Global grains merchant Archer-Daniels-Midland announced a plan to fix accounting issues that caused it to correct certain transactions in six years of financial results on Tuesday, though it warned the plan would take time to implement.
Tag Archives investigation
ADM announces plan to address accounting issues, posts earnings miss
The company's shares were up 4.3 per cent but down nearly 21 per cent for the year
No evidence trains sparked Lytton fire, TSB says
Transportation Safety Board now stepping out of ongoing fire probe
There’s no proof the fire that largely destroyed a British Columbia village, damaged a key rail bridge and led to cuts in rail speed limits in high-risk areas was sparked by train traffic, the federal Transportation Safety Board says. The TSB on Thursday said its investigation, launched in early July, “has not revealed any evidence […] Read more
India’s federal police probe bosses of two fertilizer companies
Large-scale nutrient purchases often known to sway spot prices
Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more
U.S. puts duties on phosphate from Morocco, Russia
Reuters — The U.S. Department of Commerce said Tuesday it would set preliminary duties on phosphate fertilizer imports from Russia and Morocco, after launching an investigation to determine if producers in these countries were receiving unfair subsidies. The department set preliminary duties of 23.46 per cent on imports from Morocco’s OCP Group and other producers […] Read more
Ford says emissions certification process under federal probe
Washington | Reuters — Ford Motor Co. said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process. Ford said in its annual report Environment and Climate Change Canada has opened a probe into the matter after the automaker disclosed early last year that the U.S. Justice Department had opened a […] Read more
Few herds remain in B.C. bovine TB probe
The federal investigation into an outbreak of bovine tuberculosis affecting four animals in a domestic British Columbia cattle herd has pulled back to include just seven properties. As of Monday, the Canadian Food Inspection Agency’s probe included one herd each in B.C. and Saskatchewan and four herds in Alberta under movement controls, along with the […] Read more
All quarantines lifted in bovine TB probe
The mystery of how six Prairie cattle caught a Mexican strain of bovine tuberculosis (TB) is now expected to remain a mystery indefinitely. The Canadian Food Inspection Agency on Monday announced quarantines have been lifted from all Prairie cattle operations tested during its probe of a bovine TB outbreak beginning in the fall of 2016. […] Read more
Brazil fears lost market share for meat industry
Brasilia | Reuters — Brazil’s meatpacking industry has been badly damaged by a police investigation into alleged unsanitary and corrupt practices, and could lose upward of 10 per cent of its global market share, Agriculture Minister Blairo Maggi said Wednesday. Maggi told a Senate committee that the main concern was with the China and Hong […] Read more
Brazilian meatpackers slump on import curbs
Sao Paulo/Beijing | Reuters — Fallout from a meatpacking industry scandal in Brazil, the world’s biggest exporter of beef and poultry, widened on Monday as China, the EU, South Korea and Chile curtailed meat imports from the country after inspectors were accused of taking bribes to allow sales of tainted food. With other import curbs […] Read more
Canadian Cattlemen Presents: Depth of Field
