Adidas shares fell on Thursday after the sportswear maker delivered a forecast for 2024 well below analysts' expectations, based on limited profits from selling off its last stocks of Yeezy shoes after its break-up with Kanye West.
Prices of nonferrous metals fell on Thursday, pressured by a stronger U.S. dollar after the Federal Reserve pushed back against market expectations for an interest rate cut in March.
Aluminium producer Hydro will invest 180 million euros ($195.39 million) in a new aluminium recycling plant in Spain that will produce 120,000 metric tons of low-carbon metal for Europe's energy transition plans, the Norwegian company said.
Just five months before elections to the European Parliament, the revolt is fuelling a narrative that the EU is riding roughshod over farmers, who are struggling to adapt to stringent environmental regulations amid an inflation shock.
Thailand expects to export 7.5 million metric tons of rice in 2024, down 14.38% year-on-year, due to lower production and increased competition, the commerce ministry said on Thursday.
Chicago wheat futures moved lower on Thursday amid weak demand and falling export prices in Russia, while soybeans and corn also lost ground and were just above multi-year lows on the prospect of ample supply.
A ship carrying around 14,000 sheep and 2,000 cattle docked in Australia on Thursday after abandoning a journey through the Red Sea, but the livestock remained stuck on board as the government decides whether to let them disembark or send them back to sea.
Prices of base metals fell on Thursday, pressured by a stronger U.S. dollar after the Federal Reserve pushed back against market expectation for an interest rate cut in March.
Chicago wheat futures trod water on Thursday amid weak demand and falling Russian export prices, while soybeans and corn hovered above multi-year lows on the prospect of ample supply.
The International Monetary Fund on Wednesday approved the most recent review of its $44 billion program with Argentina, allowing for the disbursement of $4.7 billion.
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.
The European Commission will start informal high-level meetings with member states on Saturday on the details of a proposed new set of sanctions against Russia for its invasion of Ukraine, three diplomatic sources said on Wednesday.
Agricultural chemical and seed company Corteva beat Wall Street estimates for fourth-quarter profit on Wednesday as higher prices in its seeds business offset lower volumes.
Agricultural chemical and seed company Corteva reported a drop in fourth-quarter profit on Wednesday, amid lower volumes and sales of crop protection products and seeds.
The total number of U.S. cattle fell to its lowest level since 1951 as of Jan. 1, in the herd's fifth consecutive year of decline, U.S. Department of Agriculture data showed on Wednesday.
London cocoa futures on ICE hit a record high on Wednesday, extending the market's prolonged advance on tightening stocks after poor crops in West Africa. Sugar futures also rose.
Brazil shoe retailer Arezzo and clothes retailer Grupo Soma said on Wednesday they are in talks for a potential business tie-up, though they added that no binding documents have been inked so far.
Brazil's 2024/25 (July-June) coffee production was projected on Wednesday at 67.15 million bags, only about 2% more than the previous crop output, as unfavorable weather will prevent the new crop from reaching its full potential, said trader Comexim.
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