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Materials and Metals Chemicals

  • AMSTERDAM, July 19- The chief executive of Akzo Nobel, Ton Buechner, has stepped down for health reasons, leaving his successor to deliver the higher sales and margins promised when the Dutch paintmaker fended off a U.S. takeover attempt this year. Chemicals division chief Thierry Vanlancker, 52, who joined in 2016, replaces Buechner, who repelled a 26.3 billion...

  • AMSTERDAM, July 19- The chief executive of Akzo Nobel, Ton Buechner, has stepped down for health reasons, leaving his successor to deliver the higher sales and margins promised when the Dutch paintmaker fended off a U.S. takeover attempt this year. Chemicals division chief Thierry Vanlancker, 52, who joined in 2016, replaces Buechner, who repelled a 26.3 billion...

  • AMSTERDAM, July 19- The chief executive of Dutch paintmaker Akzo Nobel, Ton Buechner, has stepped down for health reasons two months after fending off a takeover bid, and will be replaced by chemicals division chief Thierry Vanlancker, the firm said. Buechner, 52, had repelled a 26.3 billion euro takeover attempt by U.S. rival PPG Industries, alienating a chunk of...

  • AMSTERDAM, July 19- The chief executive of Dutch paintmaker Akzo Nobel, Ton Buechner, has stepped down for health reasons two months after fending off a takeover bid, and will be replaced by chemicals division chief Thierry Vanlancker, the firm said. Buechner, 52, had repelled a 26.3 billion euro takeover attempt by U.S. rival PPG Industries, alienating a chunk of...

  • AMSTERDAM, July 19- The chief executive of Dutch paintmaker Akzo Nobel, Ton Buechner, has stepped down for health reasons two months after fending off a takeover bid, and will be replaced by chemicals division chief Thierry Vanlancker, the firm said. Buechner, 52, had repelled a 26.3 billion euro takeover attempt by U.S. rival PPG Industries, alienating a chunk of...

  • AMSTERDAM, July 19- The chief executive of Dutch paintmaker Akzo Nobel, Ton Buechner, has stepped down for health reasons two months after fending off a takeover bid, and will be replaced by chemicals division chief Thierry Vanlancker, the firm said. Buechner, 52, had repelled a 26.3 billion euro takeover attempt by U.S. rival PPG Industries, alienating a chunk of...

  • SAO PAULO, July 18- Brazil's Petroleo Brasileiro SA began discussions with construction company Odebrecht SA to revise the shareholder accord in petrochemical company Braskem SA, the oil company said on Tuesday. In securities filings, Petrobras, as the oil company is known, and Braskem said the revision aims to improve the relationship between partners.

  • WINCHESTER, England, July 18- The Bank of England unveiled its first plastic 10 pound note on Tuesday, which features 19th century novelist Jane Austen and will be available to the public from Sept. 14. She was buried in Winchester Cathedral in 1817, and completed many of her best-known works such as "Pride and Prejudice" and "Emma" in the village of Chawton, 15 miles...

  • LITTLE ROCK, Ark.— A longtime Arkansas soybean farmer, Mike Wallace thought of his neighbors as a community and always was willing to lend a hand if they faced any hardships with their crops. Concern about the herbicide drifting onto unprotected crops, especially soybeans, has spawned lawsuits and prompted Arkansas and Missouri to impose temporary bans on...

  • BRUSSELS, July 17- The European Union will only extend its approval for the herbicide glyphosate if there is sufficient support from the bloc's 28 member states, European Health and Food Safety Commissioner Vytenis Andriukaitis said on Monday. The European Commission decided to propose extending approval for glyphosate by 10 years after the European...

  • BRUSSELS, July 17- The European Union will only extend its approval for the herbicide glyphosate if there is sufficient support from the bloc's 28 member states, European Health and Food Safety Commissioner Vytenis Andriukaitis said on Monday. The European Commission decided to propose extending approval for glyphosate by 10 years after the European...

  • SINGAPORE, July 14- Taiwan's Formosa Petrochemical Corp this week bought about 60,000 tonnes of naphtha using a pricing formula uncommon in the region, two people familiar with the matter said on Friday. Formosa, Asia's top naphtha importer, paid a discount of about $5 a tonne to a formula based 50-50 on prices from S&P Global Platts and Oil Price Information...

  • CHICAGO, July 13- Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto Co, becoming the fourth state to take action as problems spread over damage the weed killer causes to crops not genetically modified to withstand it. Arkansas banned its use last week and Missouri, which initially halted dicamba spraying, has...

  • CHICAGO, July 13- Tennessee on Thursday imposed restrictions on the use of dicamba, a flagship pesticide for Monsanto Co, becoming the fourth state to take action as problems spread over damage the weed killer causes to crops not genetically modified to withstand it. Arkansas banned its use last week and Missouri, which initially halted dicamba spraying, has...

  • FRANKFURT, July 13- A new mosquito net made by German chemicals company BASF has been given an interim recommendation by the World Health Organization, containing a new class of insecticide that the company hopes will aid the fight against malaria. A WHO spokesman said the Geneva- based organisation's interim recommendation meant it still had to evaluate the...

  • Rig hands thread together drilling pipe at a hydraulic fracturing site on the Marcellus shale rock formation in Pennsylvania.

    States like Pennsylvania and Ohio aim to leverage their natural gas production to attract investment in the petrochemicals industry.

  • CHICAGO, July 11- American technology. In Texas, Microsoft is testing a smart trap to isolate and capture Aedes aegypti mosquitoes, known Zika carriers, for study by entomologists to give them a jump on predicting outbreaks. The Zika epidemic that emerged in Brazil in 2015 and left thousands of babies suffering from birth defects has added urgency to the effort.

  • TORONTO, July 10- Canada's main stock index rose on Monday, reversing early losses as key sectors including materials and energy rebounded. Fertilizer producer Potash Corp was the most influential gainer, rising 3.9 percent to C $21.86, while Agrium Inc, which is set to merge with Potash later this year, advanced 3.9 percent to C $121.6. At 10:49 a.m. ET, the Toronto...

  • July 7- Missouri joined Arkansas on Friday in banning the use and sale of the weed killer dicamba after a rise in complaints that the agricultural chemical is drifting into neighboring fields and damaging crops, the states agriculture departments said on Friday. "Based on feedback and research, the Department of Agriculture is going to hit the pause button on...

  • Why Eloitt's strategy with AkzoNobel is positive

    Chris Bailey, European strategist at Raymond James, and Neil Dwane, global strategist at Allianz Global Investors, discuss the relationship between Elliott and AkzoNobel.