Chilean miner SQM said on Thursday the coronavirus outbreak had yet to hit its lithium output, but warned it might have to scale back plans for 2020 if a slump continues in demand for the coveted battery metal.
Sugar and ethanol company Cosan SA expects increased financial difficulties for some Brazilian companies in the sector as demand for the biofuel falls and prices for the sweetener hover around a 12-year low.
South African Airways (SAA) faces a wind-down or liquidation after specialists appointed to try to save the state-owned airline said on Thursday they had run out of funds.
The financial auditors of Colombian airline Avianca Holdings have concluded that "substantial doubt" exists as to the company's ability to stay in business due to the coronavirus crisis, the carrier said.
In trading on Thursday, shares of Kirkland Lake Gold Ltd (Symbol: KL) crossed above their 200 day moving average of $41.73, changing hands as high as $42.69 per share. Kirkland Lake Gold Ltd shares are currently trading up about 5.6% on the day. The chart below shows the one
Indonesia will temporarily ban domestic and international air and sea travel, with some exceptions, starting this week to prevent a further spread of the coronavirus, the transport ministry said in a statement on Friday.
India's central bank said on Thursday it will buy and sell bonds in a special operation this month, leaving traders wondering if it is attempting to partially monetise government debt - but giving the benchmark bond its biggest one-day rally in nearly six months.
Even if the U.S. government will install an outright ban on Saudi oil, it won’t make much of a difference considering the huge demand destruction and filling storage tanks.
Japanese trading house Itochu said on Thursday that it will recall cloth face masks and tighten inspections of them following reports of defects in masks the government has delivered to households, although it is not known if Itochu's products were among those tainted.
China's agriculture ministry said on Thursday it will start taking samples from horses along its southern borders to check for African horse sickness after the deadly disease was detected in Thailand.
Middle East governments are failing to take the action required to protect their airlines from the economic crisis caused by the new coronavirus pandemic, the International Air Transport Association (IATA) said on Thursday.
The International Air Transport Association's vice president for the Middle East said on Thursday that the industry body was not satisfied with regional government's efforts to support their airlines.
China is preparing to buy more than 30 million tonnes of crops for state stockpiles to help protect itself from supply chain disruptions caused by the coronavirus pandemic and make good on pledges to buy more U.S. crops, three sources told Reuters.
It's an event-packed day with flash PMIs in much of the developed world, U.S. weekly jobless claims, a Congress vote on a $500 billion stimulus and a Eurogroup meeting to discuss joint financing of debt to help pandemic-hit nations.
Norwegian fertiliser maker Yara has called off plans to spin off its industrial nitrogens business due to the COVID-19 outbreak, the company said on Thursday while reporting stronger than expected first-quarter core profits.
State-owned Airports of Thailand Pcl said on Thursday it would offer new measures for airlines and businesses to mitigate the impact of the decline in flights and passengers amid the coronavirus outbreak.
China is preparing to buy more than 30 million tonnes of crops for state stockpiles to help protect itself from supply chain disruptions due to the coronavirus pandemic and make good on pledges to buy more U.S. crops, three sources told Reuters.
Norwegian fertiliser company Yara said on Thursday it would keep its industrial nitrogen businesses within the firm, rather than spin it off in an initial public offering, and reported core first-quarter profits above expectations.
Reuters
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