Livestock Improvement Corp has granted an extension to Agria on the Chinese company’s $10 million loan it used to help it take control of PGG Wrightson. “To give Agria time to source additional funds to enable repayment, the payment date for these amounts has been extended,” LIC said in a statement. “The effect of that extension is that an amount …

US Ambassador Mike Moore posted on Twitter that Washington DC is now taking a battering. “The trees in Washington don’t like the wind … and it’s about Wellington windy right now,” he tweeted. The New Zealand Embassy in Washington has been closed and the country’s consulate in New York is also shut. The Ministry of Foreign Affairs and Trade says …

GLOBAL MARKETS: Our London colleagues report that it was all about Hurricane Sandy overnight  with the closure of many markets, including the bond market. With trading on US Treasuries closed and further bad headlines and data out of Europe , German bunds were very well supported, as were Australasian bonds. There is still no official opening time for the CME …