Options investors are ramping up bets on some of this year's biggest winners, including Amazon.com Inc, Netflix Inc and Tesla Inc, even as they turn cautious on the wider market amid a resurgent U.S. coronavirus outbreak.
The U.N.'s highest court for disputes between countries sided with Qatar on Tuesday in its legal fight with several Gulf states that imposed an air blockade against Doha.
Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Boeing Co customers canceled orders for 355 of its 737 MAX jets in the first half of 2020, the U.S. planemaker said on Tuesday, as the damage done by the jet's grounding and the coronavirus crisis to the airline industry continued to mount.
Russian aluminium giant Rusal has asked the board of Norilsk Nickel (Nornickel), in which it has a major stake, to change its management and overhaul its environmental policies after a fuel spill in Siberia.
British airline Virgin Atlantic said on Tuesday it had agreed a private-only rescue deal with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus crisis.
Ryanair on Tuesday announced it was cutting 1,000 flights serving its home Irish market in August and September, citing a 14-day quarantine it said was doing "unrecoverable damage" to the country's tourist industry.
Hedge funds are starting to buy into the rally in copper, which continues to build upside momentum. London Metal Exchange (LME) copper hit a two-year high of $6,633 per tonne on Monday. At a current $6,490, it is now up 5% on levels at the start of the year, having clawed back all its COVID-19 losses.
British airline Virgin Atlantic said on Tuesday it had agreed a private-only restructuring package with shareholders and creditors worth 1.2 billion pounds ($1.5 billion) to secure its future beyond the coronavirus crisis.
China's state stockpiler Sinograin said on Tuesday that an investigation into the quality of corn in one of its warehouses had found none of the problems alleged in a video shared on social media at the weekend.
The market will be closely watching the OPEC+ JMMC meeting which is expected to be held this week on the 15thof July to review compliance in June and ease cuts.
Creditors of loss-making South African Airways (SAA) approved a rescue plan on Tuesday which requires at least 10 billion rand ($596 million) in new funding, throwing the ball into the government's court to come up with the cash to save the airline.
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.
Creditors of South African Airways (SAA) approved a restructuring plan for the loss-making airline on Tuesday, one of SAA's administrators told a creditor meeting.
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.
British airline Virgin Atlantic is close to securing a 1.2 billion pound ($1.5 billion) rescue deal, Sky News reported on Tuesday, removing the medium-term chance of administration as a result of the coronavirus crisis.
BP delivered 3 million barrels of Iraqi oil to the Shanghai International Energy Exchange (INE) this month, becoming the first major global trader to make a physical delivery since China launched the futures market in 2018, industry sources said on Tuesday.