An investment firm owned by Saudi Arabia’s Public Investment Fund (PIF) has emerged as a frontrunner to back a new cycling league, three people familiar with the matter told Reuters, the latest move by the kingdom to buy into global sports.
Top managers at Marcolin have started meeting potential suitors while they prepare the Italian eyewear manufacturer for a merger or a sale by renewing a series of key licensing accords, two sources close to the matter said.
India's Dalmia Bharat Sugar and Industries reported a flat third-quarter profit on Friday as weak sales of its mainstay - refined sugar - offset strong demand in the distillery business.
Chicago soybean and corn futures edged higher on Friday, consolidating near multi-year lows, while wheat extended the previous day's gains on chatter about renewed Chinese demand.
Chicago-traded corn and soybeans have begun February with a similar energy as last month, which featured the largest January price declines for the most-active contracts in several years.
The world's two largest aircraft lessors said governments will need to invest huge sums of taxpayers' money if they want the fleets of the future to fly mainly on greener fuel, and the head of AerCap doubted whether it would be worth their while.
A ship carrying 16,000 sheep and cows that turned back from the Red Sea due to the risk of attack off Yemen was stranded at an Australian port in a heatwave on Friday as the exporter sought to offload at least some of the animals into quarantine.
London cocoa futures on ICE hit a record high on Friday, with adverse crop weather in top grower Ivory Coast set to widen an expected global deficit in the current 2023/24 season.
Farmers have blocked several border crossings between Belgium and the Netherlands, Belgian and Dutch traffic centres said on Friday, as they protest against grievances including taxes, rising costs, cheap imports and bureaucracy.
Malaysian palm oil futures extended losses to a fourth session on Friday, set for their worst week in nine months after top buyer India sought to cut vegetable oil imports, while prolonged weakness in rival edible oils also weighed on sentiment.
China's stock market slump in January led to a wave of calls for investors to top up cash in their margin trading accounts, triggering fears that a further slide in share prices could spur forced selling of tens of billions of dollars worth of stocks.
Nonferrous metals prices largely fell on Friday and were set for a weekly decline amid mixed economic signals globally and as U.S. rate cuts will be pushed back to later this year.
Taiwanese container shipping major Evergreen Marine has signed an agreement to use Singapore-based X-Press Feeders' new green methanol ships in Europe, X-Press Feeders said late on Thursday.
China has allowed imports of breeding pigs from Ireland, effective from Feb. 1, Chinese customs said, with shipments subject to Ireland meeting animal health requirements.
Ahead of elections next week, Pakistan's caretaker administration is making binding plans for a new government to sell loss-making Pakistan International Airlines, according to the minister in charge of the process and other officials.
Around 16,000 livestock remained in limbo aboard an export ship at an Australian port on Friday, having set sail for Israel exactly four weeks ago only to abandon a passage through the Red Sea and be ordered home by the Australian government.
Malaysian palm oil futures fell on Friday after top buyer India sought to cut vegetable oil imports, while weakness in rival edible oils also weighed on the market.
Reuters
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