A logo is seen at the headquarters of agricultural chemical maker Syngenta in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann/File Photo

Beijing nudged Syngenta to withdraw $9 billion Shanghai IPO on market weakness, sources say

China's securities watchdog's tighter scrutiny of IPOs has led some companies to scrap plans, move offshore

Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed $9 billion IPO in Shanghai on concerns about the impact a sizeable new offering would have on a volatile market, four people said.




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National school food program announced

Federal government says program aims to start with 2024/25 school year

The federal government plans to spend over $1 billion over five years on a national school food program that will feed an additional 400,000 school-aged children a year.