revamps amid the pandemic crisis, in a move that could squeeze out Chinese owner HNA Group.
British Airways is increasingly likely to face strike action this autumn, as the trade union representing cabin crew said that new contracts offered to the airline's remaining staff did not offer enough stability and could cut pay substantially.
HNA Group [HNAIRC.UL] airport ground services unit Swissport has secured 300 million euros ($354.5 million) of extra liquidity from a group of senior secured creditors that will support operations while it restructures amid the pandemic crisis, it said on Friday.
Swedish online fashion retailer Boozt raised its 2020 profitability forecast for a second time in two months on Friday, after second-quarter sales jumped as many shoppers stayed at home in the COVID-19 pandemic.
Virgin Australia Holdings Ltd bondholders have withdrawn plans for a proposed recapitalisation of the airline that was meant to rival one from U.S. private equity firm Bain Capital, a spokesman for the bondholders said on Friday.
Most of BOC Aviation's (BOCA) airline clients have resumed rental payments, a sign of cautious optimism, after deferring payments when the pandemic struck this year, the Asian lessor's top executive told Reuters in an interview.
New Zealand's a2 Milk Co Ltd said on Friday it had offered to buy a 75.1% stake in dairy products maker Mataura Valley Milk from China Animal Husbandry Group in a NZ$385 million ($252 million) deal.
Indigenous protesters on Thursday blocked a key Brazilian grain highway in the Amazon state of Para, the federal highway police said, resuming a protest that halted trucks carrying corn earlier in the week.
New Zealand's a2 Milk Co said on Friday it made a non-binding offer to buy a 75.1% stake in dairy nutrition company Mataura Valley Milk in a NZ$385 million ($252 million) deal.
A Brazilian court this week ordered JBS SA to impose a 1.5-meter (5-feet) distance between workers in the production line at its beef plant in Pontes e Lacerda to stop the spread of the novel coronavirus, prosecutors told Reuters on Thursday.
(RTTNews) - Gold rebounded on Thursday after heavy losses a day earlier, regaining appeal as a safe haven after worries resurfaced over the health of the global economy.
Goodyear Tire Chief Executive Rich Kramer said on Thursday the company had clarified its policy to make clear employees can wear apparel expressing support for law enforcement after it faced a boycott call from U.S. President Donald Trump.
Nigeria will bar entry to citizens of countries that do not allow in Nigerians due to coronavirus restrictions, Aviation Minister Hadi Sirika said on Thursday.
Chilean miner SQM achieved record second-quarter sales of lithium even as low prices ravaged profits, the world's No. 2 producer of the metal used in electric car batteries said on Wednesday.
Reuters
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