Australian miner South32 Ltd reported an 80.5% slump in full-year underlying profit on Thursday, as prices and demand for its key products were battered by the Sino-U.S. trade war and the COVID-19 pandemic.
Australia's Qantas Airways Ltd on Thursday posted a full-year net loss of A$1.964 billion ($1.41 billion), one of its largest ever, driven by impairment charges and restructuring costs designed to help it weather the coronavirus pandemic.
Australian miner South32 Ltd reported an 80.5% slump in full-year underlying profit on Thursday, as prices and demand for its key products were battered by the Sino-U.S. trade war and the COVID-19 pandemic.
Qantas Airways Ltd on Thursday posted a full-year net loss of A$1.964 billion ($1.41 billion), one of its largest ever, driven by impairment charges and restructuring costs designed to help it weather the pandemic.
U.S. President Donald Trump on Wednesday accused Goodyear Tire & Rubber Co of "playing politics" by forbidding workers from wearing hats supporting him, and said he would swap out the Goodyear tires on his limousine if there were an alternative.
Ireland braced for damage and flooding on Wednesday after the Irish Meteorological Service warned of "very severe and destructive winds" as Storm Ellen approached the country from the south-west.
Canada's Chrystia Freeland will no longer be in charge of spearheading diplomatic relations with the United States now that she is the new finance minister, three government sources told Reuters on Wednesday.
Bank of Nova Scotia has agreed to pay more than $127 million to resolve a series of U.S. regulatory charges, including over an alleged price manipulation scheme involving unlawful trading of precious metals futures contracts, the bank said on Wednesday.
Boeing Co won its first order for its grounded 737 MAX aircraft this year, after Poland's Enter Air SA agreed to buy up to four variants of the jet, the U.S. planemaker said on Wednesday.
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Bank of Nova Scotia agreed to pay more than $60.4 million to resolve criminal charges related to a price manipulation scheme involving unlawful trading by four traders in the precious metals futures contracts markets, the U.S. Department of Justice said on Wednesday.
The United States on Wednesday imposed sanctions on two United Arab Emirates-based companies, the U.S. Treasury Department said, accusing them of providing support to Iranian airline Mahan Air.
The majority owners of Colombia's Avianca Holdings, brothers German and Jose Efromovich, were arrested on Wednesday as part of Brazil's sprawling Car Wash corruption probe, according to a source briefed on the matter.
Brazil's government is sending agricultural attachés from Beijing to the Chinese city of Shenzhen to probe allegations that Brazilian chicken wings exported there were contaminated with coronavirus, newspaper Valor Econômico reported on Wednesday.
Lufthansa said it had reached an agreement with pilots on Wednesday over a package of short-term measures to cut costs as the German airline battles to reduce losses due to the coronavirus pandemic.
Kuwaiti aircraft leasing company Alafco said on Wednesday it had reached an agreement with Airbus to delay the delivery of aircraft ordered from the planemaker.
Grain trader Archer Daniels Midland Co (ADM) said on Wednesday it plans to sell shares and bonds in Singapore-based Wilmar International with a combined value of $800 million.
Mexican carrier Aeromexico, which filed for Chapter 11 bankruptcy protection in the United States at the end of June, said it has reached an agreement with the holders of its short term stock certificates.
Reuters
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