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Materials and Metals Chemicals

  • *Dubai climbs as Emaar Properties jumps on insurance claim. DUBAI, Feb 6- Most stock markets in the Gulf moved little on Monday but United Arab Emirates bourses outperformed with mid-to-large sized companies boosting Dubai, while Egypt's index slipped in thin volume. Dubai's main index added 1.2 percent as Emaar Properties gained 2.7 percent after saying it...

  • *Includes Dow Chemical's EAA business in U.S., Spain. SEOUL, Feb 2- South Korea's SK Innovation said on Thursday it will acquire Dow Chemical Co's ethylene acrylic acid business for $370 million, a move that will expand its range of high value-added chemical products. The acquisition, made through its unit SK Global Chemical Co Ltd, will include Dow Chemical's EAA...

  • BRASILIA, Jan 31- Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday a judge had ordered the suspension of the sale of petrochemical companies Suape and Citepe. Petrobras, as the company is commonly known, said in a securities filing it was taking all judicial measures to protect the interests of its shareholders. The company announced the...

  • SAO PAULO, Jan 27- Brazilian petrochemical company Braskem SA agreed to buy a controlling stake in environmental services company Cetrel SA for 610 million reais from Odebrecht Utilities SA, Braskem said on Friday in a securities filing. Odebrecht Utilities is an arm of Brazilian engineering group Odebrecht SA, which is ensnared in the country's...

  • *Prices crashed after China abolished seasonal duty in 2015. *Expands trading in Europe, Latin America. LONDON, Jan 27- The global fertilizers market is set to rebalance as China reduces exports after flooding the market in the past few years, said the head of Phosagro, the Russian fertilizer giant.

  • *Prices crashed after China abolished seasonal duty in 2015. *Expands trading in Europe, Latin America. LONDON, Jan 27- The global fertilisers market is set to rebalance as China reduces exports after flooding the market in the past few years, said the head of Phosagro, the Russian fertiliser giant.

  • *China has bought corn for years to boost incomes, food security. BEIJING, Jan. 27- China's plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biodegradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China's corn belt. After buying corn for years to support...

  • *China has bought corn for years to boost incomes, food security. BEIJING, Jan. 27- China's plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biogradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China's corn belt. After buying corn for years to support...

  • Canada's Potash Corp of Saskatchewan Inc, the biggest fertilizer producer, forecast a much less profitable year on Thursday than analysts expected, and reported a surprisingly big drop in quarterly profit. Oversupplied conditions may improve between 2020 and 2022, said Agrium Chief Executive Chuck Magro at a British Columbia investor conference on...

  • Braskem had agreed to the penalty when it pleaded guilty on Dec. 21 to a conspiracy charge over a scheme that also involved Brazil's Odebrecht SA, Latin America's largest construction company. District Judge Raymond Dearie in Brooklyn, a spokesman for U.S. Attorney Robert Capers in Brooklyn said.

  • *Sees Q1 rev $12.25 bln- $13.25 bln, vs est $11.77 bln. The seeds and chemical maker said improving growth in the United States, Latin American and Europe, besides steady Asia growth, would boost demand in its packaging, consumer care, electronics, automotive and agriculture businesses. "We are seeing early signs of positive economic momentum, with the United States...

  • Oversupplied conditions may improve between 2020 and 2022, said Agrium Chief Executive Officer Chuck Magro, speaking at an investor conference in British Columbia on Wednesday. Agrium Inc and Potash Corp plan to merge by mid-2017 to cut costs and better compete. Germany's K+ S AG will ramp up production at its new Western Canada mine this year, while EuroChem...

  • Jan 26- Canada's Potash Corp of Saskatchewan Inc forecast a less profitable year on Thursday than analysts expect, and reported a surprisingly big drop in quarterly profit as a deep slump continued in the oversupplied fertilizer sector. Potash Corp said it expected earnings of 35 cents to 55 cents per share in 2017, including costs related to its pending...

  • Potash Corp and rival Agrium Inc announced in September a plan to merge, combining Potash Corp's fertilizer capacity, the world's largest, and Agrium's farm retail network, North America's biggest. Agrium's chief executive said on Wednesday that the merger had received regulatory approval from Russia and Brazil but was awaiting approval from the United...

  • FRANKFURT, Jan 25- Buyout group SK Capital has put Swiss chemicals company Archroma up for sale in a move that could potentially fetch 1.5 billion Swiss francs, people close to the matter said. The investor has asked Evercore and HSBC to find a buyer for a minority or majority stake in the company which it acquired from Switzerland's Clariant in 2013..

  • Stocks to Watch: January 24, 2017

    DuPont, Verizon, and Yahoo stocks are making headlines this Tuesday morning on Wall Street.

  • The world's No. 1 retailer Wal-Mart Stores Inc said last week it would create about 10,000 jobs in the United States this year, as President Donald Trump puts pressure on companies to hire more U.S. workers. Companies such as General Motors Co and Amazon.com Inc have also announced plans to add jobs in the United States. German drug and chemical maker Bayer AG, which...

  • DAVOS, Switzerland, Jan 19- Asset management giant BlackRock and chemical major Dow Chemical praised Saudi Arabia on Thursday as the kingdom said it was pressing ahead with reforms and investments beyond oil. It is as good as anywhere we invest, including the United States, "Dow Chemical Chief Executive Andrew Liveris told a panel devoted to Saudi Arabia at the...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...

  • Jan 19- The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday:. **U.S. buyout firm Bain Capital has joined Key Safety Systems in the U.S. auto parts supplier's bid to rescue Takata Corp, a source said, as the Japanese firm struggles for survival after a massive recall linked to its faulty air bags. **Lotte Chemical Corp is looking...