Materials and Metals Chemicals

  • LONDON, Aug 22- European markets bounced back on Monday, recovering from a sharp fall over the previous week as Swiss chemical company Syngenta jumped after a bid for it by ChemChina was cleared by a U.S. watchdog. Syngenta was up 11.9 percent, the top STOXX Europe 600 riser after U.S. regulator CFIUS cleared ChemChina's $43 billion takeover, removing significant...

  • LONDON, Aug 22- Swiss shares outperformed a flat European stock market on Monday, boosted by a jump in Swiss chemical company Syngenta after a bid by ChemChina to buy the firm was cleared by a U.S. watchdog. The stock contributed 32 points to Switzerland's SMI index, and single-handedly accounted for its gains. The STOXX 600 was down 0.1 percent, extending losses...

  • HOUSTON, Aug 18- Exxon Mobil and Georgia Tech researchers published findings of a breakthrough in the journal Science on Thursday, saying they had devised a way to slash carbon emissions from chemicals manufacturing by using reverse osmosis instead of heat to separate molecules. Reverse osmosis, which has been widely used for decades in desalination plants...

  • TOKYO, Aug 17- Hitachi Ltd and buyout firms Carlyle Group and Permira are among suitors to buy Takeda Pharmaceutical Co's chemicals unit, people with knowledge of the matter said, in a deal that could total around $1 billion. Takeda Pharmaceutical, Japan's largest drugmaker by market value, has put its 70 percent stake in unlisted Wako Pure Chemicals Industries...

  • Antitrust experts said the companies, which announced they were in early-stage talks on Tuesday, would likely have to agree to divestitures to create the world's largest industrial gas company with a market value of more than $60 billion. Antitrust enforcers will want to look at submarkets, "said Seth Bloom, formerly of the U.S. Department of Justice's...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ MUNICH, Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG said on Tuesday they were in early-stage talks about a merger to create a market leader with a value of more than $60 billion, sending their shares higher. Linde has a strong position in healthcare in North America,...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ MUNICH, Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG are in early-stage talks about a merger to create a market leader with a value of more than $60 billion, Linde said on Tuesday, sending shares in both companies higher. Linde has a strong position in healthcare in North...

  • *Deal would create No.1 player with value above $60 billion. NEW YORK/ FRANKFURT Aug 16- U.S. industrial gas supplier Praxair Inc and German peer Linde AG have held initial talks about a merger to create a market leader with a value of more than $60 billion, people familiar with the matter said, sending shares in Linde more than 7 percent higher. Details of the talks,...

  • *Deal would create No.1 player with value above $60 billion. Aug 16- U.S. industrial gas supplier Praxair Inc is in early-stage talks to acquire German peer Linde AG and create a market leader with a value of more than $60 billion, a person familiar with the matter said, sending shares in Linde higher. Shares in Linde jumped 5 percent to an eight-month high at 146.30...

  • Aug 15- Industrial gas supplier Praxair Inc is in early talks to merge with Germany's Linde AG, according to a person familiar with the matter. Analysts at that time pointed out that the deal would help Air Liquide overtake rivals including Linde AG, Air Products and Praxair to top spot in North America and speed diversification away from slow-growth Europe.

  • Dow Dupont

    The European Commission said the deal, which would create the world's largest integrated crop protection and seeds company, may hurt competition.

  • JERUSALEM, Aug 10- Israel Chemicals, one of the three major suppliers of potash to China, India and Europe, reported a better than expected second-quarter profit on Wednesday and predicted further gains from its specialty products units. Israel's biggest chemicals producer earned 10 cents per diluted share, excluding one-off items, down from 13 cents per...

  • MUMBAI, Aug 10- India's Tata Chemicals, the Tata group's flagship chemical and fertilisers company, is selling its urea business to Norway's Yara International to focus on other fertilisers and consumer products like pulses and spices. We are trying to scale the consumer business and that is the company's broad strategy, "Tata Chemicals' Managing Director...

  • *SECCO is BP's single largest investment in China. FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in Chinese petrochemicals joint venture SECCO, its largest investment in China, in a deal sources said could fetch $2- $3 billion. A successful deal would mark BP's first significant exit from a business in China.

  • FRANKFURT/ HONG KONG, Aug 9- British oil major BP is seeking buyers for its 50 percent stake in a Chinese petrochemicals joint venture, its single largest investment in China, in a deal that would fetch $2- $3 billion, people familiar with the matter told Reuters. A successful deal would mark BP's first significant exit from a business in China. Situated in Caojing...

  • Illinois- based CF Industries' second-quarter profit fell 87 percent, more than expected, and the company warned after markets closed on Wednesday that prices would remain weak into next year. The world's third-biggest nitrogen fertilizer producer is finishing expansions of ammonia and urea plants in Louisiana and Iowa this year, giving it capacity of 18.9...

  • Aug 3- Two of North America's biggest fertilizer companies reported large drops in quarterly profit on Wednesday, and warned of tough times ahead as abundant supplies weighed on prices. Nitrogen prices have been pressured by China's growing exports of urea and new capacity coming on stream in North America. Net earnings for CF's second quarter fell to $47...

  • Nitrogen prices have been pressured by China's growing exports of urea, and new capacity coming on stream in North America. Net earnings for the second quarter fell to $47 million, or 20 cents per share, from $352 million, or $1.49 per share, a year earlier. The Deerfield, Illinois- based company's shares dipped 3 percent after normal trading hours on the New York...

  • Aug 2- Miners that produce a diverse commodity mix may be willing to part with fertilizer assets, creating buying opportunities for producers of potash and phosphate, Mosaic Co Chief Executive Joc O'Rourke said on Tuesday. Profits of fertilizer producers have tumbled because of falling prices, weak currencies in importing countries such as Brazil and...

  • *Q2 adj earnings/shr $0.06 vs est $0.12. "While the environment is challenging, we see signs of stabilization in the second half of the year, with fertilizer prices bottoming and solid demand for our products," Chief Executive Joc O'Rourke said. Profits at fertilizer producers have tumbled due to falling prices, triggered in part by weak currencies in importing...