British luxury fashion brand Burberry on Friday reported an 18% rise in its first-quarter comparable store sales, in line with market expectations thank to continued recovery in China.
Indonesia's June trade surplus is seen tripling from the previous month amid an expected drop in imports, despite a forecast of deep contraction in exports, a Reuters poll showed on Friday.
Italy's luxury fashion groups, which for decades jealously guarded their independence, have started teaming up to protect their supply chains and the Italian roots of smaller companies, showing a new spirit of collaboration.
Hong Kong's Cathay Pacific Airways on Friday said it expects to record half-year profit attributable up to HK$4.5 billion ($575.85 million) compared with a loss of HK$5.0 billion last year.
Hong Kong's Cathay Pacific Airways on Friday said it expects to record half-year profit
attributable of up to HK$4.5 billion ($575.85 million) compared
with a loss of HK$5.0 billion last year.
($1 = 7.8146 Hong Kong dollars)
(Reporting by Sameer Manekar in Bengaluru; Editing by Nivedita
Bhattacharjee)
((Sameer.Manekar@thomsonreuters.com; Twitter: https://twitter.com/sameer_manekar))
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Prices of aluminium and zinc were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies.
Chicago soybean futures gained more ground on Friday with the market poised for its biggest weekly gain in a month on concerns over U.S. weather and strong Chinese demand.
Malaysian palm oil futures rose more than 1% on Friday, and were set for a third consecutive weekly gain, as the strength in rival edible oils prevailed over a skyrocketing ringgit.
Chicago soybean futures ticked lower on Friday, giving up some of previous session's gains, although the market is poised for its biggest weekly gain in a month on concerns over global supplies and strong Chinese demand.
Elanco Animal Health said on Thursday the U.S. Environmental Protection Agency (EPA) has deemed the company's Seresto flea and tick collars for pets safe for use following a multi-year review.
U.S. corn futures bounced on Thursday on bargain buying after hitting a 2-1/2-year low early in the session while soybeans rose 3% as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said.
U.S. stocks extended recent gains to end higher on Thursday, with the Nasdaq rising more than 1% for a second straight day, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years.
U.S. stocks extended recent gains to end higher on Thursday, as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years.
Cocoa futures on the ICE exchange closed sharply lower on Thursday as data showed a surprisingly steep fall in its demand in top-consuming region Europe.
U.S. stocks were higher in afternoon trading on Thursday, extending recent gains, with the Nasdaq up more than 1% as data showed the annual increase in U.S. producer inflation was the smallest in nearly three years.
Goldman Sachs on Thursday said there is limited potential for a sustained rebound in industrial metals in the near-term following a downside in the previous quarter, due to an unfavorable global economic environment.
U.S. corn futures bounced on Thursday on bargain-buying after hitting a 2-1/2 year low early in the session while soybeans rose more than 2% as traders shifted their focus back to uncertain crop weather and worries about supplies, analysts said.
Algeria’s state grains agency OAIC is believed to have bought milling wheat in an international tender on Thursday which sought limited shipment to two ports only, European traders said.