Nasdaq Commodities

(RTTNews) - Gold prices cut steep early losses on Wednesday but still remained in the red after data showed Britain's economy shrank by a fifth in the last quarter.

Southwest Airlines Co, Ryanair Holdings Plc and easyJet Plc are the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70% in global air passenger traffic for 2020.

U.S. refiner Phillips 66 said on Wednesday it plans to reconfigure its refinery in Rodeo, California to produce renewable fuels from used cooking oil, fats, greases and soybean oils.

China's Kingold Jewelry Inc fell by 27% on the Nasdaq stock exchange on Wednesday after the company said it would voluntarily delist its shares.

The pandemic is also set to upend the U.S. car market, in ways few saw coming.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

The aluminium industry, one of the metals sector's largest emitters of greenhouse gas, is struggling to adopt common standards on greener processing as rivals focus on promoting their own products rather than the wider green market.

Ghana's consumer price inflation rose to 11.4% year-on-year in July from 11.2% the previous month, driven by higher food and transport prices, the West African nation's statistics office said on Wednesday.

China's jewellery group Kingold Jewelry Inc said on Wednesday it is to voluntarily delist from the Nasdaq stock exchange, citing the cost of maintaining the listing as one reason for its decision among other factors.

Japanese businessman Katsuo Inoue chose Italy for this year's summer vacation, and he enjoyed the trimmings of a business class cabin and soaked up the sights of Florence and Rome - without ever leaving Tokyo.

Ghana expects cocoa output of around 900,000 tonnes in the 2020/2021 season, up 5.8% from the forecast for 2019/2020, the country's Cocoa Board (COCOBOD) said, according to a parliamentary report published on Wednesday.

Trade negotiators from the United States and China will discuss the implementation of the phase one trade deal in the coming days, with China likely to bring up issues surrounding TikTok and WeChat, Bloomberg News reported on Wednesday, citing sources.

Skechers has opened a new flagship store in Paris, on the city's well-known Rue de Rivoli, near the Louvre and other major tourist sites, the U.S. trainers and shoes company said on Wednesday.

British online fashion retailer ASOS on Wednesday forecast full year sales and profit significantly ahead of market expectations, saying it was benefiting from stronger than anticipated underlying demand.

Britain's FTSE 100 index is seen opening seven points lower at 6,148 on Wednesday, according to financial bookmakers, with futures up 0.2% ahead of cash markets open.

Hong Kong's Cathay Pacific Airways Ltd reported a record HK$9.87 billion ($1.27 billion) first-half loss and said it did not expect a meaningful recovery in passenger demand for some time due to the coronavirus pandemic.

Taiwan's central bank is investigating the actions of five foreign banks for their involvement in some $8 billion in net trading positions on the deliverable forwards market, four sources with knowledge of the situation told Reuters.

Australian shares fell on Wednesday on worries that a worsening coronavirus outbreak in the country's second-most populous state would further slam economic activity, while gold stocks slumped after bullion prices plunged overnight.

Boeing Co customers scrubbed more than 400 orders for the U.S. planemaker's grounded 737 MAX jets this year, while the company's overall aircraft deliveries slumped to only four in July, monthly numbers showed on Tuesday.

British Airways has agreed a deal with trade unions representing parts of its workforce in Heathrow over planned job cuts, with the airline's chief executive saying significant progress had been made in a message to staff on Tuesday.