German minerals miner K+S on Thursday reported higher than expected second-quarter core profit, as good operational performance and high cost discipline partly offset lower average prices for potash fertilizers and the effects of the coronavirus pandemic.
Brazilian food processor BRF SA posted second-quarter net profit of 307 million reais ($56.5 million), down 5.5% from a year earlier, as the COVID-19 crisis increased costs and hit exports, according to a securities filing on Wednesday.
China's imports of industrial metals are booming. Refined copper imports hit an all-time high of 494,000 tonnes in June and accelerated again in July with the preliminary trade figures implying another record high of 530,000 tonnes.
Dryness in northern and western wheat growing areas of Argentina prompted the Rosario grains exchange to shave a bit off its planting area estimate for the 2020/21 season on Wednesday, but not enough to cut its 18 to 19 million tonne harvest estimate.
Mexico will gradually phase out use of the herbicide glyphosate by the time the current administration ends in late 2024, President Andres Manuel Lopez Obrador said on Wednesday, following a ministerial spat over the product.
Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback as the miner seeks to ramp up output of the coveted battery metal.
Australia's Treasury Wine Estates on Thursday reported a 36% plunge in annual profit, as the coronavirus-related restrictions hit key sales channels for its high-margin luxury wine.
The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.
Australia's Treasury Wine Estates on Thursday reported a 36% drop in its annual profit, as coronavirus-related restrictions on travel and social gatherings slammed demand for its high-margin luxury wines.
The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a long-standing dispute over aircraft subsidies.
Southwest Airlines Co Chief Executive Gary Kelly said on Wednesday he does not expect the airline will be profitable in 2020 amid the coronavirus pandemic, snapping a 47-year streak of posting consecutive full-year profits.
Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback as the miner seeks to ramp up output of the coveted battery metal.
United Airlines is adding up to 28 daily nonstop U.S. flights to Florida starting Nov. 6 as the Chicago-based airline bets on a rebound in leisure travelers heading to sunny skies.
Scientists have identified a chemical compound released by locusts that causes them to swarm, opening the door to possible new ways to prevent these insects from devouring crops vital to human sustenance as they have for millennia.
Chile's environmental regulator has withdrawn from its legal battle to defend an environmental compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback for the miner as it seeks to expand its operations.
(RTTNews) - Oil prices rallied on Wednesday after industry data showed that U.S. inventories of crude fell more than analysts expected, raising hopes of a recovery in global oil demand.
(RTTNews) - Gold prices cut steep early losses on Wednesday but still remained in the red after data showed Britain's economy shrank by a fifth in the last quarter.
Southwest Airlines Co, Ryanair Holdings Plc and easyJet Plc are the only three airlines whose bonds are still rated investment grade, S&P Global Ratings said, while estimating a drop of up to 70% in global air passenger traffic for 2020.
U.S. refiner Phillips 66 said on Wednesday it plans to reconfigure its refinery in Rodeo, California to produce renewable fuels from used cooking oil, fats, greases and soybean oils.
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