Canadian miner Teck Resources Ltd reported a 76% slump in fourth-quarter adjusted profit on Friday, hurt by lower prices for steelmaking coal and warned that the coronavirus epidemic would impact its earnings.
China's chicken farmers had been looking forward to a bumper year. But an unprecedented lockdown on people and goods to curb the coronavirus outbreak has disrupted the short but intense
poultry lifecycle, threatening output of meat just as the world's most populous country faces a massive pork shortfall.
In the days after a new virus was identified in China on Dec. 31, global central bankers fell back on past experience for a comforting early analysis. The SARS epidemic in 2003, they noted, had come and gone with little economic impact. Weeks later, that parallel has failed.
At least 9,000 years ago, humans began domesticating corn for the first time near Tehuacan, in the central Mexican state of Puebla, laying the foundation for permanent settlements in the Americas.
China's Citic Bank and AIBank will lend 2.1 billion yuan ($298.77 million) to hotpot chain Haidilao International to help it manage the plunge in demand during the coronavirus outbreak, according to a statement on AIBank's official WeChat account on Friday.
China's Hubei province reported an uptick in new cases of coronavirus on Friday, reversing three days of declines, although the numbers still confirmed a downward trend which the World Health Organization (WHO) has called encouraging.
Airlines in the Asia-Pacific region stand to lose $27.8 billion of revenue this year as they slash flights due to declining demand as a result of the coronavirus, according to a preliminary estimate from an industry body.
The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday.
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".
L Brands Inc said on Thursday it will sell a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as it focuses on its core Bath & Body Works brand.
L Brands Inc is selling a controlling stake in its Victoria's Secret unit to investment firm Sycamore Partners, valuing the lingerie brand at $1.1 billion, as focuses on its core Bath & Body Works brand.
Brazilian airline Gol, Boeing Co's largest Latin America customer, said its profit almost halved to 352 million reais ($80.37 million) in the fourth quarter as its MAX fleet remained grounded after two deadly crashes.
Iranian health officials urged all religious gatherings to be suspended in Qom, news agency ISNA said on Thursday, after two more people tested positive for the coronavirus in the holy city, where two died of it this week.
Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations.
India has issued import licences for 1.1 million tonnes of refined palmolein from Indonesia, government and trade sources told Reuters, a move that has surprised the industry as only last month New Delhi restricted imports of the commodity.
Truworths International Ltd reported a marginal rise in first-half earnings on Thursday as the fashion retailer battles constrained spending in South Africa and Brexit-related uncertainties in the UK, two of its key markets.
South African department chain Woolworths reported a 17.7% drop in half-year earnings on Thursday, dragged down by disappointing womenswear and Black Friday sales.
Reuters
Checked
14 minutes 47 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities