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Materials and Metals Chemicals

  • 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...

  • 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'...

  • *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 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.

  • *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.

  • *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..