The U.S. Treasury Department and passenger airlines have reached an agreement in principle on a $25 billion payroll support package meant to help airlines weather the economic impact of the coronavirus on travel demand, sources with knowledge of the matter said on Tuesday.
Cargill Ltd [CARGIL.UL] has reduced production at one of Canada's biggest beef-packing plants, the company and the union representing workers there said on Tuesday, after several dozen workers became infected with the new coronavirus.
Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jets from Latam Airlines Group, the Chilean carrier said.
The South African government told specialists appointed to try to save South African Airways (SAA) that it was not able to give additional funds for rescue efforts, the specialists said on Tuesday.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Brazilian mills in the major center-south region produced 198,000 tonnes of sugar in the second half of March, 42% more than in the same period a year earlier, as companies shift cane allocation to the sweetener amid a collapse of the ethanol market.
The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the coronavirus pandemic.
Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsened disruptions from the grounding of its best-selling jet.
The U.S. Transportation Department on Tuesday awarded nearly $10 billion to U.S. airports struggling with a massive falloff in travel demand because of the coronavirus pandemic.
Boeing Co on Tuesday reported another 75 cancellations for its 737 MAX jetliner in March, as the coronavirus crisis worsens disruptions from the grounding of its best-selling jet.
Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion, 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
Brazilian airline Azul SA said on Tuesday that its controlling shareholder and founder, David Neeleman, significantly reduced his stake to cover a margin call tied to a $30 million personal loan he took out in 2019.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
Plentiful rainfall and sunshine in most of Ivory Coast's cocoa regions last week should boost the volume and quality of the April-to-September mid-crop, farmers said on Tuesday.
Delta Air Lines has taken over an order worth roughly $3 billion at list prices for 10 Airbus A350 jetliners from Latam Airlines Group), two industry sources said.
Unlike wind and solar, geothermal energy is a 24/7 energy resource, but the technologies to explore and drill for resources and build facilities make geothermal energy more expensive than other renewables.
Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which raised its estimate from the $252 billion figure given on March 24.
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.
The U.S. Department of Agriculture will spend up to $15.5 billion in the initial phase of its plan to bolster the nation's food supply chain against the impacts of the coronavirus outbreak, according to three sources familiar with the matter.
Reuters
Checked
11 minutes 31 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities