Nasdaq Commodities

Malaysia's economy plunged into its first contraction since the 2009 global financial crisis in the second quarter as the coronavirus pandemic ravaged business activity, prompting the central bank to cut its GDP forecast for this year.

Malaysia's economy shrank by 17.1% in the second quarter from a year earlier, its worst contraction in over two decades, as strict coronavirus measures at home and abroad slammed consumer spending and exports, the central bank said on Friday.

Indonesia must use the pandemic to reboot Southeast Asia's biggest economy, including by improving food and energy security, as well as processing more natural resources at home, President Joko Widodo said on Friday.

Metro Mining Ltd said on Friday it would bring forward a planned wet-season shutdown of its flagship bauxite mine, as the COVID-19 crisis hit aluminium prices and made it difficult for the bauxite and thermal coal miner to secure sales.

Mexican carrier Aeromexico, which filed for Chapter 11 bankruptcy protection in the United States at the end of June, said on Thursday it has lined up $1 billion in debtor-in-possession financing with Apollo Global Management Inc.

Mexican carrier Aeromexico, which filed for Chapter 11 bankruptcy protection in the United States at the end of June, said on Thursday in a statement it is seeking debtor-in-possession financing.

Brazil's JBS SA on Thursday posted second-quarter net profits nearly twice as high as the average of analysts' estimates after a strong performance of its beef and pork divisions at home and in the United States.

Brazil-based JBS SA, the world's largest meat-packer, posted net profit of 3.378 billion reais ($629.3 million) in the second quarter, nearly doubling the average of analysts' estimates in a Refinitiv poll, according to an earnings release on Thursday.

The United Kingdom will impose a 14-day quarantine on all arrivals from France on Saturday because COVID-19 infection rates there are too high, transport minister Grant Shapps said on Thursday.

A prolonged drought in some of Argentina's key agricultural areas has punished this season's wheat crop, the Buenos Aires Grains Exchange said on Thursday, adding that more than 99% of expected planting area for the 2020/21 crop had been sown.

(RTTNews) - Oil prices continued their modest decline through Thursday after the International Energy Agency (IEA) cut its forecast for global oil demand for the whole of 2020 to 91.9 million barrels per day, saying the Covid-19 pandemic has cast a long shadow over oil demand.

(RTTNews) - Gold prices continued to rebound modestly on Thursday following the heavy selloff in the previous session as investors await the latest weekly U.S. jobless claims numbers for clues to economic recovery.

Israel and the United Arab Emirates announced on Thursday that they will normalise diplomatic ties and forge a broad new relationship, a move that reshapes the order of Middle East politics from the Palestinian issue to Iran.

The U.S. Department of Transportation said on Thursday it will suspend private charter flights to Cuba to increase U.S. economic pressure on the Cuban government.

Struggling British fashion retailer New Look on Thursday proposed a second major restructuring of its store estate in three years, this time asking landlords to agree new turnover-based leases across its portfolio.

Israel and the United Arab Emirates announced an agreement on Thursday that will lead to a full normalization of diplomatic relations between the two states, a move that reshapes the order of Middle East politics from the Palestinian issue to Iran.

Brazilian food company BRF SA faces challenges meeting Chinese demands to test meat for potential coronavirus contamination, executives said on Thursday, adding the company lost export business in the second quarter amid the pandemic.

Israel and the United Arab Emirates reached a historic peace deal on Thursday that will lead to a full normalization of diplomatic relations between the two Middle Eastern nations in an agreement that U.S. President Donald Trump helped broker.

Hedge funds betting against travel stocks this year made profits of $1.01 billion to end-July, and have $2.98 billion in short positions outstanding in the industry, regulatory filings and investment bank stock lending data shows.

BRF SA, Brazil's largest chicken producer, said on Thursday that expenses incurred to fend off the pandemic will likely fall over the second half of 2020, after it spent millions to adapt factories and control outbreaks of coronavirus.