Nasdaq Commodities

El Al Israel Airlines called on Israeli Prime Minister Benjamin Netanyahu to rescue it on Wednesday, rejecting what it said were impossible conditions for state-backed loans.

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Brazil airline Gol Linhas Aereas Inteligentes said Wednesday it will receive a total of 2.4 billion reais ($412.03 million) from Boeing Co as compensation for the grounding of the 737 MAX plane, which has not flown in over a year.

Job losses, well shut-ins, and bankruptcies have replaced the praise surrounding the shale oil boom that greatly enhanced America's energy independence and gave President Trump a reason to tout energy dominance.

French and German aerospace industry leaders warned on Wednesday that some parts suppliers could go bankrupt within weeks without new financing.

South Africa's government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving relief to a clothing industry starved of sales.

China is allocating more low-tariff import quotas for corn this year and may expand its use of wheat quotas as it seeks to step up farm purchases from the United States and meet a pledge to comply with global trade rules, according to three sources.

Avianca Holdings had known since late March that the Colombian airline's cash pile would only cover a few months of expenses while its entire fleet sat grounded because of aggressive anti-coronavirus lockdowns.

Mitsubishi Heavy Industries (MHI) said it was more than halving the annual development budget for its SpaceJet regional jet as the coronavirus pandemic squeezes profit, and will suspend plans for a possible variant seen as key to winning future orders, particularly from U.S. airlines.

Demand destruction caused by the COVID-19 pandemic will dwarf the impact of supply disruptions for industrial metals such as aluminium and zinc, leaving heavy surpluses and inventory levels that will pressure prices and output this year.

The European Union pushed on Wednesday for a safe reopening of borders, while insisting on protective measures such as masks on planes, to try and salvage the ravaged tourism sector for the lucrative summer season as coronavirus infections recede.

South Korea's largest airline, Korean Air, said on Wednesday its board decided to sell about 1 trillion won ($816.55 million) in new shares to raise funds amid mounting strains in the industry due to the coronavirus pandemic.

Indonesia may have swung back to a trade deficit in April as both exports and imports contracted amid restrictions imposed across the globe to contain the spread of the new coronavirus, a Reuters poll showed on Wednesday.

South Korea's largest airline, Korean Air, said on Wednesday its board decided to sell about 1 trillion won ($816.55 million) in shares to raise funds as airlines' finances come under strain from grounded fleets due to travel restrictions and crippled demand from the coronavirus pandemic.

China has not responded to a request for urgent talks after Australia's key agriculture exports were hit with suspensions and tariff threats, said Australia's trade minister, as ties strain over Canberra's call for a coronavirus pandemic inquiry.

Algeria's state grains agency OAIC purchased around 500,000 tonnes of milling wheat in an import tender which closed on Tuesday, European traders said on Wednesday.

"You will get business failures on a grand scale," was the warning last night from St Louis Federal Reserve President James Bullard. Yet he stressed he did not see negative interest rates as a good option for the United States. Expect his boss, Fed Chairman Jerome Powell, to repeat that message tonight.

Chinese shares closed higher on Wednesday, reversing course from small losses as a rally in healthcare stocks boosted the index, although gains were capped due to persisting concerns around a potential second wave of COVID-19 cases.

First Abu Dhabi Bank (FAB), the United Arab Emirates' largest lender, on Wednesday said it has $73.2 million of exposure to agri-trader Phoenix Commodities and related entities.

Norway's $1 trillion sovereign fund said on Wednesday it had excluded four Canadian oil and gas companies from its portfolio for producing excessive greenhouse gas emissions, its first use of that reason to blacklist firms.