Nasdaq Commodities

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

An expected wave of credit rating cuts for companies as a result of the coronavirus crisis has yet to materialise, data shows, meaning speculation that the European Central Bank will buy bonds of "fallen angels" downgraded to junk may be premature.

Southwest Airlines said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up.

French fashion label Paule Ka will become Bigla-Katusha's main sponsor from next month until the end of 2024, the Swiss women's cycling team said on Wednesday.

The European Commission proposed on Wednesday to temporarily relax rules on trials of drugs involving genetically engineered organisms as an emergency measure to speed the development of a vaccine against the new coronavirus.

German airline Lufthansa warned on Tuesday that it might need to apply for creditor protection if its state-backed bailout failed to win sufficient shareholder support in a vote later this month.

Russian conglomerate Sistema and the Russia-China Investment Fund (RCIF) have cut their stakes in children's goods retailer Detsky Mir in Moscow's first share offering since the coronavirus pandemic struck.

China's meat importers fear clearing delays and a hit to demand after one of the country's major ports began requiring coronavirus tests for all meat and seafood containers to prevent contamination.

German flagship carrier Lufthansa said on Tuesday that the implementation of its bailout deal had not been secured and it might need to apply for creditor protection proceedings around the time of its extraordinary general meeting.

Chinese rebar futures slipped for a second straight session on Wednesday as investors worried about surplus risks, with steel output in the world's top metals consumer maintaining a robust pace of growth despite signs of weakening domestic demand.

Britain's health minister on Wednesday hailed the use of a steroid called dexamethasone for treating coronavirus patients as the best news so far of the outbreak.

China's meat importers fear clearing delays and a hit to demand after one of the country's major ports started requiring COVID-19 tests for all meat and seafood containers to prevent contamination from the coronavirus that causes the disease.

Indebted South African sugar producer Tongaat Hulett said on Wednesday it would sell a sugarcane farm in eSwatini to the country's public pension fund for 375 million rand ($21.83 million).

Russian conglomerate Sistema and the Russia-China Investment Fund will raise about 11 billion roubles ($158.26 million) from the sale of shares in Russia's largest children's goods retailer Detsky Mir, Sistema said on Wednesday.

United Airlines sweetened on Tuesday a voluntary exit package for flight attendants and extended the application deadline, saying it needed "a lot more people to sign up" to avoid involuntary layoffs in October, according to a document seen by Reuters.

Kazakhstan plans to float its state oil and gas company KazMunayGaz in 2022, sovereign fund Samruk Kazyna said on Wednesday, having scrapped plans to list it abroad this year due to the COVID-19 pandemic and the oil price drop.

London copper prices rose on Wednesday on hopes for higher demand as the U.S. economy showed signs of a recovery, but the optimism was crimped by a coronavirus outbreak in top metals consumer China.

United Airlines sweetened a voluntary exit package for flight attendants and extended the application deadline, saying that while "thousands of employees" signed up, "we're finding that's not enough," according to a document seen by Reuters.

Chinese rebar futures drifted lower on Wednesday as investors worried about surplus risks, with steel output in the world's top metals consumer maintaining a robust pace of growth despite signs of weakening domestic demand.

Britain said its exports could increase by a billion pounds as a result of the trade deals it is seeking from Australia and New Zealand, setting out its negotiating objectives on Wednesday ahead of the start of formal talks.