LATAM Airlines posted a third-quarter net profit of $232 million on Monday, a turnaround from a loss of $296 million in the same period last year when the carrier was still in the process of its bankruptcy proceedings.
Two U.S. senators on Monday asked the Transportation Department and Consumer Financial Protection Bureau about "troubling reports" of unfair and deceptive practices in airlines’ frequent flyer and loyalty programs.
Australia's Treasury Wine Estates said on Tuesday it has entered into a deal to buy luxury wine brand DAOU Vineyards based in Paso Robles, California, for $900 million in upfront cash consideration.
U.S. soybean futures declined about 1% on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop.
Computer parts maker Logitech International on Monday named Hanneke Faber as its new chief executive officer, effective Dec. 1, ending a months-long search for a successor after Bracken Darrell left in June.
U.S. soybean futures fell about 1% on Monday on
profit-taking and pressure from beneficial rains over the last
few days in South American crop areas, offsetting a weather
premium that had been building for the oilseed crop.
The FedEx Master Executive Council, the governing body of the delivery firm's unit in the Air Line Pilots Association (ALPA), said on Monday it had elected a new interim chair after union members rejected a tentative contract with the company in July.
Harvest pace last week was a bit slow for most U.S. Crop Watch areas as heavier rains moved through the Corn Belt, though most producers reported that nearby harvest activity should wrap up within seven to 10 days.
The U.S. Department of Agriculture's (USDA) weekly crop progress report should show the U.S. soybean harvest as 85% complete and the corn harvest as 69% complete, according to the average of estimates from 10 analysts polled by Reuters on Monday.
The administration of Brazil's Paranagua port shut down for repairs of a berth used for grains and sugar loading after a fire over the weekend damaged a conveyor belt and other structures at the site, local authorities said on Monday.
"Essential" rains fell over the weekend in Argentina's agricultural heartland and more showers are due in the coming days, allowing the region to continue recovering from a drought, the Rosario grains exchange (BCR) said on Monday.
The global diamond sector is scrambling to get ahead of an upcoming G7 ban on Russian gems, with consumers and producers battling to manage ever more complex supply chains against a backdrop of sluggish demand.
Uganda's coffee exports surged 12.8% in September, compared to the same month last year, partly boosted by a good harvest in some parts of the country, the state regulator has reported.
The success of Ukraine's new Black Sea export corridor has led to a sharp increase in the number of rail wagons heading to the ports of Odesa region, a senior railways official said on Monday.
The London Metal Exchange's clearing house will cut the minimum size of its default fund, which exists to cover outstanding debts of members who default on payments, to $999.34 million from $1.012 billion effective Nov. 1.
Reuters
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