Some Japanese aluminium buyers have agreed to pay a global producer a $79 per tonne premium for July to September shipments, down 3.7% from the previous quarter, reflecting lower demand because of the COVID-19 pandemic, three sources directly involved in the pricing talks said.
Kenya Airways will lay off an unspecified number of workers, reduce its network and also get rid of some assets due to the coronavirus crisis, its chief executive said in an internal memo seen by Reuters.
Japan's Mitsui Mining and Smelting said on Monday its two zinc mines in Peru resumed operations on July 2 after a closure of more than three months to limit the spread of the novel coronavirus.
Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
Virgin Australia Holdings Ltd bondholders have applied to the Takeovers Panel for approval to allow them to make an alternative proposal to creditors for the sale of the airline to private equity group Bain Capital, the panel said on Monday.
Qantas Airways and Afterpay Ltd said on Monday they had agreed to allow users of the airline's frequent flyer programme to benefit by using the buy-now-pay-later firm's payment platform.
Hong Kong's Cathay Pacific Airways Ltd said on Monday it was evaluating whether to send some of its aircraft to less humid locations for storage as it reviews the size of its fleet in light of the fall in demand due to the pandemic.
A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the market.
China has suspended imports from two Brazilian pork plants owned by meatpackers JBS SA and BRF SA, according to the Chinese customs authority, as it cracks down on meat shipments amid concerns about the new coronavirus.
Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's mineral tracing scheme said.
El Al's fate is expected to be decided in the coming days, with the Israeli airline looking to reach a deal with workers on job and spending cuts to get government aid.
China's Semiconductor Manufacturing International Corp (SMIC) will raise 46.29 billion yuan ($6.55 billion) in a Shanghai share sale, more than double its initial target, pricing its offering following a surge in its Hong Kong-listed stock.
China's Ministry of Agriculture and Rural Affairs said on Saturday that the so-called "G4" strain of swine flu virus is not new and does not infect or sicken humans and animals easily, rebuffing a study published earlier this week.
Apparel company Lucky Brand Dungarees is filing for Chapter 11 bankruptcy, it said on Friday, becoming the latest retailer to fall victim to the coronavirus pandemic.
Shares in airline Aeromexico closed up 4.48% on Friday, rising for a second straight day even as the company missed a debt payment after filing for bankruptcy protection.
Boeing Co and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a plane that democratized global air travel in the 1970s but fell behind modern twin-engine aircraft, industry sources said on Friday.
A Ryanair flight en route from Berlin to Athens made an emergency landing at Thessaloniki airport on Friday with 164 people on board, Greek authorities said.
Banks owed money by cash-strapped Argentine soy crusher Vicentin are accusing the company of diverting hundreds of millions of dollars and have asked a U.S. court to subpoena records as part of a lawsuit, including wire transfers and bank statements.
A union representing workers at Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a $4.2 billion deal with Boeing Co collapsed amid the pandemic, claims the Brazilian planemaker said were an act of "bad faith."
Reuters
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