American Airlines Group Inc must reduce its management and support staff by about 30% as it moves to run a smaller airline due to the coronavirus pandemic, according to a letter to employees made public on Wednesday.
Synlait Milk revised downward its milk price forecast for the current season on Thursday, citing lower dairy prices in tandem with a global slump in commodity prices during the new coronavirus pandemic.
Chinese commodities trader COFCO International said on Wednesday it will use its 12A terminal in Brazil's Santos port to move sugar instead of grains beginning in July and through the end of the year.
Venezuela has begun preparations to distribute fuel imported from Iran among desperate citizens as the fourth cargo of a five-tanker flotilla was crossing the Caribbean on Wednesday, according to Refinitiv Eikon and a government official.
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, Chief Executive Doug Parker said at a conference on Wednesday, and shot down speculation that a major U.S. carrier could disappear due to the coronavirus pandemic.
American Airlines Group Inc's is not considering a Chapter 11 bankruptcy filing, CEO Doug Parker said in response to a question at a conference on Wednesday, but said he does expect the overall U.S. airline industry to be 10% to 20% smaller in the summer of 2021.
Secretary of State Mike Pompeo said he had certified on Wednesday to Congress that Hong Kong no longer warranted special treatment under U.S. law in the same way that applied when the territory was still under British law before July 1997.
U.S. logistics company FedEx is on the point of taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Boeing Co said Wednesday it was eliminating more than 12,000 U.S. jobs, including laying off 6,770 U.S. workers as the largest American planemaker restructures in the face of the coronavirus pandemic.
Brazilian meatpacker BRF SA said on Wednesday it would find it "mathematically impossible" to keep current output levels if slaughterhouses are ordered to close due to the novel coronavirus.
In trading on Wednesday, shares of Osisko Gold Royalties Ltd (Symbol: OR) crossed below their 200 day moving average of $9.56, changing hands as low as $9.45 per share. Osisko Gold Royalties Ltd shares are currently trading off about 1.9% on the day. The chart below shows th
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Boeing Co said Wednesday it will notify 6,770 U.S. workers they are being laid off with "several thousand remaining layoffs" planned in the next few months, chief executive Dave Calhoun told workers in an email.
Protesters calling for jobs have brought Tunisia’s phosphate output to a halt by staging sit-ins at state-run Gafsa Phosphate (CPG), the country's sole producer, a company official said on Wednesday.
The fourth cargo of a group of Iranian tankers reached the Caribbean Sea on Wednesday as the receiving nation, Venezuela, began preparations to distribute the imported gasoline among desperate citizens, according to Refinitiv Eikon and a government official.
Britain told the European Union on Wednesday it needed to break a fundamental impasse to clinch a Brexit trade deal by the end of the year and said an agreement on fisheries might not be ready by July.
Italian mobile tower company INWIT, jointly controlled by Telecom Italia (TIM) and Vodafone, are expected to enter the Milan bourse's blue-chip index, starting from a reshuffle next week, two traders said on Wednesday.
Lufthansa's supervisory board postponed approval of a 9 billion euro ($9.90 billion) bailout in light of conditions imposed by the European Union, the German airline group said on Wednesday.