Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina's undersecretary of trade and investment promotion told Reuters.
U.S. oil refiners in coming days are expected to report the worst second-quarter results in a decade, with production outrunning demand while pandemic-related closings have sapped summer travel.
The crippling effects of the coronavirus crisis have crushed government and corporate finances and sent debt soaring. As the charts below show, it is also crunching their credit ratings and causing a spike in defaults.
Israel's ICL reported a drop quarterly earnings as sales fell on low commodity prices and a slide in demand for clear brine fluids and some flame retardants.
Israel's ICL reported lower quarterly earnings that topped estimates by a cent, as sales fell on low commodity prices and a decline in demand for clear brine fluids and some flame retardants.
Hungarian low-cost carrier Wizz Air said the aviation recovery would be like a roller coaster and that there was still too much uncertainty from the pandemic for it to provide guidance after its earnings plunged 95% in its first quarter.
Heathrow Airport, Europe's busiest airport, called on Britain to urgently introduce a passenger testing regime, warning that without one it would lose a game of global "quarantine roulette" coronavirus stalled aviation.
Next said its full-price sales in the second quarter declined by a 28%, a much better result than it expected at the height of the COVID-19 pandemic, allowing it to forecast full-year profit of about 195 million pounds ($252 million).
Carmaker Aston Martin, which has changed boss and brought in a billionaire investor this year amid a torrid performance, posted on Wednesday a first-half loss of 227 million pounds ($293 million) as sales slumped.
Hungarian low-cost carrier Wizz Air posted a 95% drop underlying core earnings in the three months to 30 June 2020 as COVID-19 grounded the majority of its flights.
Heathrow Airport called on the British government to urgently introduce a passenger testing regime, warning that the country risked losing a game of global "quarantine roulette" after passenger numbers tumbled 96% in the second quarter.
Japan's biggest air carrier, ANA Holdings Inc, reported on Wednesday an operating loss of 159 billion yen ($1.51 billion) for the first quarter from April to June, but offered no annual forecast, citing demand uncertainty over the coronavirus pandemic.
U.S. oil refiners in coming days are expected to report the worst second-quarter results in a decade, with production outrunning demand while pandemic-related closings have sapped summer travel.
The union representing FedEx Corp pilots on Tuesday called on the U.S. package delivery company to suspend its operations in Hong Kong after some of its members were subject to "extremely difficult conditions" in government-mandated quarantine aimed at tamping down the spread of the coronavirus.
Spirit Airlines is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic.
U.S. low-cost carrier Spirit Airlines is preparing to inform unions on Friday that 20% to 30% of workers including pilots and flight attendants may be furloughed in October, according to a memo from the CEO sent to employees on Tuesday.
The union representing FedEx Corp pilots on Tuesday called on the U.S. package delivery company to suspend its operations in Hong Kong after some of its members were subject to "extremely difficult conditions" in government-mandated quarantine aimed at tamping down the spread of the coronavirus.
Colombia's national lockdown to curb infections of the new coronavirus will be extended by one month until the end of August, President Ivan Duque said on Tuesday.
Mexican airline Aeromexico, which is in a Chapter 11 restructuring process, on Tuesday posted a 27.42 billion peso ($1.19 billion) net loss for the second quarter.
Reuters
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