U.S. carrier Delta Air Lines said on Wednesday it expects to have $10 billion in cash, cash equivalents, short-term investments and borrowing capacity by year-end.
Russian aluminium giant Rusal's raw materials supplies for its Siberian Achinsk alumina plant, the largest in Russia, have been halted by damaged rail infrastructure, it said on Wednesday.
Saks Fifth Avenue owner Hudson's Bay Company is preparing a bond offering to shore up its finances, the latest retailer to do so after the novel coronavirus pandemic forced widespread store closures, according to people familiar with the matter.
Crude traders are anticipating a substantial reduction in global stocks over the next year as consumption recovers after the coronavirus epidemic and output cuts by OPEC+ and shale producers whittle away excess inventories.
A Chinese vaccine against African swine fever appears to be safe in clinical trials now underway, the official Xinhua news agency said on Wednesday, a step closer to preventing one of the world's most devastating livestock diseases.
German minerals miner K+S aims to agree a sale of its salt business in the Americas by the end of 2020 and has applied for an additional state-secured credit line to cut debt, Chief Executive Burkhard Lohr said on Wednesday.
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European officials aim to speed up trials for coronavirus vaccines containing genetically modified organisms, two EU sources told Reuters, in a move that could help shots developed by companies like AstraZeneca and Johnson & Johnson.
Turkish Airlines is still seeking permits from aviation authorities to resume flying international routes after a two-month suspension following the coronavirus outbreak, an official from the flag carrier said on Wednesday.
China Express Airlines said on Wednesday it had signed a strategic partnership agreement with the Commercial Aircraft Corporation of China (COMAC) to buy a total of 100 ARJ21 and C919 passenger aircraft for delivery from 2020.
German minerals miner K+S aims to agree a sale of its salt business in the Americas by the end of 2020, Chief Executive Burkhard Lohr said on Wednesday.
The coronavirus crisis may be pushing El Al Israel Airlines back into the hands of the state, less than two decades after the flag carrier was privatised.
South Korean shares rose for the ninth straight session on Wednesday on hopes for a quick recovery from the coronavirus-induced economic downturn, though investors maintained a cautious stance ahead of a U.S. Federal Reserve policy decision.
Emirates laid off more pilots and cabin crew on Wednesday in a second day of redundancies at one of the world's biggest long-haul airlines, three company sources said.
Finnair launched a rights issue on Wednesday to raise 500 million euros ($568 million), almost as much as its current market value, as part of its recapitalisation plan to recover from coronavirus lockdowns.
China has accelerated sorghum imports from Argentina, according to sources and shipping data, as buyers diversify their sources of grain imports amid trade disputes with major suppliers Australia and the United States.
Emirates, one of the world's biggest long-haul airlines, will lay off more pilots and cabin crew on Wednesday, sources said, in what would be a second day of redundancies.
China's air passenger traffic halved in May from a year earlier as the coronavirus pandemic hampered travel in the country although the pace of decline slowed from the previous month, showing the industry is on track for a gradual recovery.
Shares of Cathay Pacific Airways Ltd surged as much as 18.7% on Wednesday, reaching their highest level since Feb. 24, after the carrier announced a HK$39 billion ($5 billion) recapitalisation plan led by the Hong Kong government.