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Lasso was banned in France in 2007 after the product had been withdrawn in some other countries. It used a different active substance to glyphosate, the chemical contained in Monsanto’s best-selling weedkiller Roundup and the target of lawsuits in the United States over alleged cancer links cheap cufflinks target. The company has been found liable in two trials in California brought by cancer sufferers who have been awarded tens of millions of dollars in damages. Bayer is appealing against those rulings. The legal troubles surrounding glyphosate have contributed to Bayer losing about 30 billion euros in market value since last August. The group’s chief executive on Thursday said it was “massively affected” by the litigation..
TOKYO (Reuters) – Toshiba Corp shares fell by the most in two months on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed, a blow for the Japanese company which has been shedding assets to turn around its business. Toshiba said late on Thursday that China’s ENN Ecological Holdings Co had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments. Toshiba shares fell as much as 5.4 percent before closing down 2.7 percent, the biggest drop since Feb. 12 cheap cufflinks target. The broader market gained 0.7 percent..
Toshiba must now look for a new buyer for the business that it previously said may cause losses of as much as 1 trillion yen ($9 billion). Spot LNG prices are trading at about half the level they were when Toshiba agreed to pay ENN more than $800 million to take over its U.S. operations. A failure to find a buyer could derail Toshiba’s recovery from the fallout of the bankruptcy of its U.S. nuclear power unit Westinghouse, analysts have said. “The challenge in obtaining U.S cheap cufflinks target. approvals provided an opportunity for ENN to walk away from a deal that will be out of the money in the near term following a collapse in LNG spot prices,” said Saul Kavonic, head of energy research for Australia at Credit Suisse..
“At current LNG spot prices, it will be a challenge to bring U.S. LNG volumes into Asia on a cash cost basis, let alone factoring in an additional processing tariff,” he said. (Graphic: Asian spot LNG price – tmsnrt.rs/2X2j9Dm) cheap cufflinks target. Toshiba stunned the market in 2013, when it decided to enter the LNG business. With no experience in shipping or the logistics of the gas and LNG business it seemed an odd fit, analysts said at the time. Toshiba’s plan was to pitch LNG supplies as a sweetener to potential Asian buyers of its turbines used in combined cycle gas-fired power plants..