Chemicals Fertilizers and Agricultural Chemicals

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  • HONG KONG, Feb 4- State-owned China National Chemical Corp plans for a mix of recourse and non-recourse loans to fund a $43 billion bid for Swiss seeds and pesticides group Syngenta, Thomson Reuters LPC said on Thursday, citing banking sources familiar with the plans. The specific breakdown of the funding package has yet to be decided, but about $30 billion would...

  • WASHINGTON, Feb 3- The state-owned China National Chemical Corp, which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agriculture Committee chairman said he would monitor the deal. The $43 billion deal, which was announced on Wednesday as a way for...

  • Merck and Chipotle are big market movers Wednesday, 3 Feb 2016 | 4:41 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq stock market:. Merck& Co., down 36 cents to $50.05. Chipotle Mexican Grill Inc., down $13.93 to $461.74.

  • BELLE GLADE, Fla.— Dozens of farmworkers looked up at the little yellow plane buzzing over the Florida radish field, a mist of pesticide falling from its wings. "I smelled a strong odor and started feeling bad," worker Maria Garcia later told a state investigator. An Associated Press review of federal and state enforcement data and other records revealed that the...

  • HONG KONG— ChemChina's offer to buy Swiss pesticide giant Syngenta is the latest in a string of deals that has turned the company into a Chinese chemical colossus with an increasingly international profile. Beijing- based ChemChina, also known as China National Chemical Corp., is one of the country's biggest industrial companies, with 140,000 employees in 150...

  • This transaction is about growth: Syngenta chairman Wednesday, 3 Feb 2016 | 2:26 AM ET
    This transaction is about growth: Syngenta chairman

    Michel Demaré, chairman of Syngenta, says the takeover deal with state-owned ChemChina is good value for shareholders.

  • HONG KONG— A Chinese state-owned chemical maker offered to buy Swiss pesticide giant Syngenta for $43 billion in what would be the biggest-ever foreign acquisition by a Chinese company. Basel- based Syngenta said in a statement that ChemChina's cash offer is worth the equivalent of 480 francs a share, including a special 5 franc dividend for shareholders if...

  • ChemChina to buy Sygenta for $43 billion Wednesday, 3 Feb 2016 | 1:19 AM ET
    ChemChina to buy Sygenta for $43 billion

    CNBC's Julia Chatterley reports from Basel on Syngenta and the takeover deal by ChemChina, a Chinese state-owned company.

  • HONG KONG— ChemChina offers to buy Swiss pesticide giant Syngenta in deal valued at more than $43 billion.

  • ChemChina close to $42B Syngenta deal: Sources Wednesday, 3 Feb 2016 | 12:54 AM ET
    Ren Jianxin

    ChemChina is nearing a deal to take over Syngenta for around $42 billion, two people familiar with the matter told Reuters.

  • TORONTO, Feb 1- Tanking fertilizer prices have worsened the economic and budget outlook for the Canadian province of Saskatchewan, where the oil shock has already stalled growth, pushed the government into deficit and caused its bonds to underperform. Saskatchewan may have seen no growth, at best, in 2015, economists said, and given the latest potash news, this...

  • Shares of Potash Corp, which also reported a lower-than-expected quarterly profit on Thursday, fell 3.9 percent in pre-market trading in New York. Potash prices have fallen sharply on pressure from bloated capacity, soft grain prices and weak currencies in major consumers such as India and Brazil. Saskatoon, Saskatchewan- based Potash Corp suspended...

  • OTTAWA, Jan 26- Canada's official environmental watchdog on Tuesday expressed concern that authorities were allowing the long-term use of pesticides linked to bee deaths despite not having enough information about the products. "These products continue to be used extensively in Canada despite widespread concern they may pose a threat to bees, other...

  • TORONTO, Jan 21- Canada's main stock index gained on Thursday, interrupting a sustained down trend, as energy stocks surged and oil prices rebounded from near 12- year lows. "The big story is a pop back in energy," said John Stephenson, president at Stephenson& Company Capital Management. Potash Corp fell 3.3 percent to C $22.80, after the fertilizer producer said it...

  • CHICAGO, Jan 21- Monsanto Co stepped up its defense of a widely used weed killer on Thursday by filing a lawsuit in California seeking to prevent glyphosate, the main ingredient in its Roundup herbicide, from being added to the state's list of known carcinogens. The seed and agrochemicals company said it filed the suit against the state's Office of Environmental...

  • CHICAGO, Jan 21- Monsanto Co said it filed a lawsuit on Thursday seeking to prevent glyphosate, the main ingredient in its weed killer Roundup, from being added to California's list of known carcinogens, stepping up its defense of the widely used herbicide. The seed and agrochemicals company filed the suit against the state's Office of Environmental Health...

  • Potash Corp said it was putting its Picadilly mine in the Canadian province of New Brunswick on care and maintenance, resulting in the loss of 420 to 430 jobs. As demand for potash has fallen worldwide, Potash Corp, the world's biggest fertilizer company by capacity, has in recent months closed its Penobsquis potash mine in New Brunswick and suspended production...

  • Potash Corp, which had more than 5,000 employees worldwide at the end of 2014, said it would retain 35 employees at Picadilly to keep the operation in "care-and-maintenance" mode. Potash Corp said it expected to recognize severance and transition costs of about $35 million in the first quarter as a result of suspending operations at Picadilly.

  • *Scientists urged European Commission to discount EFSA view. The European Food Safety Authority, which advises European Union policymakers, issued an opinion in November that glyphosate is unlikely to cause cancer. "We urge you and the European Commission to disregard the flawed EFSA finding on glyphosate in your formulation of glyphosate health and...

  • Jan 6 (Reuters)- Monsanto Co said a souring farm economy and currency woes will push its 2016 earnings to the lower end of expectations, while a cost-cutting drive will lead the world's largest seed company to slash more jobs. However, Monsanto's recent attempts to re-engage Syngenta AG about a potential takeover have been difficult since the Swiss agrochemical...