As tensions between Hong Kong and Beijing increase, multinational firms are seeing more stability in Singapore and expanding their outlook.» Read More
SYDNEY, Oct 20- Australia's government is looking at investing in nearly 30 irrigation schemes and reigniting a long-stalled program of dam building to combat growing water shortages constraining agricultural production. Australia has previously floated ambitious plans to use dams and irrigation to develop marginal land in the outback, but financial...
Oct 15- Chocolate and cocoa companies have donated $600,000 toward combating Ebola in West Africa, the World Cocoa Foundation said on Wednesday, the first sign the industry is striving to prevent the virus from spreading to the world's top two growers. So far, the Ebola virus has killed nearly 4,500 people in West Africa with nearly 9,000 infected, the World...
CHICAGO, Aug 7- Global commodity merchant Cargill Inc is revamping its energy trading unit after two weak quarters in a row and refocusing on U.S. oil markets for a "fresh start" in fiscal 2015, a top executive said on Thursday. A large third-quarter loss was followed by damage control in the fourth quarter ended May 31.
Aug 7- Cargill Inc, a top global commodities trader, said on Thursday its quarterly earnings fell as drought limited farm services opportunities in the United States and due to a loss stemming from the drop in the value of Venezuela's currency. Plains states, which have similarly impacted rival agribusinesses Archer Daniels Midland Co and Bunge Ltd..
NEW YORK/ CHICAGO, Aug 5- Agribusiness company Archer Daniels Midland Co expects to sell its global chocolate business by the end of the third quarter, its president said on Tuesday, after opting to hold onto its larger cocoa press business.
CHICAGO, Aug 5- Agribusiness company Archer Daniels Midland Co on Tuesday reported higher-than-expected second-quarter earnings, citing strong U.S. exports and demand for ethanol. Illinois- based ADM reported net earnings of $533 million, or 81 cents per share, up from $223 million, or 34 cents a share, a year earlier.
*Food and medicine exempt from U.S., EU sanctions on Iran. LONDON/ ANKARA, Aug 1- It should have been a routine delivery of vegetable oil to Iran for making margarine; instead the tanker spent months in the Gulf as banks held up payment for the cargo, fearing they would run foul of international sanctions.
July 31- Bunge Ltd, one of the world's largest agricultural trading houses, on Thursday reported higher-than-expected second-quarter earnings as strong demand and record large soybean crops in the Southern Hemisphere bolstered oilseed processing margins.
CHICAGO, July 23- As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool- giant sausage-shaped storage bags- to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc..
LONDON, July 11- A group of armed individuals has occupied a Cargill Inc sunflower-seed crushing plant in Ukraine's eastern Donetsk region after it was closed due to the increased tensions in the area, the company said on Friday.
Stocks fell on Monday, with Wall Street retreating from all-time highs, as investors looked to the start of the earnings season.
LONDON/ FRANKFURT July 7- U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros to enter the flavouring and the health-conscious food sectors.
Some of the names on the move ahead of the open.
LONDON/ FRANKFURT July 7- U.S. agribusiness Archer Daniels Midland has agreed to buy Swiss-German natural ingredient company Wild Flavors for 2.3 billion euros to enter the flavoring and the health-conscious food sectors.
ADM said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros ($3 billion) in cash.
July 7- U.S. agricultural commodities group Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros in cash and will assume about 136 million euros of net debt. Hans-Peter Wild, son of founder Rudolf Wild, owns 65 percent of the company, while private equity firm KKR owns 35 percent.
July 7- Archer Daniels Midland said it is buying food flavors and specialty ingredients company Wild Flavors for 2.2 billion euros in cash and will assume about 0.1 billion euros of net debt.
July 3- Archer Daniels Midland Co is close to buying natural food ingredients maker Wild Flavors GmbH, backed by buyout group KKR& Co, for about 2.5 billion euros, Bloomberg reported, citing people familiar with the matter.
Some of Thursday's midday movers:
PARIS, June 18- Japan's Ajinomoto Co may not have found a partner in French ingredients company Diana Group, but unlike the famous Paul Anka love song- a favourite of CEO Masatoshi Ito- the food company is moving on, and looking for other deals.