Bayer AG's (BAYGn.DE) agriculture unit in Brazil expects that its new genetically modified (GM) soybean Intacta2 Xtend will account for about 10% of the country's total soy planting area in…
Category: Business
Italy’s Intesa to sell 654 million euro stake in payments group Nexi
Italy's Intesa Sanpaolo (ISP.MI) said on Monday it was selling its entire 5.1% stake in Nexi (NEXII.MI), in an effort to cash in on a recent rally in shares of…
Colombia’s Grupo Argos Q3 net profit drops 9.2% after jump in costs
Colombian industrial conglomerate Grupo Argos' third-quarter net profit fell 9.2% from a year earlier, the company said Monday, following a jump in costs and expenses. The company, made up of…
Crypto lender BlockFi says it has significant exposure to FTX
Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried's crypto exchange FTX, and associated entities, that last week filed for bankruptcy. FTX founder Bankman-Fried also resigned…
No surge of Russian metal into LME warehouses-exchange
London Metal Exchange approved warehouses have not seen a surge of Russian metal after unfounded worries that the bulk of consumers would shun the metal, the LME said. The exchange…
‘Big Short’ fund manager Burry buys another prison stock
Scion Asset Management's Michael Burry, known for his timely bets against housing ahead of the 2008 financial crisis, added five new companies to his portfolio in the last quarter including…
Tyson Foods earnings miss estimates as pork, beef sales weaken
Tyson Foods Inc (TSN.N) shares slumped 2% on Monday after the U.S. meat processor said declining demand for pork and premium beef contributed to lower-than-expected quarterly earnings. Food companies like…