Home Depot posted a smaller-than-expected decline in quarterly same-store sales on Tuesday, as a switch to small-scale projects and repair work by customers cushioned a slowdown in demand for big-ticket items that has hammered the industry.
Seven trading companies are believed to be taking part so far in the international tender from Jordan’s state grains buyer to purchase 120,000 metric tons of wheat which closed on Tuesday, traders said in initial assessments.
Home Depot posted a smaller-than-expected decline in quarterly same-store sales on Tuesday, as a switch to small-scale projects and repair work by customers cushioned a slowdown in demand for big-ticket items that has hammered the industry.
The U.S. drive to develop sustainable aviation fuel (SAF) using ethanol could be slowed because of growing opposition to proposed pipelines that would curb greenhouse gas emissions from ethanol plants by capturing carbon dioxide and carrying it away to other states for storage.
Global sales of luxury goods will likely not grow significantly in the fourth quarter, with tourist flows to Europe key to spending there as local shoppers tighten their purse strings, consultancy Bain & company said.
Copper prices were supported on Tuesday by new funding to boost the Chinese housing market while the dollar softened as the market awaited inflation data from the United States.
Malaysian palm oil futures closed more than 2% higher on Tuesday as trading resumed after a long holiday weekend, with gains in rival Dalian and Chicago soyoil prices supporting the market.
The lowest price offered in the international tender from Tunisia's state grains agency on Tuesday to purchase about 50,000 metric tons of durum wheat was believed to be $423.89 a ton c&f for optional-origin supplies, European traders said in initial assessments.
France has raised its official estimate of this year's maize harvest for the third month in a row, saying summer rain helped non-irrigated farms to recover from last year's drought.
Australia's Mineral Resources said on Tuesday that it has bought additional shares in lithium miner Azure Minerals, raising its stake to 13.56% from 12.23% previously.
France's farm ministry on Tuesday raised its estimate of the country's 2023 production of grain maize, excluding crop grown for seeds, to 12.20 million metric tons from 11.78 million projected in October.
Malaysia is confident exports of its palm oil and related products to China will increase further this year, Bernama state news agency reported on Tuesday, citing the plantations and commodities minister.
Japan's Ministry of Agriculture, Forestry and Fisheries (MAFF) is looking to buy a total of 104,677 metric tons of food-quality wheat from the United States, Canada and Australia in a regular tender that will close on Thursday.
Kalyan Jewellers India reported a 27.1% rise in its second-quarter profit on Tuesday, helped by rising domestic demand for its ready-to-wear jewellery line and increased traffic at stores ahead of the festive season.
Emirates Airline President Tim Clark said on Tuesday he was growing more confident in the development and certification schedule of the Boeing 777-9 and that he expected the 777X to receive Type Inspection Authorization (TIA) from the U.S. Federal Aviation Administration around February 2024.
Malaysian palm oil futures rose more than 2% on Tuesday as trading resumed after a long holiday weekend, with gains in rival Dalian and Chicago soyoil prices and a weaker ringgit supporting the market.
Emirates Airline President Tim Clark on Tuesday ruled out an immediate deal to buy Airbus A350 jets barring a breakthrough on engine talks with Rolls-Royce.
Chicago soybean futures dipped on Tuesday after large U.S. bean sales to China and fears that hot and dry conditions in top producer Brazil may be damaging crops pushed prices to their highest since August in the previous session.
Reuters
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