Nasdaq Commodities

South Korea's largest airline, Korean Air, said on Wednesday its board decided to sell about 1 trillion won ($816.55 million) in shares to raise funds as airlines' finances come under strain from grounded fleets due to travel restrictions and crippled demand from the coronavirus pandemic.

China has not responded to a request for urgent talks after Australia's key agriculture exports were hit with suspensions and tariff threats, said Australia's trade minister, as ties strain over Canberra's call for a coronavirus pandemic inquiry.

Algeria's state grains agency OAIC purchased around 500,000 tonnes of milling wheat in an import tender which closed on Tuesday, European traders said on Wednesday.

"You will get business failures on a grand scale," was the warning last night from St Louis Federal Reserve President James Bullard. Yet he stressed he did not see negative interest rates as a good option for the United States. Expect his boss, Fed Chairman Jerome Powell, to repeat that message tonight.

Chinese shares closed higher on Wednesday, reversing course from small losses as a rally in healthcare stocks boosted the index, although gains were capped due to persisting concerns around a potential second wave of COVID-19 cases.

First Abu Dhabi Bank (FAB), the United Arab Emirates' largest lender, on Wednesday said it has $73.2 million of exposure to agri-trader Phoenix Commodities and related entities.

Norway's $1 trillion sovereign fund said on Wednesday it had excluded four Canadian oil and gas companies from its portfolio for producing excessive greenhouse gas emissions, its first use of that reason to blacklist firms.

The Indonesian government is listing state-owned companies hit hard by the coronavirus pandemic that will receive government support, which may include airline Garuda, a finance ministry official said on Wednesday.

Malaysia's economy recorded growth in the first quarter, confounding expectations for a contraction even as the coronavirus pandemic took a toll on exports and domestic demand.

Mitsubishi Heavy Industries said it was halving the annual development budget for Japan's first regional jet in half a century, the M90 SpaceJet, as the coronavirus pandemic squeezes profits.

China's passenger numbers fell 68.5% in April from a year ago, for a drop smaller than in March, the aviation regulator said on Wednesday, pointing to a fragile industry recovery from the coronavirus pandemic as other nations reopen economies.

Australian airline Regional Express Holdings Ltd (REX) is exploring the feasibility of operating between major cities and is in talks with potential partners for an equity investment estimated at A$200 million ($129 million), it said on Wednesday.

Australia's trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the coronavirus outbreak.

Australian airline Regional Express Holdings Ltd (REX) is exploring the feasibility of operating between major cities and is in talks with potential partners for an equity investment estimated at A$200 million ($129 million), it said on Wednesday.

The Norwegian central bank on Wednesday excluded four Canadian oil and gas companies from its $1-trillion wealth fund, the world's largest, for producing too much greenhouse gas emissions, its first use of carbon emissions as a criterion to blacklist firms.

The U.S. Justice Department proposed on Tuesday that Novelis Inc divest Aleris Corp's entire North American aluminum auto body sheet operations as a condition of its acquisition.

The U.S. Justice Department said on Tuesday it was proposing that Novelis Inc divest Aleris Corp's entire aluminum auto body sheet operations in North America as a condition of its planned acquisition.

The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters.

The top three U.S. airlines have told their flight attendants not to force passengers to comply with their new policy requiring face coverings, just encourage them to do so, according to employee policies reviewed by Reuters.

Britain plans to begin negotiating a free trade agreement with Japan via video conference shortly, the government said, setting out its negotiating objectives for a deal it hopes will save British exporters millions of pounds a year in tariffs.