64.80 0.00 (0.00%)
After hours: 4:38PM EDT
|Bid||58.24 x 800|
|Ask||0.00 x 800|
|Day's Range||64.08 - 65.00|
|52 Week Range||61.28 - 83.20|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||2.00 (3.14%)|
|1y Target Est||N/A|
British asset manager Schroders (SDR.L) expressed interest in buying CarVal Investors in May but the hedge fund that is owned by U.S. agri group Cargill said it was not for sale, a CarVal executive said. CarVal, with $11.6 billion (9.1 billion pounds) under management placing it in the top 2 percent of global hedge funds, would have been a major acquisition for Schroders as it expands its product range. "Schroders ... said they would be interested in looking at ways we could work together," CarVal Managing Principal Lucas Detor told Reuters.
Moody's Investors Service ("Moody's") has assigned a Baa2 rating to Bunge Limited Finance Corp.'s $600 million issuance of guaranteed senior unsecured notes due 2024. Bunge Limited Finance Corp. is a wholly-owned subsidiary of Bunge Ltd. and these notes are fully, unconditionally, and irrevocably guaranteed by Bunge Limited. "Bunge is tendering for its notes due in 2019, which will improve liquidity extend its maturity profile" stated John Rogers, Senior Vice President at Moody's Investors Service.
Commodities trader Bunge Inc , bank Banco Santander Brasil and conservation group The Nature Conservancy are promoting a scheme to finance Brazilian farmers who commit to preserve virgin land, they said on Wednesday. The first lines of credit are expected to fund three or four farmers undertaking preservation projects, with no current plans to expand it beyond a pilot scheme, according to Bunge and Santander representatives. The initiative suggests grain handlers may be responding to pressure to support conservation efforts as China's appetite for soybeans drives acreage and production growth in Brazil.
Brazil’s vast jungle is synonymous with the problem of deforestation, but the country’s Cerrado savanna is also at risk from agricultural expansion. Bunge Ltd. and Banco Santander Brasil SA, together with The Nature Conservancy, a U.S. charitable organization, will start a pilot program in September that lends to Brazilian farmers who cultivate parts of the Cerrado that don’t require clearance. The Cerrado, the largest grassland savanna in South America, has come under increased pressure from the sustained boom in Brazilian soybean production.
Singapore-based agribusiness Wilmar International Ltd has scooped up the sugar trading book of rival Bunge for an undisclosed amount, the companies said on Wednesday. Benchmark futures of raw and refined sugar fell to their weakest levels in a decade this week. The sale includes both raw and refined sugar contracts, Wilmar said in a filing.
Singapore-based agribusiness firm Wilmar International Ltd said its subsidiary will buy contracts for raw and white sugar from a Bunge Ltd business for an undisclosed amount. In March, Wilmar said it had ...
Zacks.com highlights: Archer Daniels Midland, Dillard's, Delek US Holdings, Bunge and Beazer Homes USA
In the fiscal third quarter, Deere’s (DE) Construction & Forestry segment reported revenue of $3 billion, a 100% rise compared to fiscal Q3 2017 when it reported revenue of $1.5 billion. The segment’s revenue growth was mainly driven by the company’s acquisition of Wirtgen Group, which was completed in December. Wirtgen Group’s contribution, higher shipments, and lower warranty expenses helped the segment’s operating profit grow.
A worsening row between Saudi Arabia and Canada about human rights threatens to undermine Riyadh's foreign investment drive, a campaign already unsettled by a series of assertive political and diplomatic ...
Saudi Arabia's main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said on Tuesday, as a diplomatic dispute between the two countries escalates. Traders said they had received an official notice from the Saudi Grains Organization (SAGO) about its decision. Canada on Monday refused to back down in its defence of human rights after Saudi Arabia froze new trade and investment and expelled the Canadian ambassador in retaliation for Ottawa's call to free arrested Saudi civil society activists.
Global grain trader Bunge Ltd (BG.N) said on Monday that the head of its largest unit, agribusiness, is retiring, days after the company reported a surprise quarterly loss. Brian Thomsen, 51, made "a personal decision" to step down at the end of the year, according to a company statement. Thomsen has led the company's agribusiness unit, which includes its main operations of buying, trading and transporting grain, since May 2014.
Global grain trader Bunge Ltd said on Monday that the head of its largest unit, agribusiness, is retiring, days after the company reported a surprise quarterly loss. Brian Thomsen, 51, made "a personal decision" to step down at the end of the year, according to a company statement. Thomsen has led the company's agribusiness unit, which includes its main operations of buying, trading and transporting grain, since May 2014.
Bunge CEO Soren Schroder said on Wednesday the company does not plan to close a soy crushing plant at its Ramallo port in Argentina, contradicting a union that said last week it had been notified of the closure. "It's a competitive plant and a good port – so long as we can secure competitive staffing," Schroder said. The Workers' Federation of the Industrial Oilseed Complex, which represents employees at Argentina's soy crushing plants, said Bunge notified employees on July 23 that it would shutter a mill at the port and lay off 60 workers.
Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday after being caught wrong-footed in the soybean futures market with bets that a trade war between the United States and China would be averted. The result was in stark contrast to trading rivals Archer Daniels Midland Co and Cargill Inc, which reported strong profits in their most recent quarters. Bunge largely blamed a bet that soybean prices would rise as U.S.-China trade tensions eased during the period.
Bunge (BG) delivered earnings and revenue surprises of -90.48% and 0.74%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the White Plains, New York-based company said it had a loss of 15 cents. Earnings, adjusted for one-time gains and costs, were 10 cents per share. The results did not meet Wall Street ...
Bunge Ltd., one of the largest agricultural traders and processors, posted a surprise loss for the second quarter after it was wrong-footed by price moves in the soybean market due to the U.S. trade war with China and a drought in Latin America. The loss will increase the pressure on Chief Executive Officer Soren Schroder to turn the company’s performance around. Schroder told analysts on a conference call on Wednesday that Bunge "went long" -- a bullish bet -- on Chicago soybean futures, speculating the trade war between the U.S. and China would be brief.