Russian aluminium giant Rusal said on Friday its first-half net profit fell 75% due to dwindling raw material resources, high inflationary pressures and international sanctions, which increased production costs.
Air taxi maker Archer Aviation has reached an agreement with Boeing and its Wisk air taxi unit to settle litigation and collaborate on autonomous technology, the companies said on Thursday.
Air taxi maker Archer Aviation said on Thursday it secured a $215 million equity investment and reached agreement with Boeing and its Wisk air taxi unit to collaborate and settle litigation.
The Panama Canal Authority said on Thursday it has implemented temporary restrictions on passage slots for booked vessels that it expects will help ease a bottleneck of ships that are waiting outside the waterway to pass without reservations.
Chicago Board of Trade corn and wheat futures firmed on Thursday, with traders unwinding bearish bets ahead of a key U.S. government report on supply and demand on Friday.
Argentina farmers have finished sowing 6 million hectares (14.8 million acres) of wheat, the Buenos Aires Grains Exchange said on Thursday, warning that dry conditions are starting to affect the 2023/24 crop in the north of the country.
Raw sugar futures on ICE closed up on Thursday as investors focussed on expectations for a growing global deficit, while London cocoa fell further from this week's 46-year peak.
Despite earlier volatility, Chicago-traded corn futures have struggled to find direction over the last several sessions, though a fresh U.S. crop forecast from the government could help sort that out on Friday.
Amazon.com is shelving several private clothing brands, a source familiar with the matter said on Thursday, as the e-commerce giant tries to cut costs and address antitrust scrutiny.
Lionel Messi could significantly raise the profile of Major League Soccer (MLS) and the game as a whole in the United States, experts told Reuters, with the Argentine forward's move to Inter Miami drawing attention from across the globe.
Brazil is raising more cattle on smaller areas, helping to make beef production more sustainable in the world's largest exporter of the commodity, but supply chain risks remain as criminals continue to clear the Amazon rainforest to graze livestock, beef lobby Abiec said.
United Airlines Holdings said on Thursday that it had canceled flights to Kahului Airport in Hawaii's Maui and would fly empty planes to the wildfire-hit island to bring passengers back to the mainland.
Chicago Board of Trade soybean futures rose on Thursday, supported by strong export demand as recent price declines have stirred up overseas interest in U.S. supplies, traders said.
Beef industry executives in Brazil, the world's biggest exporter of that protein, said on Thursday it is paramount that local companies are able to access new markets in order reduce dependence on Chinese import demand.
Amazon.com is shelving several private clothing brands in an attempt to reduce costs and address antitrust scrutiny, a source familiar with the matter said on Thursday.
Sugarcane crushing and sugar production in Brazil's center-south jumped in the second half of July to levels higher than the already optimistic ones estimated by market analysts as dry weather favors field work in the country's main sugar belt.
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