By Commodity News Service Canada
WINNIPEG, Mar. 21, 2018 – A US$57 billion takeover of Monsanto has been approved by the European Union. Agricultural giant Bayer announced in September it had reached a deal with Monsanto to acquire the company. The EU says Bayer will have to dump some of its other firms to ensure fair competition in the market.
Approximately 20 different groups are in the running to buy floundering toy-maker Toy “R” Us. The retailer is looking to sell all 82 of its stores in Canada after announcing bankruptcy in the U.S. and the U.K.
It was a light day of trading for many markets around the world as traders waited for the U.S. Federal Reserve to make a decision on whether or not to adjust interest rates. Most analysts expect an increase of some amount. The trepidation within the markets was exacerbated by growing trade tension between the U.S. and China.