Truworths International 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.
A day after Jeanhee Kim learned of a coronavirus case in her Singapore apartment block, she was visited by a distinguished-looking man she later learned was a senior government minister.
South African department chain Woolworths reported a 17.7% drop in half-year earnings on Thursday, dragged down by a number of product issues in womenswear and disappointing Black Friday sales.
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.
Colombia, the world's biggest producer of washed arabica coffee, launched a fund worth 218 billion pesos ($63.9 million) on Wednesday, aiming to stabilize coffee prices and shield farmers from volatile markets.
China reported a dramatic drop in new coronavirus infections on Thursday although scientists warned the flu-like pathogen may spread even more easily than previously believed, while more passengers disembarked a quarantined cruise ship off Japan.
Mosaic Co expects fertilizer demand to bounce back this year after a delayed planting season as well as a prolonged trade war between the United States and China hurt volumes and prices for potash and phosphate in 2019.
Qantas Airways Ltd said on Thursday it would cut 15% of its capacity to Asia until at least the end of May due to the coronavirus outbreak after reporting flat half-year earnings in a weaker domestic aviation market.
Debt-laden HNA Group has restructured jet orders with Europe's Airbus in a compromise deal that includes an order for dozens of A330neo jets, two people familiar with the matter said, amid reports of a wider shake-up at the Chinese conglomerate.
Fertilizer producer Mosaic Co reported a quarterly loss, compared with a year-earlier profit, as it took more than $1 billion in charges and as phosphate margins were squeezed by lower volumes as well as prices.
In trading on Wednesday, shares of First Majestic Silver Corp (Symbol: AG) crossed below their 200 day moving average of $9.44, changing hands as low as $9.26 per share. First Majestic Silver Corp shares are currently trading off about 8% on the day. The chart below shows th
Forever 21 has a new lease on life after Simon Property Group Inc, Brookfield Property Partners LP and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer.
Moncler Chief Executive Remo Ruffini said he did not rule out a tie-up with another group in the future but reiterated there was nothing concrete on the table.
A planned EU-China investment agreement looks unlikely to be struck by September as planned because of the coronavirus outbreak, European Union trade chief Phil Hogan said, while also casting doubt on deals with other Asian countries.
China plans to take over HNA Group Co and sell off its airline assets, as the coronavirus outbreak has hit the Chinese conglomerate's ability to meet financial obligations, Bloomberg reported https://www.bloomberg.com/news/articles/2020-02-19/china-said-to-near-takeover-of-hna-group-as-virus-hits-business?utm_content=business&utm_campaign=socialflow-organic&utm_medium=social&utm_source=twitter&cmpid=socialflow-twitter-business on Wednesday, citing people familiar with the matter.
Two Iranians have died in hospital after testing positive for the new coronavirus in the holy Shi'ite city of Qom, the head of the city's University of Medical Sciences told Mehr news agency on Wednesday.
China plans to take over HNA Group Co and sell off its airline assets, as the coronavirus outbreak has hit the Chinese conglomerate's ability to meet financial obligations, Bloomberg reported on Wednesday, citing people familiar with the matter.
One scientific post suggests links between the new coronavirus and AIDS, a second says it may have passed to people via snakes, while a third claims it is a pathogen from outer space.
Reuters
Checked
14 minutes 47 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities