Canadian pot producer Aphria on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains.
Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.
Boeing said on Wednesday it would cut production of its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as quarterly sales tumbled 25% due to the fallout from the COVID-19 pandemic.
Canadian pot producer Aphria Inc said on Wednesday net revenue rose more than 18% in the fourth quarter, as coronavirus-related lockdowns led to a surge in demand for marijuana.
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Zimbabwe agreed on Wednesday to pay $3.5 billion in compensation to white farmers whose land was expropriated by the government to resettle black families, moving a step closer to resolving one the most divisive policies of the Robert Mugabe era.
Interglobe Aviation Ltd, which runs India's largest airline IndiGo, reported the steepest quarterly loss in at least five years on Wednesday as travel restrictions due to the COVID-19 pandemic hit its operations.
Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after topping Wall Street estimates for quarterly profit, helped by higher margins for its soy processing in South America, Europe and Asia.
Agricultural commodities trader Bunge Ltd said on Wednesday its second-quarter profit more than doubled, helped by strength in its agribusiness segment.
Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina's undersecretary of trade and investment promotion told Reuters.
U.S. oil refiners in coming days are expected to report the worst second-quarter results in a decade, with production outrunning demand while pandemic-related closings have sapped summer travel.
The crippling effects of the coronavirus crisis have crushed government and corporate finances and sent debt soaring. As the charts below show, it is also crunching their credit ratings and causing a spike in defaults.
Israel's ICL reported a drop quarterly earnings as sales fell on low commodity prices and a slide in demand for clear brine fluids and some flame retardants.
Israel's ICL reported lower quarterly earnings that topped estimates by a cent, as sales fell on low commodity prices and a decline in demand for clear brine fluids and some flame retardants.
Hungarian low-cost carrier Wizz Air said the aviation recovery would be like a roller coaster and that there was still too much uncertainty from the pandemic for it to provide guidance after its earnings plunged 95% in its first quarter.
Heathrow Airport, Europe's busiest airport, called on Britain to urgently introduce a passenger testing regime, warning that without one it would lose a game of global "quarantine roulette" coronavirus stalled aviation.
Next said its full-price sales in the second quarter declined by a 28%, a much better result than it expected at the height of the COVID-19 pandemic, allowing it to forecast full-year profit of about 195 million pounds ($252 million).
Carmaker Aston Martin, which has changed boss and brought in a billionaire investor this year amid a torrid performance, posted on Wednesday a first-half loss of 227 million pounds ($293 million) as sales slumped.
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