Apparel retailer Express is preparing for debt restructuring and a possible bankruptcy within weeks, the Wall Street Journal reported on Monday, citing people with knowledge of the matter.
Raw sugar futures on ICE closed nearly 2% lower on Monday with rains later this week potentially improving the outlook for cane crops in Centre-South Brazil. Cocoa prices closed down for the first time in 12 sessions.
Some pilots at Spirit Airlines are worried and scouring for other opportunities after a U.S. judge last month blocked the low-cost air carrier's proposed merger with competitor JetBlue Airways, throwing its future into doubt.
Bankrupt Brazilian airline Gol on Monday received a U.S. court's permission to probe rival LATAM Airlines' alleged effort to poach Gol's Boeing 737 aircraft.
Chicago Board of Trade soybean futures firmed on Monday on bargain buying and a weaker U.S. dollar, but remained near multi-year lows as nearby contracts struggled to shake off technical resistance, traders said.
Kyiv urged Warsaw on Monday to "hold to account" Polish farmers for stopping three trucks at a border crossing between Poland and Ukraine and spilling the Ukrainian grain they were carrying.
Chicago Board of Trade soybean futures firmed on Monday on bargain buying, but remained near multiyear lows as nearby contracts struggled to shake off technical resistance, traders said.
A study of analyst recommendations at the major brokerages shows that Hecla Mining Co (Symbol: HL) is the #11 broker analyst pick, on average, out of the 50 stocks making up the Metals Channel Global Mining Titans Index, according to Metals Channel. The Metals Channel Global M
Kyiv urged Warsaw on Monday to "hold to account" Polish farmers for stopping three trucks at a border crossing between Poland and Ukraine and spilling the Ukrainian grain they were carrying.
Raw sugar futures on ICE were lower on Monday with rains later this week potentially improving the outlook for cane crops in Centre-South Brazil while coffee and cocoa prices rose.
Indonesia filed a complaint at the World Trade Organization against the European Union for its import duties on fatty acids, the global trade watchdog said on Monday.
Shares in Italian luxury shoemaker Tod's jumped on Monday and those of oil refiner Saras fell after the two received buyout offers over the weekend, with both preparing to join peers that have left the Milan bourse.
Commodity trader Trafigura has delivered large amounts of zinc to London Metal Exchange warehouses in Singapore under lucrative rent-sharing deals, three sources familiar with the matter said, pushing stocks there back towards November's 20-year peak.
Russian wheat export prices fell again last week, but have not yet reached levels, considered to be competitive with other grades from Europe, analysts said.
Citi said on Monday it sees cocoa prices scaling a historic $6,100-$6,300 per metric ton over the next month or two and warned demand for the chocolate ingredient needs to contract sharply to avoid even higher prices.
Reuters
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