GFM Network News

Louis Dreyfus reports lower profits, seeks partners

Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more

Lilly eyes emerging markets in Novartis animal health deal

Paris | Reuters — The purchase of Novartis’ animal health business will strengthen Eli Lilly’s hand in emerging markets, tapping into growing demand there for protein-rich diets and household treatments for pets, a senior executive at the U.S. group said. As part of a multi-billion dollar revamp announced earlier on Tuesday, Swiss drugmaker Novartis said […] Read more

Brazil threatens WTO action over BSE restrictions

The world’s top beef exporter, Brazil, will give countries that curbed imports of its beef after a case of BSE until March to drop the measures, or it will file a complaint at the World Trade Organization, farm ministry officials said. Five countries have implemented full or partial bans on Brazilian beef imports since confirmation […] Read more