Mines around the world are cutting output due to the coronavirus pandemic, leaving top metals consumer China fretting over supply as it recovers from the initial demand shock that the outbreak inflicted on its economy.
HNA Capital, a unit of Chinese conglomerate HNA Group said on Wednesday it was seeking a five-month extension for a $9-million bond interest payment, a week after its parent secured a one-year repayment reprieve over protests by small bondholders.
China's aviation regulator said on Wednesday daily transported air passenger numbers rose 7.9% this month, as of April 21, from March, but was only at 29% of the level seen a year ago, in a sign of how the sector's recovery remains fragile.
Virgin Australia Holdings Ltd's administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline.
Although record harvests are still expected, dry weather has prevented Brazil’s current corn and soybean crops from reaching the eye-popping levels that many market analysts believed would be possible.
United Airlines Holdings Inc on Tuesday announced a public offering of 39.25 million shares aimed at raising more than $1 billion to help shore up capital in the midst of the coronavirus pandemic.
New Zealand's a2 Milk Co Ltd on Wednesday raised the outlook for its full-year core earnings margin amid a surge in consumer stockpiling during the coronavirus outbreak.
Oil prices plunged to negative $40 per barrel on Monday in what is becoming a perfect storm for oil markets. Demand for oil is down, storage is filling up, and traders are trying to unload the paper oil they own before they have to take delivery of actual oil.
The South African government will work with unions to ensure that a new financially viable and competitive airline emerges from South African Airways (SAA) business rescue process, the Public Enterprises Ministry said on Tuesday.
The poorest countries in the world face food insecurity and malnutrition due to the coronavirus pandemic, a drop in foreign exchange earnings, export restrictions and the breakdown of supply chains, a senior World Bank official said on Tuesday.
The Canadian government is not expecting shortages of beef despite some coronavirus-related challenges for the meat packing industry but prices may rise, Prime Minister Justin Trudeau said on Tuesday.
The Canadian government is not expecting shortages of beef despite some coronavirus-related challenges for the meat packing industry but prices may go up, Prime Minister Justin Trudeau said on Tuesday.
Agriculture and food ministers from the Group of 20 countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the new coronavirus must not upend global food supply chains.
Qatar Airways on Tuesday said mid-level employees and above will have their salaries halved for at least three months but that staff would be back paid when the airline could afford it.
Faltering consumer confidence will slow the recovery of air travel once coronavirus restrictions end, the sector's main global body warned on Tuesday, citing bleak new survey data.
The oil market yesterday was by far the strangest market in anything I have ever witnessed, and I have been involved in financial markets in one capacity or another for nearly forty years.
The U.S. Congress moved toward a fourth coronavirus relief bill expected to top $450 billion, as Senate Democratic Leader Chuck Schumer said all major provisions were agreed, and that the Trump administration has signed off on a national testing strategy.
Saudi Arabia said on Tuesday it is monitoring oil markets and is ready to take extra measures to stabilize them along with OPEC+ allies and other oil producers, state news agency SPA reported citing a cabinet statement.
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