Booming soybean demand from China early this century drove extensive crop expansion across the Americas, but while production is set to swell even further in top exporter Brazil, growth in Chinese imports has cooled.
Shares of Lululemon Athletica Inc soared 15% in premarket trading on Friday, after the premium apparel retailer defied investor worries with a full-year outlook lift amid little pullback from consumers and a sharp rebound in China sales.
Chemical makers Chemours Co, DuPont de Nemours Inc and Corteva Inc said on Friday they would set up a $1.19 billion fund to settle PFAS-related drinking water claims in the United States.
Chicago wheat, corn and soybean futures were little changed on Friday as the crop markets assessed mixed weather conditions ahead of U.S. data on grain exports and jobs later in the day.
Copper was heading for its first weekly gain in seven weeks on Friday after a surprise rise in Chinese factory activity lifted hopes for improved demand while a deal to avert a U.S. debt default boosted stock markets and weakened the dollar.
Arabica coffee futures traded on the ICE exchange rose for a third day on Friday as fresh data indicated supplies are still tight, while raw sugar hit a six-week low on improved exports from top producer Brazil.
Airlines will ride the crest of a faster-than-expected recovery and discuss ways of translating climate pledges into action at a summit buoyed by a return to business as usual next week.
European stocks rose on Friday, with miners and real estate stocks in the lead as investors took comfort from the passing of the U.S. debt ceiling bill and hints that the Federal Reserve could pause its interest rate hiking cycle later this month.
Lufthansa's purchase of a minority stake in Italy's loss-making ITA Airways injects fresh momentum into a wave of consolidation in Europe's fragmented aviation market that could see more mid-tier national carriers snapped up.
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon is planning to visit Taiwan after wrapping up his trip to China, Bloomberg News reported on Friday.
Copper prices climbed on Friday, heading for their first weekly gain since April, supported by a weaker dollar, as investors cheered the passing of the U.S. debt ceiling bill.
Having sweltered through May, southern and eastern China face more weeks of unrelenting heatwaves, putting power grids under strain as demand for air-conditioning soars in mega-cities like Shanghai.
Chicago wheat futures dipped during Asian trading on Friday and were on track for a weekly decline, with concerns easing over the impact of rain-damaged crop in China on global supplies.
Malaysian palm oil futures rose for a second straight session on Friday as stronger rival oils and concerns about the impact of El Nino stoke buying interest, although the contract is set for a weekly slump on poor exports.
London copper prices slipped on Friday, as demand concerns and a gloomy global economic outlook offset optimism from the U.S. debt ceiling deal and a weaker dollar.
Peru's key copper projects are moving forward and the country is optimistic about remaining the world's second-largest copper producer, its mining minister said on Thursday, fending off a rise in the ranks by the Democratic Republic of Congo.
Sizzling temperatures, coupled with strong convection storms, are set to blanket southern China in coming days, with the persistently hot weather driving up demand for electricity and putting power grids under severe stress.
Booming soybean demand from China early this century drove extensive crop expansion across the Americas, but while production is set to swell even further in top exporter Brazil, growth in Chinese imports has cooled.
JetBlue Airways Corp said on Thursday it would sell Spirit Airlines Inc's holdings at New York's LaGuardia Airport upon completion of their planned merger.
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