Nasdaq Commodities

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

South Africa's Pick n Pay Stores Ltd said on Tuesday the COVID-19 pandemic is likely to hit its margins and profitability this year as lockdown measures prohibit the sale of some items including liquor, tobacco and clothing.

Beirut-based designer Bokja specializes in making upholstered furniture with vintage fabric but the studio's workers now dedicate their time to sewing colourful silk face masks to curb the spread of the new coronavirus.

Planemaker Embraer said Tuesday it delivered just five commercial jets in the first quarter, less than half of what it delivered a year ago, blaming the drop on preparations for a deal with Boeing Co that fell apart last month.

The London Metal Exchange (LME) zinc price has bounced by 20% from its March low of $1,685 a tonne to $2,020.

South Africa's central bank will no longer allow commercial lenders to use debt issued by state-owned Land Bank to meet their capital adequacy requirements as they are longer considered a "high quality liquid asset".

On the tree-lined streets outside Buenos Aires steakhouse Don Julio in the trendy neighborhood of Palermo, diners are used to joining snaking lines to get a coveted table at the restaurant as evening falls.

Ryanair plans to move back towards an all-Boeing fleet by cancelling leases for Airbus A320s for its Lauda subsidiary and likely replacing 30 Airbus jets at the Austrian airline with Boeing 737s, Chief Executive Michael O'Leary told Reuters.

Aircraft lessors may need to start taking back some planes in the second half of the year, the CEO of BOC Aviation Ltd said, adding that the pandemic-hit aviation market could take until 2023 to fully rebound.

Aircraft lessors may need to start taking back some planes in the second half of the year, the CEO of BOC Aviation Ltd said, adding that the pandemic-hit aviation market could take until 2023 to fully rebound.

Ryanair plans to cancel all Airbus deliveries of Airbus jets planned for its subsidiary Lauda, and expects to replace them with ones from Boeing, its chief executive Michael O'Leary said on Tuesday.

Israel's ICL Group on Tuesday reported a fall in quarterly earnings as lower potash and phosphates prices and a delay in the signing of a potash supply contract in China depressed sales.

Markets torn between enthusiasm over easing lockdowns and fears over a second wave of infections have seen the latter cast shadows for a second straight session as infections emerge again in Wuhan, the Chinese city where the pandemic originated.

Ryanair on Tuesday confirmed it will return to 40% of its planned flight schedule from July 1 and will require passengers to wear face coverings and to ask crew permission to use the toilet.

Britain will on Tuesday announce changes to programme that is paying the wages of more than 6 million workers at businesses affected by the coronavirus, its health minister said.

China announced on Tuesday a new list of 79 U.S. products eligible for waivers from retaliatory tariffs imposed at the height of the bilateral trade war, amid continued pressure on Beijing to boost imports from the United States.

Israel Chemicals (ICL) reported lower quarterly earnings that met estimates, as sales fell due to lower prices for potash and phosphates and a delay in the signing of a potash supply contract in China.

South Africa's heavily indebted sugar producer Tongaat Hulett is in a deadlock over the sale of its starch business to Barloworld over a condition set during the signing of deal, the two companies said on Tuesday.

Plane parts maker FACC said it expects significant demand and production restrictions this year as the coronavirus outbreak has forced plane makers to pause production to adjust to lockdowns and cut future output due to weaker demand.

The British government will on Tuesday set out details on how to make workplaces safer as some businesses start to return to work after Prime Minister Boris Johnson set out a cautious plan to exit the coronavirus lockdown.