The majority owners of Colombia's Avianca Holdings, brothers German and Jose Efromovich, were arrested on Wednesday as part of Brazil's sprawling Car Wash corruption probe, according to a source briefed on the matter.
Brazil's government is sending agricultural attachés from Beijing to the Chinese city of Shenzhen to probe allegations that Brazilian chicken wings exported there were contaminated with coronavirus, newspaper Valor Econômico reported on Wednesday.
Lufthansa said it had reached an agreement with pilots on Wednesday over a package of short-term measures to cut costs as the German airline battles to reduce losses due to the coronavirus pandemic.
Kuwaiti aircraft leasing company Alafco said on Wednesday it had reached an agreement with Airbus to delay the delivery of aircraft ordered from the planemaker.
Grain trader Archer Daniels Midland Co (ADM) said on Wednesday it plans to sell shares and bonds in Singapore-based Wilmar International with a combined value of $800 million.
Mexican carrier Aeromexico, which filed for Chapter 11 bankruptcy protection in the United States at the end of June, said it has reached an agreement with the holders of its short term stock certificates.
Lufthansa on Wednesday said it had reached an agreement with pilots union Cockpit on a package of short-term measures to cut costs after Germany's flagship airline received a government bailout to secure its future.
Off-price retailer TJX Cos Inc on Wednesday posted a bigger-than-expected quarterly loss, as its stores were shuttered for nearly one-thirds of the quarter due to the lockdown, sending its shares down 5% in premarket trading.
Off-price retailer TJX Cos Inc on Wednesday beat market estimates for quarterly net sales, helped by strong demand for home-improvement products from consumers stuck indoors during the coronavirus lockdown.
U.S. carrier Southwest Airlines Co said on Wednesday it expects cash burn in the third quarter to slow as bookings improve in August from a pandemic-driven grounding of flights worldwide, but flagged inconsistent demand and booking trends.
Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitchenware and clothes during the pandemic using the retailer's same-day delivery services.
Southwest Airlines Co expects cash burn in the third quarter to slow to about $20 million per day as bookings improve modestly in August, following a weak July due to the coronavirus crisis, the U.S. carrier said on Wednesday.
Target Corp on Wednesday reported its best quarterly comparable sales growth and online revenue that nearly tripled as shoppers lapped up videogames, kitchenware and clothes during the pandemic using the retailer's same-day delivery services.
Around 20 staff from state-owned China Minmetals Corp are being transferred to subsidiary MMG Ltd's new office in Beijing, the Australia-based miner said on Wednesday, as it sets up a marketing presence in the world's biggest metals consumer.
The Indonesian rupiah gained on Wednesday after the central bank, as expected, kept interest rates unchanged, while the Philippines led losses for emerging Asian stock markets after reporting a huge spike in coronavirus infections.
The Indonesian rupiah gained on Wednesday after the central bank, as expected, kept interest rates unchanged, while the Philippines led losses for emerging Asian stock markets after reporting a huge spike in coronavirus infections.
South African retailer Truworths International Ltd on Wednesday flagged a decline in full-year earnings of as much as 33%, blaming the impact of the COVID-19 pandemic.
Billionaire Bernard Arnault moved to shore up his influence in French conglomerate Lagardere by acquiring a 27% stake in Arnaud Lagardere's personal holding firm, as a battle over the future of the Lagardere business heats up.
British inflation jumped unexpectedly last month to its highest rate since March, pushed up by clothing retailers refraining from their usual summer discounts as they reopened from the coronavirus lockdown, official data showed on Wednesday.
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