Financials & Economy
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Adani Wilmer refutes speculations on 44%stake sale
INDIA – Adani Wilmar, a leading packaged food company in India has denied speculation that the parent company, Adani Group was mulling the disposal of the…
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Bayer’s second-quarter derailed by declines in glyphosate business
GERMANY- Bayer, global farm chemicals and seeds producer, recently revealed that its downward revision of this year’s earnings forecast was primarily influenced by a despondent…
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Cargill reports US$177B revenue in Q2, partners ZeroNorth to reduce vessel emissions
USA- Global commodities trader Cargill Inc recently reported that its fiscal year 2023 revenue increased 7% from a year earlier to US$177 billion, the highest…
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Seaboard milling unit Q2 income down on lower margins
USA- Seaboard Corp. quarter 2 results reveal an operating income of US$17 million in its Commodity Trading and Milling (CT&M) segment, down 44% from US$30…
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Flour Mills of Nigeria to raise N55 billion (US$70M) as part of its Commercial Paper Programme
NIGERIA – Flour Mills of Nigeria PLC (FMN), one of the largest foods and agro-allied groups, has announced the issue of up to N55 billion…