Fashion conglomerate Shandong Ruyi, best known for its ambition to be the LVMH of China, has brushed aside a sale of textile maker Lycra proposed by Lycra's creditors and is instead looking to publicly float the business, two people with direct knowledge told Reuters.
Online wine seller Naked Wines said on Thursday it expects total sales in July to rise 73% from a year earlier and that it has seen continued strong rates of new customer growth.
Abu Dhabi's Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic.
Online wine seller Naked Wines said on Thursday it expects total sales in July to be up 73% compared to last year and that it has seen continued strong rates of new customer growth.
Abu Dhabi's Etihad Airways reported on Thursday a $758 million loss in the first half as passenger traffic fell by nearly 60% due to the coronavirus crisis.
U.S. Democratic presidential candidate Joe Biden on Wednesday ratcheted up the rhetoric on President Donald Trump's handling of the country's increasingly tense relationship with China, saying the Republican's much-vaunted trade deal was "failing."
The U.S. Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co $1.25 million after the agency alleged Boeing managers at its South Carolina plant exerted undue pressure on workers who handle safety oversight work on behalf of the agency.
Panama's Copa Airlines on Wednesday reported that it earned almost no income between April and June, with revenue falling 98% as coronavirus-related measures virtually shuttered the Panama City airport that serves as its home base.
Corteva Inc on Wednesday reported a drop in quarterly revenue and operating profit, slammed by a shift in some corn seed sales to the first quarter and lower sales of its pesticides in Latin America.
Corteva Inc reported a drop in quarterly revenue and operating profit as some corn seed sales had shifted to the first quarter and due to lower demand for its insecticides and pesticides in Latin America.
Democratic presidential candidate Joe Biden on Wednesday ratcheted up rhetoric on President Donald Trump's handling of the United States' increasingly tense trade relationship with China.
A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters.
The Federal Aviation Administration on Wednesday said it was proposing to fine Boeing Co $1.25 million after the agency alleged Boeing managers exerted undue pressure or interfered with work of employees performing duties for the government at the company’s plant in South Carolina.
A group of Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines after warnings that carriers may be forced to cut tens of thousands of jobs without government action, according to a letter seen by Reuters.
A group of 16 Senate Republicans on Wednesday backed extending a $25 billion payroll assistance program for U.S. airlines who have warned they may be forced to cut tens of thousands of jobs after Sept. 30 without government action, according to a letter seen by Reuters.
Boeing Co does not see the need to add to liquidity through additional debt offerings to manage the downturn in global aviation caused by the COVID-19 pandemic, chief financial officer Greg Smith said on Wednesday.
Boeing Co does not see the need to add to liquidity through additional debt offerings to manage the downturn in global aviation caused by the COVID-19 pandemic, chief financial officer Greg Smith said on Wednesday.
In trading on Wednesday, shares of Vedanta Ltd (Symbol: VEDL) crossed above their 200 day moving average of $6.48, changing hands as high as $6.52 per share. Vedanta Ltd shares are currently trading up about 2% on the day. The chart below shows the one year performance of VE
Private exporters sold 192,000 tonnes of U.S. soybeans to China, the U.S. Department of Agriculture said on Wednesday, the first confirmed sales of U.S. oilseeds to the world's top soy consumer since July 27.
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