PARIS (Reuters) – The Asian branch of global crop merchant Louis Dreyfus Company (LDC) said on Monday it had entered into an agreement with Longriver Farms for the acquisition of Australian grain handler Emerald Grain.
The agreement is subject to regulatory approvals and customary closing conditions.
Emerald Grain is a leading grain handling business in Australia, with a network of seven grain storage and receival sites across the states of New South Wales and Victoria, with a combined storage capacity of approximately one million tonnes, and a grain export terminal at the Port of Melbourne, LDC said in a statement.
(Reporting by Sybille de La Hamaide, editing by Tassilo Hummel)
(Bloomberg) — John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder of Paulson & Co. says another downturn in US home prices may be in the cards — but the banking system is in a much better condition to handle it. Paulson sat down with Bloomberg for a wide-ranging interview at the Union League of Philadel
In the early days of the pandemic, if there was one coronavirus vaccine stock investors were betting on, it was Novavax (NASDAQ: NVAX). The biotech stock soared more than 2,700% in 2020 as it developed its vaccine candidate. In the same timeframe, Pfizer shares hardly budged.
There's nothing like a bear market to remind S&P 500 investors how low stocks can go. And it's a surprisingly low number per share.
Threadneedle Street understood to be likely to make statement today Why the pound is falling, what it means – and what can be done about it Bank of England urged to raise rates as markets bet on 6pc by next year FTSE 100 falls 0.8pc as pound crashes to record low Lord Howell: Thatcher’s energy plan was derailed – now we are paying a gigantic price Sign up here for our daily business briefing newsletter
Long story short: the sooner you act, the easier it'll be.
Car makers will 3.23 million fewer vehicles this year than planned, even though global microchip production is beginning to recover. What's going on?
When you put 20% down on the purchase of a home, you don't have to borrow as much money as someone whose down payment is only 5% or 10%. And as a result, your monthly mortgage payment may be considerably … Continue reading → The post This One Chart Shows Why Putting 20% Down on a Mortgage May Be a Mistake appeared first on SmartAsset Blog.
When it comes to building wealth over time, it's hard to beat a strategy of dollar-cost averaging into a broad index fund.
The EV maker's co-founder and chief executive bought 2.2 million American depositary receipts on the open market.
If you want to know who really controls Devon Energy Corporation ( NYSE:DVN ), then you'll have to look at the makeup…
In this article, we will be taking a look at the 10 most shorted stocks in 2022. To skip our detailed analysis of these stocks and the strategy of shorting a stock, you can go directly to see the 5 Most Shorted Stocks in 2022. This September, Apple Inc. (NASDAQ:AAPL) overtook Tesla, Inc. (NASDAQ:TSLA) as the […]
It is the worst year for buying the stock-market dip since the 1930s. Instead of rebounding after a tumble, stocks have continued to fall, denting a strategy that soared in popularity over the past decade.
Meanwhile, Microsoft just raised its dividend by 9.7% this week, and the stock now yields over 1.1%, along with even more shareholder returns via share repurchases. Meanwhile, Microsoft's Azure cloud infrastructure platform grew 40% last quarter, and appears to have many years of strong growth ahead of it; in fact, a recession might even accelerate cloud adoption among enterprises as they seek efficiencies. Microsoft actually has a higher bond rating than that of the U.S. government, with a Standard & Poor's AAA rating.
With a price-to-earnings (or "P/E") ratio of 37.6x Alibaba Group Holding Limited ( NYSE:BABA ) may be sending very…
RRC, NLY and SRT made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 26, 2022.
A fire that broke out on the grounds of Tesla's plant in Germany at 0330 local time (0130GMT) on Monday has been extinguished, with no injuries reported, according to the local fire department. Firefighters from the regional department were called when 800 cubic meters (1046 cubic yards) of cardboard, paper and wood scraps in an outdoor recycling space had caught fire, the spokesperson said. Tesla's fire department took over command of the operation about five hours later, though local firefighters remain on the scene.
(Bloomberg) — A former hedge fund manager who shot to fame for a $2.7 billion volatility trading gain during the global financial crisis is buying the pound on a day when the currency slumped to an all-time low. Most Read from BloombergUK Market Selloff Slams Gilts, Pound, Piling Pressure on BOEJohn Paulson on Frothy US Housing Market: This Time Is DifferentBank of England Says Paper Banknotes Only Good for One More WeekWall Street Banks Prep for Grim China Scenarios Over TaiwanInterpol Issues
One item on the menu that I can talk about is the Mercedes EQB, an all-electric SUV that should be landing in dealer lots any day now. Acton, which you may remember purchased docking and charging startup Duckt some months back, has begun rolling out is docking/charging stations across Paris. Travis VanderZanden lost his post as CEO of Bird just three months after he stepped down as the scooter company's president.
AT&T (NYSE: T) and IBM (NYSE: IBM) both underwent dramatic transformations over the past year. AT&T divested DirecTV, merged WarnerMedia with Discovery to create Warner Bros. Discovery (NASDAQ: WBD) , and sold many of its non-core assets to prioritize the growth of its core telecom business.
In this article, we discuss 11 best cloud stocks to buy now. If you want to see more stocks in this selection, check out 5 Best Cloud Stocks To Buy Now. The global cloud computing market is anticipated to reach $1,554.94 billion by 2030, representing a compound annual growth rate of 15.7%. Cloud computing offers […]
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