Inditex has switched its clothes factories in Spain over to making medical supplies and its logistics hub has almost ground to a halt, effectively freezing the nerve centre of its business from which it supplies stores worldwide.
Coronavirus-linked flight restrictions are hampering efforts to wipe out locust swarms on the verge of devastating crops in eastern Africa, the U.N. Food and Agriculture Organization (FAO) said.
Airbus is studying a sharp cut in production of its single-aisle A320, its biggest-selling family of jets, to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.
Aluminum Corp of China, known as Chalco, will consider carrying out maintenance or even shuttering some aluminium production facilities as well as cutting alumina output because of current low prices, a company executive said on Friday.
Lead inventories monitored by the Shanghai Futures Exchange (ShFE) fell for a sixth straight week to a 16-month low as buyers sought stocks in exchange warehouses due to a lack of recycled metal in China, data released on Friday showed.
Russia's Rusal has approved a new long-term aluminium supply contract with Glencore worth up to $16.3 billion, it said in a Hong-Kong regulatory statement on Friday.
Airbus is studying a sharp cut in narrow-body production rates to accommodate industrial and delivery problems triggered by the coronavirus crisis, three people familiar with the matter said.
Ryanair missed its 2020 target for passenger traffic and expects to book an exceptional charge of around 300 million euros for the year which ended last month, it said on Friday. [nRSC6562Ia]
China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year.
Investors breaking trading records on China's commodities exchanges are looking to metals and energy futures products such as stainless steel, tin and crude oil, as they hedge risks amid the global coronavirus outbreak or take speculative positions.
Aluminum Corp of China, known as Chalco, would consider carrying out maintenance or even shuttering some aluminium production if prices fall below its cash costs, a company executive said on Friday.
Ryanair said on Friday it expects to report annual profit at the lower end of its prior outlook following widespread travel restrictions imposed by European governments to curb the spread of the coronavirus outbreak.
Shipments of beef from Argentina's famed cattle ranches to the European Union have plunged to almost zero amid the global coronavirus outbreak, while sales to top buyer China have tumbled from last year's levels, industry officials told Reuters.
Hong Kong's Cathay Pacific Airways Ltd will make further cuts to passenger capacity because of extremely low demand, leaving it with just two flights a week each to four destinations in April, according to an internal memo.
Boeing Co said on Thursday it will temporarily suspend production at facilities in Ridley Township, Pennsylvania, amid the ongoing coronavirus pandemic, adding that the suspension will last two weeks, with work to resume on April 20.
Hong Kong's Cathay Pacific Airways Ltd will make further cuts to passenger capacity due to extremely low demand for flights, leaving it with just two flights a week each to four destinations in April, according to an internal memo.
International seat capacity has dropped by almost 80% from a year ago and half the world's airplanes are in storage, new data shows, suggesting the aviation industry may take years to recover from the coronavirus pandemic.
A full airline industry recovery from the coronavirus looks prolonged at best, analysts said, as new data showed international seat capacity had fallen to 23% of last year's levels and around half the world's airplane fleet is in storage.
Reuters
Checked
8 minutes 53 seconds ago
This feed is responsible for generating the rss feed related to the topic Commodities