The development sees China looking to diversify its dependence of soybeans from the U.S. to Brazil. On Monday, as per a senior Chinese diplomat, Brazilian and Chinese companies could potentially form joint ventures for the processing of soy. The development… Read More ›
HR & Organization
California court rules Nufarm’s glyphosate-based herbicide caused cancer
Given the widespread usage of glyphosate in agriculture, no wonder investors are jittery. Although Bayer-owned Monsanto has stood by its stance that its herbicide is safe for human use, in practice taken steps to reduce concentration levels of the chemical… Read More ›
Orderly Brexit very much in the cards: Goldman Sachs
In a research note to clients, Goldman Sachs has forecast a positive end to the Brexit ordeal. Wishful thinking? History will tell. The months to watch will be October and December. With less than 8 months to go before Britain… Read More ›
ECB concerned at continued slide of Turkish Lira
Geo-political tensions, including a widening rift between the U.S. and Turkey, along with Erdogan’s grip on monetary policy are upping the stakes for Eurozone’s banks in Turkey. On Friday, with the Turkish Lira registering yet another record low against the… Read More ›
S&P settles class action lawsuit in Australia over awaring high ratings to SCDOs
Much of the turmoil that shook the world’s capital markets in 2007-2009 can be traced back to the assigning of high ratings to synthetic collateralized debt obligations (SCDOs). On Friday, U.S.-based rating agency Standard & Poor stated it has settled… Read More ›
EU woos Trump with potential import of U.S soybeans and U.S. LNG
The EU’s strategic decision to publish historic trade data is a message to Trump: let us work and trade competitively rather than fight bashful wars. Tariff-free trade can be a win-win situation for both economies. On Thursday, the European Union… Read More ›
Tribune Media Co exits from Sinclair Broadcast Group’s $3.9 billion deal
Tribune Media Co was to be acquired by Sinclair Broadcast Group for $3.9 billion. On Thursday, Tribune Media Co has terminated its $3.9 billion deal to be acquisition by Sinclair Broadcast Group, citing regulatory hurdles. Federal Communications Commission (FCC) Chairman… Read More ›
Yamaha Motor, Nissan, Subaru, Suzuki, Mazda, falsified data on emission control and fuel economy tests
The disclosure by the Japanese government could potentially lead to lawsuits in the U.S., like it did for Germany’s Volkswagen AG. On Thursday, in the latest case of data falsification, the Japanese government disclosed, Yamaha Motor Co, Mazda Motor Corp,… Read More ›
Australia’s energy strategy clouded by coal-friendly lobbies
With elections looming for the state of Victoria in November, a lucid, clear cut energy policy could be a challenge for the coalition government. Australian states are set to vote on a new energy policy this coming Friday which could… Read More ›
ABN Amro to slash 250 jobs from its Corporate and Institutional Banking (CIB) division
The announcement comes in the wake of its earlier December 2017 statement wherein it had hinted at the possibility of such a cost cutting measure. On Wednesday, ABN Amro stated it would shed 250 jobs as part of a cost… Read More ›