Singapore Airlines on Tuesday posted a record half-year profit on the back of strong demand for travel, reflecting a rebound in passenger traffic to the northern part of Asia as countries fully reopened post the Covid pandemic.
Indian retailer and hypermarket operator Trent on Tuesday reported a nearly three-fold surge in the second-quarter profit because of strong demand, sending its shares to a record high.
Frankfurt Airport operator Fraport on Tuesday reported a 14% rise in third-quarter core profit, above market estimates, citing a rebound in passenger traffic during the European summer season.
China's imports unexpectedly grew in October while exports contracted at a quicker pace, in a mixed set of indicators that showed the world's second-largest economy facing persistent risks despite a recent improvement in domestic demand.
Chicago wheat futures slid for the first time in five sessions on Tuesday, with the improved condition of the U.S. winter crop boosting the 2024 supply outlook and adding pressure on prices.
Malaysia will not proceed with a proposed bill to prevent transborder haze pollution, its environment ministry said, citing difficulties in obtaining the necessary information for prosecution purposes.
China imported 5.16 million metric tons of soybeans in October, customs data showed on Monday, surging 25% from a year earlier as a surge of cheap and plentiful Brazilian soybeans continued to arrive at ports.
China's copper imports hit a ten-month high in October, customs data showed on Tuesday, as declining domestic stocks and firm demand underpinned buying activity.
China, the world's largest soy buyer, imported 5.16 million tonnes of soybeans in October, down 27.8 % from 7.15 million tonnes in September, figures from the General Administration of Customs of China showed.
China, the world’s top meat buyer, imported 552,000 tonnes of meat in October, down 7.2 % on prior month, General Administration of Customs data showed. Meat imports for January to October were 6.26 million tonnes, up 3.8% on a year ago. (Full Story)
Prices of most nonferrous metals declined on the London Metal Exchange (LME) on Tuesday, as a firm dollar made the greenback-priced metals more expensive to holders of other currencies.
Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike's technology for making upper portions of sneakers.
U.S. wheat shipments typically weaken at this time of year as soybean exports take the stage, but last week’s decline was unprecedented, reflecting the United States’ shrinking share of world wheat trade.
The U.S. Department of Agriculture (USDA) on Monday rated 50% of the U.S. winter wheat crop in good-to-excellent condition, up three percentage points from the previous week and the highest for this time of year since 2019 as soil moisture improved in the Plains following a three-year drought.
Chicago soybean futures on Monday hit their highest level in some eight weeks on weather concerns in top exporter Brazil and arid conditions in Argentina.
Footwear giant Nike filed federal lawsuits on Monday against rivals New Balance and Skechers, accusing them of infringing patents related to Nike's technology for making upper portions of sneakers.
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