An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling in a worrying trend for airlines relying on freight revenue in the absence of passengers.
Qinghai Provincial Investment Group said it was informed on June 16 that some of its creditors have submitted an application to the Xining Intermediate People's Court to restructure the issuer after it was unable to repay maturing debt.
Altura Mining Ltd said on Friday it had signed multi-year lithium supply contracts with its second-largest shareholder Ningbo Shanshan Co Ltd, sending its shares more than 30% higher.
Indian export rice prices fell to their lowest in more than two months this week due to a weaker rupee and muted demand, while mounting supplies from an ongoing harvest weighed on Vietnamese rates.
Australia's competition regulator will monitor domestic airfares and profits for three years, increasing scrutiny as the industry begins a slow recovery from the coronavirus pandemic and Virgin Australia Holdings Ltd seeks a buyer.
With or without China, world wheat stocks are set to reach a new high by mid-2021, though record demand should prevent supplies from becoming too burdensome.
Private equity fund IG4 said on Thursday it has signed a deal with Brazil's CGG Trading and its creditors to acquire CLI, which owns one of the largest grain terminals in the country, in the northern port of Itaqui.
When Congress approved $2 trillion pandemic aid in March, many Democratic and Republican lawmakers agreed on safeguards against fraud and abuse to ensure that companies receiving the money use it to save American jobs.
Wheat planting in Argentina this season is expected at 6.7 million hectares, the Buenos Aires Grains Exchange said on Thursday, citing dryness in northern and western regions as its reason for trimming its previous 6.8 million hectare estimate.
A landslide on the outskirts of Ivory Coast's main city of Abidjan in the early hours of Thursday caused by heavy rains killed at least 13 people, the defence minister said.
Investor interested in buying Stefanel are invited to submit expressions of interest for the assets of the troubled Italian clothing group by midnight on July 1, the company's temporary administrator said on Thursday.
A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country's Globe and Mail newspaper on Thursday.
Italian luxury brand Valentino and Internet giant Amazon have filed a joint lawsuit against New York-based Kaitlyn Pan Group for allegedly counterfeiting Valentino shoes and offering them for sale online.
Britain warned the European Union on Thursday that it would be difficult to conclude a Brexit free trade deal by the end of the year unless broad agreement had been reached by October.
Argentina farmers have objected to the government's proposal to tie the interest rate of bonds issued in the country's debt restructuring to the country's agricultural exports.
Maintenance firms and spare parts producers who keep airplanes running are bracing for a decline of up to 75% in sales this year - and more pain to follow - as airlines park or retire thousands of aircraft due to the coronavirus pandemic.
The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry?
The president of COFCO, China's top state grains, Yu Xubo, has left the company to head China General Technology Group, according to two sources and a company notice.
Iberia has rescheduled deliveries of Airbus A350 and A320neo aircraft, and plans to withdraw 14 older Airbus A340 jets from its fleet, as the coronavirus crisis curbs air travel.
Reuters
Checked
15 minutes 42 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities