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Materials and Metals Chemicals

  • PHILADELPHIA _ Chemtura Corp. on Wednesday reported fourth-quarter profit of $22 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Chemtura shares have dropped slightly since the beginning of the year.

  • BERWYN, Pa. _ Trinseo SA on Wednesday reported fourth-quarter profit of $78.5 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.32 per share. For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.19 to $2.37.

  • Dupont and Dow Chemical

    EU antitrust regulators are set to clear the $130 billion merger of Dow Chemical and DuPont.

  • LEVERKUSEN, Germany, Feb 22- German drugs and pesticides maker Bayer forecast a year without earnings growth for its agricultural products business on Wednesday, as it seeks to complete its $66 billion deal to take over U.S. seeds giant Monsanto. The shares were down 1.8 percent at 106.95 euros at 1319 GMT, reversing gains made over the last three trading sessions...

  • NORTHFIELD, Ill. _ Stepan Co. on Wednesday reported fourth-quarter profit of $8.4 million. On a per-share basis, the Northfield, Illinois- based company said it had net income of 36 cents. Stepan Co. shares have decreased 3 percent since the beginning of the year.

  • SAO PAULO, Feb 22- Brazil's Braskem SA is trimming investments this year as it winds down spending on a new plant in Mexico and cuts back strategic new projects after a bribery settlement hammered earnings last year, according to a Wednesday securities filing. Latin America's largest petrochemical company plans to invest 1.814 billion reais in 2017, down from...

  • DOWNERS GROVE, Ill. _ Univar Inc. on Wednesday reported a loss of $59.2 million in its fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share. Univar shares have increased slightly more than 4 percent since the beginning of the year.

  • Feb 21- Chemical maker Tronox Ltd announced plans on Tuesday to buy the titanium dioxide business of Cristal, a subsidiary of Saudi Arabia's Tasnee, for $1.67 billion cash and new shares. The deal will help Cristal pay its outstanding bank debt of $1.673 billion in Saudi Arabia, Tronox said in a statement. Those banks include The Saudi British Bank, an affiliate of...

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, with a $1.67 billion deal. Shares of the company were up 4 percent in premarket trading on Tuesday. Credit Suisse was Tronox's financial adviser, while Kirkland& Ellis LLP and Willkie Farr& Gallagher LLP were its legal advisers.

  • Feb 21- Chemical maker Tronox Ltd said it would expand a business that makes titanium dioxide, a whitening pigment used in paints, paper and plastics with a $1.67 billion deal. Tronox is buying the titanium dioxide unit of privately held chemical and mining company Cristal. Cristal will hold a 24 percent stake in the new Tronox, which will include the expanded...

  • Rating trends in the global chemicals industry are set to remain mostly stable in 2017, according to a S&P report. Paul Watters, head of corporate research at S&P Global, explains.

  • The agreement was signed on Thursday by top prosecutors from Brasil, Argentina, Chile, Colombia, Ecuador, Mexico, Peru, the Dominican Republic, Venezuela, Panama and one European country, Portugal. Odebrecht said it paid $439 million outside Brazil, with the largest bribe admissions abroad in Venezuela, the Dominican Republic and Panama. Brazilian prosecutors...

  • SEOUL/ SINGAPORE, Feb 17- A shift in the use of liquefied petroleum gas to petrochemicals and away from transport has pushed demand for the fuel to new records in South Korea, after years of slumping consumption, a change which mostly benefits U.S. suppliers. South Korea mainly used LPG to power cars up to 2010, but sales started to spiral down as drivers of...

  • *India, China are world's biggest potash importers. Although global prices have been falling, a reduction in government support in India would make potash relatively expensive for the companies that import it. India's fertiliser ministry has proposed fixing the potash subsidy at 7,669 rupees a tonne for the 2017-18 fiscal year beginning in April, down from...

  • LONDON, Feb 15- The Bank of England said on Wednesday it would keep using trace amounts of animal fat to make new plastic banknotes, as it would cost about 80 million pounds to switch back to paper and resolve vegetarians' and religious groups' concerns. More than 130,000 people signed an online petition last year calling on the BoE to stop using animal products in...

  • Weakening of marine and protective oil and gas segments: AkzoNobel CEO

    AkzoNobel CEO Ton Büchner discusses his company's fourth-quarter earnings as well as developments in its regional markets.

  • CARACAS, Feb 14- Venezuelan authorities raided the Caracas offices of Odebrecht on Tuesday, as prosecutors deepened a probe into the Brazilian construction firm that has admitted paying some $98 million in bribes to obtain government contracts in Venezuela. According to the plea bargain agreement, Odebrecht and representatives paid some $98 million in...

  • ENGLEWOOD, Colo. _ Innospec Inc. on Tuesday reported fourth-quarter earnings of $22.1 million. The Englewood, Colorado- based company said it had net income of 90 cents per share. Innospec shares have climbed slightly more than 2 percent since the beginning of the year.

  • SINGAPORE/ HONG KONG, Feb 13- China's state-owned Sinochem is in early talks with Noble Group to buy an equity stake in the embattled trader, three sources familiar with the matter said, in a move that would help it gain access to the commodity trader's global supply chain. Taking a stake in an internationally active trading house like Noble would help Sinochem, a...

  • Net earnings attributable to Mosaic fell to $12 million, or 3 cents per share, in the three months ended Dec. 31, from $155 million, or 44 cents per share, a year earlier. On a per share basis, the company recorded a charge of 23 cents, compared with 16 cents a year earlier. Plymouth, Minnesota- based Mosaic's net sales fell to $1.86 billion, but was slightly above analysts'...