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KWS seeks to buy Bayer’s vegetable business, countering BASF

May 29, 2018 admin Comments Off on KWS seeks to buy Bayer’s vegetable business, countering BASF

German seed seller KWS Saat (KWSG.DE) has made an eleventh-hour bid for Bayer’s (BAYGn.DE) vegetable seed business, which Bayer is selling to BASF (BASFn.DE) to get approval of its planned purchase of Monsanto (MON.N). KWS, the world’s No.1 supplier of sugarbeet seeds, on Tuesday said its non-binding proposal was first made to Bayer on Jan. 26, but not disclosed to investors at the time. Frustration over Bayer’s rejection despite a “highly attractive price” led KWS to break cover on the bid, in the hope that antitrust regulators will regard it more favourably, KWS Chief Executive Hagen Duenbostel …read more […]

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Canadian government to buy Kinder Morgan’s Trans Mountain pipeline

May 29, 2018 admin Comments Off on Canadian government to buy Kinder Morgan’s Trans Mountain pipeline

The Canadian government said on Tuesday it will buy Kinder Morgan Canada Ltd’s (KML.TO) Trans Mountain pipeline project for C$4.5 billion (2.6 billion pounds) but does not intend to be the long-term owner of the project, which has faced fierce environmental opposition. Finance Minister Bill Morneau said that buying the existing pipeline and its planned expansion project, which will carry crude oil from landlocked Alberta to a port in the Vancouver area, is the only way to ensure the halted project gets built. The government will also offer federal loan guarantees to ensure construction continues through the 2018 …read more […]

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George Soros warns the European Union is on the brink of collapse — and Trump is partly to blame

May 29, 2018 admin Comments Off on George Soros warns the European Union is on the brink of collapse — and Trump is partly to blame

The European Union is in the midst of an “existential crisis” and may cease to exist, billionaire investor George Soros said. President Donald Trump’s withdrawal from the Iran nuclear deal is partially to blame for the EU’s problems. …read more […]

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Brent crude pares losses, but spectre of output boost remains

May 29, 2018 admin Comments Off on Brent crude pares losses, but spectre of output boost remains

Brent crude oil rose on Tuesday, paring losses triggered by expectations that Saudi Arabia and Russia could pump more crude to compensate for a potential supply shortfall. Brent crude futures (LCOc1) were up 57 cents on the day at $75.87 a barrel by 1200 GMT, while U.S. futures (CLc1) fell 89 cents to $66.99. Brent crude now commands its largest premium over U.S. futures in more than three years, meaning that U.S. exports are rapidly becoming far more competitive globally than those from northern Europe, Russia or parts of the Middle East. …read more […]

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Bayer could get U.S. approval for Monsanto deal on Tuesday: source

May 29, 2018 admin Comments Off on Bayer could get U.S. approval for Monsanto deal on Tuesday: source

Bayer could be granted conditional U.S. antitrust approval for its planned takeover of Monsanto as soon as Tuesday, clearing a major hurdle for the $62.5 billion deal, a person familiar with the situation told Reuters. Bayer has already come to an agreement in principle on what it would take to win approval from the U.S. Department of Justice (DoJ), after adjusting the planned divestment of assets to include digital farming to assuage antitrust concerns. Both Bayer and the DoJ declined to comment. …read more […]