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Materials and Metals Chemicals

  • *European Food Safety Authority feels backlash over glyphosate. *EFSA chief says dispute in Europe is politically motivated. An international dispute over glyphosate's possible risks to human health has prompted investigations by congressional committees in the United States, and in Europe has forced a delay to a re-licensing decision for Roundup.

  • WASHINGTON— Dow Chemical is pushing a Trump administration that's open to scrapping regulations to ignore the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species. Dow Chemical wrote a $1 million check to help underwrite Trump's inaugural festivities, and its...

  • WASHINGTON— Dow Chemical is pushing the Trump administration to scrap the findings of federal scientists who point to a family of widely used pesticides as harmful to about 1,800 critically threatened or endangered species. The letters, dated April 13, were obtained by The Associated Press. Dow Chemical chairman and CEO Andrew Liveris is a close adviser to...

  • THE HAGUE, Netherlands— Industrial paints and chemicals company AkzoNobel said Wednesday it plans to spin off its Specialty Chemicals unit within 12 months to boost growth and reward its shareholders. In a move aimed at keeping shareholders happy and loyal, AkzoNobel said it will boost its dividend by 50 percent and return the "vast majority of net proceeds"...

  • District Judge Raymond Dearie said at a hearing in Brooklyn federal court that about $93 million will go to the United States, $2.39 billion to Brazil and $116 million to Switzerland. Monday's order comes as Odebrecht tries to negotiate plea deals with other countries, including Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela,...

  • NEW YORK, April 17- A U.S. judge on Monday sentenced Brazilian engineering company Odebrecht SA to pay $2.6 billion in fines in a massive criminal corruption case, signing off on a plea deal between the company and U.S., Brazilian and Swiss authorities. District Judge Raymond Dearie said at a hearing in Brooklyn federal court that about $93 million will go to the...

  • *To use deal proceeds to pay off $850 mln of debt. April 17- Williams Partners LP said on Monday it would sell its stake in a unit that owns 88.46 percent of an olefins plant in Louisiana to Nova Chemicals for $2.1 billion in cash, as part of the pipeline operator's efforts to focus on natural gas. Williams Partners, which put the Geismar, Louisiana plant on the block in...

  • BEIJING, April 13- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was put out at 2:20 pm local time and had not affected production. Sinopec said in a statement the fire started at 9:55 on Thursday in a warehouse for synthetic rubber in the facility operated by...

  • LONDON, April 13- Results of a new animal study into possible health risks of the weedkiller glyphosate will be published in time to inform a key EU re-licensing vote due by the end of 2017, according to the researcher leading the trial. A row over possible effects of glyphosate- an ingredient in Monsanto's big-selling herbicide Roundup- has prompted...

  • BEIJING, April 13- Sinopec Corp said on Thursday that a fire in a warehouse at a petrochemical and refining complex in southern China operated by one of its subsidiaries was under control and had not affected production. Sinopec said in a statement the fire started at 9:55 local time on Thursday in a warehouse for synthetic rubber in the facility operated by...

  • AMSTERDAM, April 12- Rebel shareholders in Dutch paint maker Akzo Nobel want to oust the company chairman after Akzo refused to engage in takeover talks with U.S. rival PPG Industries. Elliott Investors, one of Akzo's largest shareholders, said in a statement it was one of a group of investors that meets the Dutch legal threshold of 10 percent support needed to...

  • PARIS, April 12- French oil and gas company Total said on Wednesday that its South Korean joint venture with Hanwha will invest $450 million in the group's refining and petrochemicals platform to expand capacity in order to meet growing demand from China. The company said the investment will increase the Daesan complex's ethylene capacity by 30 percent to 1.4...

  • *Cheaper LPG curbing demand for naphtha. SINGAPORE, April 10- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter. Four traders said that Taiwan's Formosa Petrochemical Corp, Asia's top naphtha importer,...

  • *Cheaper LPG curbing demand for naphtha. SINGAPORE, April 10- Asian petrochemical makers are ramping up purchases of liquefied petroleum gas to use as an alternative feedstock to naphtha, looking to snap up cheap cargoes as heating demand for LPG fades in the wake of winter. Four traders said that Taiwan's Formosa Petrochemical Corp, Asia's top naphtha importer,...

  • *Investors like synthetic biology's market potential. LONDON, April 6- Scientists are getting closer to building life from scratch and technology pioneers are taking notice, with record sums moving into a field that could deliver novel drugs, materials, chemicals and even perfumes. Matt Ocko, a Silicon Valley venture capitalist whose past investments include...

  • MEXICO CITY, April 5- State-owned oil company Pemex said on Wednesday that Mexican prosecutors have called for testimony from Pemex officials in an investigation of a bribery scandal around Brazil- based builder Odebrecht. Pemex also signed two contracts with Odebrecht for the construction at the Tula refinery in central Mexico. According to the U.S. court...

  • CHICAGO, April 5- U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds. The world's largest seed supplier said sales of corn seeds and traits rose 8 percent, while sales of...

  • April 5- U.S. seeds and agrochemicals company Monsanto Co, which is being bought by Germany's Bayer AG for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds. Monsanto said sales of corn seed and traits rose 8 percent, while sales of soybean seeds and traits jumped 10.2 percent in the...

  • April 5- U.S. seeds and agrochemicals company Monsanto Co, which is being bought by Germany's Bayer for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybean and corn seeds. Monsanto said sales of corn seed and traits rose 8 percent, while sales of soybean seeds and traits jumped 10.2 percent in the...

  • April 5- U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, reported a 28.7 percent rise in quarterly profit, helped by strong demand for soybean and corn seeds. Net profit attributable to Monsanto rose to $1.37 billion, or $3.09 per share, in the second quarter ended Feb. 28, from $1.06...