Associated British Foods said underlying sales growth slowed at its Primark clothing business in the Christmas quarter and it cautioned it could face additional supply costs due to the disruption in the Red Sea.
Fin Sustainable Logistics said on Tuesday it has acquired Urb-it, giving it access to the bankrupt sustainable delivery company's customers including Alibaba's AliExpress, Inditex's Zara, and its technology.
The Indian government has increased the import duty on gold and silver findings, used in making jewellery, and on precious metal coins to 15% from 11%, effective from Jan. 22, to bring them in line with duties on gold and silver bars.
Swatch Group reported a 5.2% increase in annual sales, the world's biggest watchmaker said on Tuesday, adding it saw "excellent growth prospects" for 2024.
Australia is poised to produce much more wheat and other crops this year than previously thought after rainfall confounded expectations that an El Nino weather pattern would maintain dry and hot conditions, analysts and industry associations said.
Malaysian palm oil futures rose on Tuesday on concerns about severe rains disrupting production in two of the world's biggest producers and were further lifted by strong demand from key importer China.
Second-hand fashion marketplace Vestiaire Collective launched a crowdfunding campaign on Tuesday to raise at least one million euros ($1.09 million) from individual investors as the Kering-backed business aims to become profitable by year-end and potentially go public.
Most nonferrous metals rose on Tuesday, buoyed by improved risk sentiment across financial markets in top consumer China where authorities considered to boost funding and stabilise the stock market.
China will expand planting of genetically modified (GM) soybeans and corn, a government official said, as the world’s largest grains importer seeks to boost yields and improve food security.
Malaysia has maintained its February export tax for crude palm oil at 8% and lowered its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.
Most base metals rose on Tuesday, buoyed by improved risk sentiment as top consumer China weighed measures to increase funding and stabilise its stock market.
Malaysian palm oil futures rose on Tuesday amid inclement weather in the country, recouping some of the losses from the previous session as a weaker ringgit supported prices, although declines in rival oils capped gains.
Chicago soybean futures edged higher on Tuesday, with short-covering supporting prices, although expectations of bumper production in South America curbed gains.
China has successfully completed its pilot projects for commercialisation of genetically modified (GM) soybeans and corn, an Agriculture Ministry official said on Tuesday.
Chicago soybean futures slid on Tuesday as expectations of ample supplies from South America weighed on prices, a day after gains in crude oil drove the market higher.
LATAM Airlines widened its advantage last year as the market leader among companies flying domestically and internationally in Brazil, data from Brazilian regulator Anac showed on Monday.
United Airlines Holdings on Monday forecast a wider-than-expected loss in the quarter through March due to the grounding of Boeing 737 MAX 9 airplanes.
United Airlines Holdings on Monday forecast a wider-than-expected loss in the quarter through March due to the grounding of Boeing 737 MAX 9 airplanes.
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