Global miner Rio Tinto said on Thursday it will close its New Zealand Aluminium Smelters (NZAS) venture due to high costs and a challenging outlook for the aluminium market, in a blow to New Zealand's top power producer, Meridian Energy.
U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority.
Santa Catarina, Brazil's largest pork-producing state and No. 2 for poultry, may scrap rules passed to protect food plant workers during the COVID-19 pandemic, state labor prosecutors said on Wednesday, a move that would affect an estimated 480,000 meatpackers and related workers.
Air Canada said on Wednesday it was working with Spartan Bioscience Inc to assess using the Ottawa-based biotechnology company's portable COVID-19 testing technology in the aviation sector.
The easing of social distancing in England will not allow the London Metal Exchange (LME) to reopen its open-outcry trading floor, which has been closed for more than three months, the exchange said on Wednesday.
Air Canada said on Wednesday it was working with Spartan Bioscience Inc to assess the deployment
of Ottawa-based biotechnology company's portable COVID-19 testing technology in the aviation sector.
United Airlines said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45% of staff, as travel demand hit by the coronavirus pandemic struggles to recover.
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United Airlines said on Wednesday it was preparing to send notices of potential furloughs to 36,000 U.S.-based frontline employees, or about 45% of staff, as demand hit by the coronavirus pandemic struggles to recover.
Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatisation, according to a statement by the state grain buyer and privatisation centre.
Brazil's coffee production in 2020 was projected at 59 million bags on Wednesday by the country's statistics agency IBGE, a number that is sharply lower than most projections from analysts and traders.
In trading on Wednesday, shares of Coeur Mining Inc (Symbol: CDE) crossed above their 200 day moving average of $5.31, changing hands as high as $5.50 per share. Coeur Mining Inc shares are currently trading up about 5.9% on the day. The chart below shows the one year perfor
It seems that every fundamental factor is working in gold’s favor right now. U.S. debt is massive and growing, dollars are being created at an alarming rate, and that is all happening at a time when sustained economic weakness is a real possibility.
Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy.
Thousands of Airbus workers marched alongside an airport runway in France and staged an 'empty chair' protest in Germany on Wednesday to protest against plans to cut up to 15,000 jobs.
EU antitrust authorities have extended their investigation into Ray-Ban maker EssilorLuxottica's 7.2-billion-euro ($8.1 billion) bid for Dutch opticians group GrandVision by a week to Aug. 20.
Men's apparel brand Brooks Brothers filed for Chapter 11 bankruptcy on Wednesday, joining a long list of retailers including Neiman Marcus that have crumbled under the impact of the coronavirus crisis.
Russian fertiliser maker Uralchem said on Wednesday it had temporarily suspended its Azot plant, an ammonia, nitric acid and urea producer in the Perm region, due to high calcium chloride levels in a river it uses for water supply.
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