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Global Markets: Agrium to buy Australian fertilizer business

By Commodity News Service Canada
WINNIPEG, Dec. 13, 2017 (CNS) – The following is a glance at the
news moving markets in Canada and globally.
Global commodity trader Louis Dreyfus Company agreed
Tuesday to sell its Macrofertil Australia Pty Ltd to Agrium’s
Australian unit Landmark Operations Ltd. Earlier this year Louis
Dreyfus agreed to sell its African fertilizer distribution
business to Helios Investment Partners. The deal comes as Agrium
is preparing to merge by the end of the year with Potash Corp of

Saskatchewan to form Nutrien.
After the first North American bitcoin futures were
launched this week, Japan’s army of retail investors have
emerged as a major force in the cryptocurrency’s large rally.
The Japanese investors account for an estimated 30-50 per cent
of bitcoin trading. The investors have been drawn in by the
digital currency’s volatility and inefficiencies in pricing that
create opportunities to make money on arbitrage between
exchanges.
The United States Federal Reserve is expected to raise its
interest rates Wednesday afternoon. Interest rates have been
increased twice this year already and are expected to be hiked
two more times within the next year. The hikes have been due to
the central bank trying to balance a stimulus-fueled economic
boost with weak inflation and tepid wage growth.

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