Zurich | Reuters — Beijing’s ambassador to Switzerland said ChemChina’s US$43 billion takeover of seed and agrochemicals firm Syngenta was a mistake, adding he would have tried to stop the […] Read more
Chinese envoy says Syngenta takeover was a bad deal
Trudeau, China’s Xi had ‘positive’ discussions as dispute rages
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau and Chinese President Xi Jinping had “positive, constructive interactions” on the sidelines of the G20 summit on Friday as a dispute […] Read more
Bayer seeks glyphosate litigation advice as Elliott reveals stake
Frankfurt | Reuters — Chemicals giant Bayer , under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set […] Read more
U.S. CFTC awards nearly US$2.5 million to Cargill whistleblower
Chicago | Reuters — The U.S. Commodity Futures Trading Commission has awarded about US$2.5 million to a whistleblower in a 2017 case against global grain trader Cargill over alleged violations […] Read more
Farm labour shortage seen costing billions, expected to rise
Ottawa | Reuters — Canada’s farm labour deficit is expected to double by 2029 to 123,000 workers, or one in three jobs, as shortages continue to hit the sector’s bottom […] Read more
U.S. launches criminal probe into alleged chicken price fixing by Tyson, rivals
Reuters — The U.S. Department of Justice has begun a criminal probe into allegations that Tyson Foods and other poultry processors including Pilgrim’s Pride and Sanderson Farms colluded to fix […] Read more
Canopy Growth Q4 revenue beats as cannabis sales soar
Reuters — Pot producer Canopy Growth reported better-than-expected quarterly revenue on Thursday, as efforts to strengthen its retail operations paid off and increased production capacity resulted in higher sales following […] Read more
Canada opens probe into GM pickups, SUVs over brake performance
Reuters — Transport Canada, the auto safety regulator, has opened a probe into braking issues in nearly 250,000 General Motors full-size pickups and SUVs after U.S. officials launched a similar […] Read more
Cannabis tax revenue below projections in early months
Ottawa | Reuters — Canada’s federal and provincial governments earned $186 million in tax revenues from direct sales of cannabis in the first 5-1/2 months of legalization, Statistics Canada data […] Read more
IGC cuts forecast for 2019/20 world corn production
Global corn stocks are set to fall in 2019-20, but wheat production is expected to increase
London | Reuters – The International Grains Council (IGC) recently cut its forecast for world corn production in the 2019-2020 season, driven by a diminished outlook for the United States […] Read more