Farm Equipment News
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Asia’s regional benchmark stock index headed for its first advance in three days, driven by a rally in Japanese exporters after the yen weakened past 102 versus the dollar. Stocks outside Japan declined.
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Fiat SpA, Italy’s biggest manufacturer, may retreat further from its heritage by selecting New York as the primary exchange for its stock after a planned merger with Chrysler Group LLC.
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Kylan Dales gave up a banking career to work out of a mobile office and plow his pickup truck through snow in the oil fields of Saskatchewan.
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Serbia is accepting bids for state- owned farm-equipment maker Industrija Masina i Traktora AD in a third attempt to sell its 94.5 percent stake.
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Ag Growth International Inc., the worst performing farm equipment stock among its North American peers, says it will rebound this year by tapping Russian demand for modern grain storage.
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Kubota Corp., the Japanese farm- tractor maker seeking an overseas purchase of as much as $2 billion, said the weakening yen will push sales to a record in the next fiscal year and won’t curb its acquisition appetite.
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Deere & Co. , the world’s largest farm equipment maker, reported second-quarter profit that topped analysts’ estimates and raised earnings and sales forecasts for a second time this year as demand for farm machinery increased.
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Argentina suspended the issue of import licenses for farm equipment from Brazil, Valor Economico reported, citing an official at the Brazilian automakers association, known as Anfavea.
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On a scorching afternoon in the savanna of eastern Brazil, Wilson Horita is 8 feet above the ground, bouncing on the driver’s seat of the new green-and- yellow tractor parked on his family’s farm.
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Deere & Co. , the world’s largest farm-equipment maker, reported a 47 percent jump in fiscal third-quarter earnings, while tempering investor expectations for the fourth quarter amid weakening demand in Western Europe.
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