An air traffic meltdown that hit Britain last week was caused by a "one in 15 million" event, the boss of traffic control provider NATS said, after it cited a flight plan with two identically named markers as the reason for the chaos.
The prices of most industrial metals in London fell on Wednesday, under pressure from a strong U.S. dollar and looming demand worries amid a global economic slowdown.
Australia's weather bureau said on Wednesday that areas of severe rainfall deficiency had expanded and soil moisture was below average across large parts of the country, threatening crops in one of the world's largest agricultural exporters.
Britain's civil aviation regulator said on Wednesday it would undertake an independent review of the circumstances surrounding an air traffic control failure last week that caused widespread disruption to flights and left thousands of passengers stranded.
Malaysian palm oil futures traded lower for a third consecutive session on Wednesday after bearish data on inventories pulled down prices and as the contract tracked weaker rival oils.
Richemont has appointed two new members to its senior executive committee and proposed a former Chief Financial Officer as a board director, the luxury group said on Wednesday.
Swiss chocolate maker Barry Callebaut on Wednesday said it would spend 500 million Swiss francs ($562.62 million) over the next two years as part of a new strategic investment plan.
Prices of most industrial metals in London fell on Wednesday, under pressure from a strong U.S. dollar and looming demand worries amid global economy slowdown.
South Korea's Major Feedmill Group (MFG) purchased about 55,000 metric tons of animal feed wheat thought likely to be sourced from the Black Sea region in a private deal this week without issuing an international tender, European traders said on Wednesday.
Chicago soybean futures rose on Wednesday, recouping the last session's losses, after a weekly U.S. report showed that crop conditions had deteriorated more than expected due to high temperatures.
Chicago soybean and corn prices rose on Wednesday after a U.S. government report showed that dry weather had damaged crops more than most analysts had expected, raising supply concerns.
Malaysia has lifted an order to suspend the imports of live cattle and buffalo from Australia, its department of veterinary services said on Wednesday.
New Zealand and Canada have both claimed they had won a trade dispute over complaints Ottawa was unfairly restricting access to its domestic market for dairy products, the governments said in separate statements.
Lead is not a metal that tends to grab the headlines but the market has just hit a rare pocket of turbulence. The Shanghai Futures Exchange (ShFE) lead price SPBcv1 jumped to a four-year high of 17,540 yuan ($2,402) per metric ton on Monday amid surging volumes and open interest.
As hip-hop celebrates its 50th anniversary this year, elements of the culture are expected to be on the runway during New York Fashion Week from Sept. 8-13, when American designers will showcase their latest collections.
Canada has won a trade dispute case against New Zealand, which complained Ottawa was unfairly restricting access to the domestic market for dairy products, Trade Minister Mary Ng said on Tuesday.
Chicago Mercantile Exchange lean hog futures neared a one-month high on Tuesday on expectations for increased U.S. pork exports and tightening supplies.
Chicago Board of Trade wheat futures edged higher on Tuesday, after hitting a three-month low, amid short covering and concerns about dry weather threatening production in export hubs including Australia.
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