China's state stockpiler Sinograin said on Tuesday that an investigation into the quality of corn in one of its warehouses had found none of the problems alleged in a video shared on social media at the weekend.
The market will be closely watching the OPEC+ JMMC meeting which is expected to be held this week on the 15thof July to review compliance in June and ease cuts.
Creditors of loss-making South African Airways (SAA) approved a rescue plan on Tuesday which requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government's court to come up with the cash to save the airline.
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.
Creditors of South African Airways (SAA) approved a restructuring plan for the loss-making airline on Tuesday, one of SAA's administrators told a creditor meeting.
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.
British airline Virgin Atlantic is close to securing a 1.2 billion pound ($1.5 billion) rescue deal, Sky News reported on Tuesday, removing the medium-term chance of administration as a result of the coronavirus crisis.
BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.
At a centuries-old vineyard overlooked by South Africa's Drakenstein mountain, the country's biggest single wine exporter Distell is battling a problem of plenty.
Britain's FTSE 100 index is seen opening 80 points lower at 6,096 on Tuesday, according to financial bookmakers, with futures down 1% ahead of cash markets open.
Flag carrier Vietnam Airlines may face a liquidity shortage from late next month due to the coronavirus pandemic impact, the government said on Tuesday, as it explores measures to help the firm.
Russian aluminium giant Rusal said on Tuesday it had requested Norilsk Nickel's board of directors make management changes, relocate its headquarters to Norilsk in Russia's Arctic and overhaul its environmental and safety policies.
Flag carrier Garuda Indonesia is in talks with Airbus to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel and dampens demand.
Australian states tightened borders and restricted pub visits on Tuesday, while Disney prepared to close its Hong Kong theme park and Japan stepped up tracing as a jump in novel coronavirus cases across Asia fanned fears of a second wave of infections.
Flag carrier Garuda Indonesia is in talks with Airbus to delay deliveries of four aircraft this year, its chief executive said on Tuesday, as the coronavirus outbreak restricts travel.
France on Monday started restricting Chinese airlines to one passenger flight per week, saying it was acting in response to curbs imposed by Beijing on French carriers.
Brazilian green coffee exporters shipped 2.47 million 60-kg bags abroad in June, 9.8% less than in the same month a year earlier, exporters association Cecafé said on Monday, without blaming the coronavirus pandemic for the fall.
American Airlines is preparing to send notices of potential furloughs, as well as early retirement packages to encourage voluntary departures, to its workers later this week, two people familiar with the matter said.
Reuters
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