Malaysia's flagship budget carrier AirAsia Group Bhd on Monday reported a first-quarter loss, battered by a collapse in air travel demand resulting from the coronavirus pandemic, as well as losses on a fuel hedges settlement.
Malaysian budget carrier AirAsia Group Bhd reported its largest quarterly loss on Monday, battered by a collapse in demand for air travel amid the coronavirus pandemic as well as losses on fuel hedges settlement.
The central Chinese city of Wuhan, epicentre of the new coronavirus pandemic, raised its flood alert level on Monday as torrential rain and thunderstorms battered swathes of the country, including the Yangtze river on which it sits.
Commodity pricing agency Argus Media has acquired French consultancy Agritel to expand into agricultural markets, the companies said on Monday. [nASA00VTC]
India's April tea output fell 54% from a year earlier to 39.02 million kilograms (kg) as restrictions to curb the spread of the novel coronavirus reduced plucking in the top producing north-eastern state of Assam, the state-run Tea Board said on Monday.
Commodity pricing agency Argus Media has acquired French consultancy Agritel to expand into agricultural markets, the companies said on Monday. [nASA00VTC]
Some Japanese aluminium buyers have agreed to pay a global producer a $79 per tonne premium for July to September shipments, down 3.7% from the previous quarter, reflecting lower demand because of the COVID-19 pandemic, three sources directly involved in the pricing talks said.
Kenya Airways will lay off an unspecified number of workers, reduce its network and also get rid of some assets due to the coronavirus crisis, its chief executive said in an internal memo seen by Reuters.
Japan's Mitsui Mining and Smelting said on Monday its two zinc mines in Peru resumed operations on July 2 after a closure of more than three months to limit the spread of the novel coronavirus.
Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
Qantas Airways and Afterpay Ltd said on Monday they had agreed to allow users of the airline's frequent flyer programme to benefit by using the buy-now-pay-later firm's payment platform.
Hong Kong's Cathay Pacific Airways Ltd said on Monday it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.
A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the market.
China has suspended imports from two Brazilian pork plants owned by meatpackers JBS SA and BRF SA, according to the Chinese customs authority, as it cracks down on meat shipments amid concerns about the new coronavirus.
Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's mineral tracing scheme said.
El Al's fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid.
China's Semiconductor Manufacturing International Corp (SMIC) will raise 46.29 billion yuan ($6.55 billion) in a Shanghai share sale, more than double its initial target, pricing its offering following a surge in its Hong Kong-listed stock.
China's Ministry of Agriculture and Rural Affairs said on Saturday that the so-called "G4" strain of swine flu virus is not new and does not infect or sicken humans and animals easily, rebuffing a study published earlier this week.
Reuters
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