Emirates Global Aluminium (EGA), one of the world's largest aluminium producers, said on Tuesday its annual net profit for 2022 surged 34% to a record 7.4 billion dirhams ($2.01 billion) on higher prices for the metal.
Copper prices edged higher on Tuesday as a softer dollar made the greenback-priced metal cheaper for holders of other currencies, while consumption in China was seen improving this month.
Emirates Global Aluminium (EGA), one of the world's largest aluminium producers, said on Tuesday its annual net profit for 2022 surged 34% to a record of 7.4 billion dirhams ($2.01 billion) on higher prices.
U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions.
China, the world's top oilseed buyer, imported 16.17 million tonnes of soybeans in January and February, customs data showed on Tuesday, up 16.1% on the same period a year ago, as buyers stocked up amid tight supply.
The Asian Palm Oil Alliance (APOP), a body of palm oil buyers, want producing countries to make sure they have stable export policies after changes last year caused volatility in the trading of the tropical oil, the head of the group said.
Chicago wheat futures rose for the first time in three sessions on Tuesday, as the market recovered from its lowest in 17 months on support from dryness which is curbing U.S. yield potential.
Mexico announced sanitary requirements for Brazilian beef imports Monday, opening the door to the country's bovine products for the first time as Mexico looks to diversify its food supply amid high inflation.
Prices of most nonferrous metals climbed on Tuesday, as a softer U.S. dollar made the greenback-priced commodity cheaper for holders of other currencies.
Malaysian palm oil futures inched lower on Tuesday, extending losses to a second straight session, as weaker rival vegetable oils weighed on prices, although losses were capped by stronger curde oil prices.
The European Union's deforestation law is unlikely to have a meaningful impact on demand for Southeast Asian palm oil as the surplus is shrinking amid rising consumption from developing countries, a leading industry analyst said on Monday.
India's palm oil imports could jump 16% in 2022/23 to a four-year high of 9.17 million tonnes, as consumption is set to jump after two years of contraction due to COVID-led lockdowns, a senior industry official told Reuters on Tuesday.
Chicago wheat futures rose for the first time in three sessions on Tuesday, as the market recovered from its lowest in 17 months on support from dryness curbing U.S. yield potential.
Portugal's government has sacked the chief executive of the state-owned airline TAP in the wake of a scandal involving an irregular severance payment of 500,000 euros to a former executive board member, Finance Minister Fernando Medina said on Monday.
Louis Vuitton took to the Musee d'Orsay for its fall-winter catwalk show on Monday, sending a modern lineup of playful, sculptural looks down a slick, black runway designed to evoke a Paris street.
Climate change could cost Latin America nearly a fifth of its gross domestic product (GDP) by the end of the century without new policies to curb its impact, according to a Moody's Analytics report published Monday.
U.S. benchmark wheat futures fell below $7 per bushel on Monday for the first time in 17 months, pressured by reminders of adequate global supplies and optimism that the safe corridor to export grain from war-torn Ukraine will be extended, traders said.
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