GFM Network News


Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)

JBS says it paid US$11 million in bitcoin for ransom

Cyberattack disrupted plants in North America, Australia

Reuters — Meatpacker JBS USA paid a ransom equivalent to US$11 million (C$13.3 million) following a cyberattack that disrupted its North American and Australian operations, the company’s CEO said in a statement Wednesday. The subsidiary of Brazilian firm JBS halted cattle slaughtering at all of its U.S. plants and its Alberta beef plant for a […] Read more

Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)

Nutrien to boost potash output on global demand

Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a […] Read more


File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)

Trans-Pacific trade partners agree for U.K. to start joining process

Tokyo | Reuters — Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan’s economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain’s joining process after hosting an […] Read more






A view of BHP’s potash mine project north of Jansen, Sask. (BHP.com)

BHP reported in talks with Nutrien on potash partnership

Reuters — BHP Group is in discussions with fertilizer maker Nutrien about a partnership in the miner’s massive potash project in Saskatchewan, Bloomberg reported Wednesday, citing sources. Potential options include Nutrien acquiring a stake in BHP’s mine at Jansen, Sask., or becoming the mine’s operator and selling the potash through its channels, the report said, […] Read more

A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)

Kansas City Southern sticks with CN as CP won’t raise bid

CN confident of regulatory approval

Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more


BBQ season arrives with a bang

BBQ season arrives with a bang

Reading Time: < 1 minute “On fire” and “sizzling” are terms being used to describe meat prices. “Wholesale beef and pork prices this spring have seen incredible strength,” Canfax said in a market report earlier this month. “Except for last year when wholesale beef prices doubled due to a shortage of supplies, cut-out prices at current levels had not been […] Read more

CN locomotives in Winnipeg. (Photo courtesy CN)

CN shareholder urges changes to Kansas City Southern deal

Fund manager also holds stake in CP

Reuters — Billionaire hedge fund manager Chris Hohn on Tuesday urged Canadian National Railway to abandon its $33.6 billion bid for Kansas City Southern unless the Canadian railway changed its agreement to drop a key feature that could invite more regulatory scrutiny. Hohn’s TCI Fund Management, which has a 2.93 per cent stake in CN, […] Read more