Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Michael Kors owner Capri Holdings Ltd on Wednesday estimated a bigger-than-feared 70% slump in first-quarter sales as the COVID-19 pandemic hammers demand for its luxury handbags and dresses.

Chinese copper smelter Dongying Fangyuan Nonferrous Metals Co said it had failed to repay all of its 1.5 billion yuan ($212.44 million) bond last year, as the embattled firm and its founder prepare for a legal hearing brought by a creditor.

United Airlines said on Wednesday it would add nearly 25,000 domestic and international flights in August, as travel demand hit by the coronavirus outbreak gradually returns.

Michael Kors owner Capri Holdings Ltd on Wednesday forecast a larger-than-expected 70% drop in current-quarter revenue and "significant" losses, as the COVID-19 pandemic hammers demand for its luxury handbags and dresses.

Ryanair used its return to a more regular schedule on Wednesday to pile pressure on its home market of Ireland to ease travel restrictions in a debate that has pitted airline bosses against increasingly cautious health officials.

Ryanair has seen "very strong" bookings for the first two weeks of July across its network, which it relaunched on Wednesday with 1,000 flights, but expects ticket prices to be lower than ever for 12 months, Group CEO Michael O'Leary said.

Aisha Kalinda melts the chunks of cocoa in a pan and spoons the brown gloop into a mould which will become the latest bar produced at the Lowa chocolate factory, the first locally owned producer in Democratic Republic of Congo.

China's aviation authority said on Wednesday it would suspend Sichuan Airlines from operating the Cairo-Chengdu route for a week from July 6, after six arriving passengers tested positive for the novel coronavirus.

Ryanair, one of the largest customers for Boeing's troubled 737 MAX, hopes to take its first delivery in November after the jet's first test flight appeared to go well, Group Chief Executive Michael O'Leary said on Wednesday.

The French government urged Airbus on Wednesday to make as few compulsory redundancies as possible after the European aircraft maker announced it was culling 15,000 posts in Europe to survive the coronavirus crisis.

El Al Israel Airlines reported a first quarter loss on a steep drop in revenue and said it has had to give up some of its fleet and release most of its workforce on unpaid leave to contend with the coronavirus outbreak.

Britain's FTSE 100 index is seen opening lower on Wednesday, with futures down 0.4% ahead of cash market open.

The French government is urging Airbus to make as few compulsory redundancies as possible, French junior transport minister Jean-Baptiste Djebbari told BFM TV on Wednesday.

Ryanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline's boss Michael O'Leary said on Wednesday.

Britain's FTSE 100 index is seen opening 18 points higher on Wednesday, according to financial bookmakers.

The revamped trade pact between the United States, Canada and Mexico taking effect on Wednesday was meant to create a kind of fortress North America, boosting the region's competitiveness - but cracks are already starting to show in the foundation.

Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found.

Boeing Co failed to submit certification documents to the U.S. Federal Aviation Administration (FAA) detailing changes to a key flight control system faulted in two fatal crashes, a long-awaited government report seen by Reuters has found.

Mexican airline Aeromexico said on Tuesday it had begun restructuring under Chapter 11 proceedings, the latest Latin American airline to run into serious trouble as the coronavirus pandemic wreaks havoc on tourism and business travel.