Tag: companyNews

Global commodity traders to monitor deforestation in Brazil’s savannah

BRASILIA (Reuters) – Six major commodities traders, including Cargill Inc and Bunge Ltd, have agreed to a common mechanism to monitor soybean supply chains for deforestation in Brazil’s vast Cerrado savannah, according to a statement on Friday. The Cerrado covers roughly a quarter of Brazil’s territory, the nation’s second-largest biome after the Amazon rainforest. Its […]

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EU mergers and takeovers (Feb 15)

BRUSSELS, Feb 15 (Reuters) – The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS — United Arab Emirates-based Mubadala Investment Company and Amerra Capital Management LLC to jointly acquire majority stakes in Greek fish farming companies Nireus and Selonda (approved Feb. 15) […]

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UPDATE 1-Canada’s Trudeau says did not direct ex-justice minister on SNC-Lavalin

(Adds background) TORONTO/OTTAWA, Feb 15 (Reuters) – Canadian Prime Minister Justin Trudeau said on Friday that his former justice minister asked him if he was going to offer direction over whether construction company SNC-Lavalin should face a corruption trial and he told her “absolutely not.” Jody Wilson-Raybould quit Trudeau’s cabinet unexpectedly on Tuesday after a […]

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UPDATE 3-Newell shares plunge as Toys ‘R’ Us liquidation, strong dollar weigh on forecast

(Reuters) – Newell Brands Inc on Friday forecast lower-than-expected full-year sales and profit, hit by a strong dollar, higher costs and sluggish sales of its Graco baby products in the aftermath of the liquidation of Toys ‘R’ Us, sending its shares down nearly 19 percent. Large U.S. consumer goods makers like Newell, which sell products […]

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CORRECTED-UPDATE 3-Mexico to pump $3.6 bln to relieve ailing Pemex, more if needed

(Corrects reference in 7th paragraph to Mexico government bond, not Pemex bond) By Ana Isabel Martinez and David Alire Garcia MEXICO CITY, Feb 15 (Reuters) – Mexico will inject $3.6 billion into ailing state-owned oil company Pemex, including by reducing taxes and refinancing debt, officials said Friday, promising to do “whatever is takes” to strengthen […]

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