Nasdaq Commodities

Ethiopian Airlines Chief Executive Officer Tewolde Gebremariam said on Tuesday the airline lost $550 million from January to April because of the coronavirus outbreak.

The U.S. Transportation Department on Tuesday issued final rules setting minimum service requirements for passenger airlines receiving government financial assistance.

Brazilian airline Gol Linhas Aereas Inteligentes has the flexibility to reduce its fleet from 130 Boeing 737 planes to 100 by letting leases expire in the short term, executives said on Tuesday while discussing the impact of the coronavirus outbreak.

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry's representative body said airline finances were so fragile they could not afford to refund customers.

Saudi Arabia, Russia and allied oil producers will only agree to deep cuts to their crude output at talks this week if the United States and several others join in with curbs to help prop up prices that have been hammered by the coronavirus crisis.

U.S. Treasury Secretary Steven Mnuchin said on Tuesday that over 3,000 lenders were participating in a new $349 billion small-business coronavirus loan program, and that the Federal Reserve and Treasury were working to set up facilities to support "Main Street" and municipal borrowers.

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

Global airlines cannot afford to refund cancelled flights because of the coronavirus crisis, said the head of the industry's representative body IATA, and carriers are issuing vouchers instead as they conserve cash to survive.

Commodities trader Glencore Agriculture has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.

Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as the industry's representative body launched a plea for urgent government support amid warnings that carriers are running out of cash.

Britain's second-biggest holiday company Jet2 said it had cancelled all flights and holidays until mid-June as restrictions in place due to the coronavirus pandemic show no sign of easing in the coming months.

Department store chain operator Macy's Inc said on Tuesday Chief Financial Officer Paula Price would step down from the role next month after nearly two years on the job.

Dubai-based private equity firm Gateway Partners has acquired a 40% stake in the Gulf franchise of coffee and breakfast chain Tim Hortons, two sources familiar with the matter told Reuters.

Canada's main stock index futures rose on Tuesday, as oil prices jumped on hopes for a global production cut and a slowdown in infections in Europe and the United States aided sentiment.

Department store chain operator Macy's Inc said on Tuesday that Chief Financial Officer Paula Price would step down from the role on May 31.

Glencore Plc has bid $325 million for the minority stake in Argentine soy crushing plant Renova held by bankrupt family-owned company Vicentin, two sources close to the negotiations told Reuters.

Consumer inflation in Russia is likely to accelerate slightly to 2.6-2.7% in year-on-year terms in April if the rouble stabilises, the economy ministry said on Tuesday.

Pilot Jonathan Lau knows the importance of maintaining safe distance in the skies. Now he is dishing out that advice on the ground, making sure people stay apart to help curb coronavirus infections in Singapore.

Germany's Lufthansa is working on a package to raise money from the debt and equity markets to help see it through the coronavirus pandemic that has caused the collapse of passenger flights, two sources familiar with the matter said.

France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.