Brazilian sugar and ethanol merchant Copersucar SA said on Tuesday that the bulk of its sugar sales for the 2020-21 season have been hedged already, as the company prepares for a busy sugar trading campaign in the new season.
Canada believes its aluminum exports do not harm the U.S. market and is underlining this point to American partners, an official said on Tuesday after Bloomberg reported Washington planned to reimpose tariffs.
Aurora Cannabis on Tuesday announced significant staff reductions and plans to shut five facilities over the next two quarters, as the cash-crunched cannabis industry scrambles to cut costs amid the COVID-19 pandemic.
Aurora Cannabis said on Tuesday it will lay off a big part of its workforce and plans to shut five facilities over the next two quarters, as the cash-crunched cannabis industry finds itself scrambling to cut costs amid the coronavirus pandemic.
United Airlines said on Tuesday it plans to raise $3 billion in debt by issuing senior notes, as U.S. airlines beef up liquidity in the wake of the COVID-19 pandemic.
American Airlines Group Inc said on Tuesday it expects to raise about $2 billion through a stock-and-notes offering in an effort to bolster its balance sheet to better deal with a slowdown in travel due to the COVID-19 crisis.
Sun Express, a joint venture between Lufthansa and Turkish Airlines, will restructure its business to focus on leisure flights to and from Turkey, as well as domestic flights in the country, its CEO said on Tuesday.
Australia's mining lobby group, the Minerals Council of Australia, long derided by environmentalists as coal-loving dinosaurs, has launched a climate action plan that is probably significant for what it doesn't say than what it does.
WTI hit $40 and retreated a bit in recent days, but appears to be stabilizing for the time being at around that threshold. Rystad Energy says that $40 is the new normal.
Lufthansa has not yet reached an agreement with unions on a package to cut staff costs, it said on Tuesday, adding to the pressure on the German airline before a crunch shareholder vote on a 9 billion euro bailout plan to be held on Thursday.
Saudi Arabia is to limit the number of domestic pilgrims attending the haj to around 1,000 to prevent the spread of the coronavirus, after barring Muslims abroad from the rite for the first year in modern times.
South African maize farmers are expected to harvest 38% more maize in the 2019/2020 season compared with the previous season after favourable weather conditions boosted yields, a Reuters survey showed on Tuesday.
The European Central Bank needs a few weeks to review a request by Italian billionaire Leonardo Del Vecchio to double his Mediobanca stake, ECB supervisory board chair Andrea Enria said in a newspaper interview published on Tuesday.
Dublin Airport Authority, Ireland's largest airport operator, expects COVID-19 to lead to between 750 and 1,000 job losses, Chief Executive Dalton Philips said on Tuesday.
The South African government said on Tuesday it had received unsolicited proposals from private sector funders, private equity investors and potential partners for a new national airline based on struggling South African Airways (SAA).
Lufthansa said on Tuesday it had not yet reached an agreement with unions on a package to cut staff costs but added that talks with two unions would continue to try and seal a deal before an extraordinary shareholders meeting on Thursday.