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Chemicals Fertilizers and Agricultural Chemicals

  • OSLO, May 9- Norwegian fertilizer producer Yara and maritime technology firm Kongsberg Gruppe are teaming up to build what they said would be the world's first fully electric and self-steering container ship. "The new zero-emission vessel will be a game-changer for global maritime transport contributing to meet the United Nations sustainability goals," the...

  • May 8- Pesticide seller FMC Corp will aim for its industry's fastest revenue growth with the help of assets acquired from rival DuPont, even as farm markets struggle to recover, Chief Executive Pierre Brondeau said on Monday. Philadelphia- based FMC will focus on increasing sales of crop chemicals developed internally, and avoid big acquisitions for a few years,...

  • May 8- Farm pesticide seller FMC Corp will aim for mid- to high single-digit annual revenue growth starting in 2018 with help from acquired assets, Chief Executive Pierre Brondeau said on Monday. Philadelphia- based FMC will focus on increasing sales of crop chemicals developed internally, and avoid big acquisitions for the next few years, after it closes a deal...

  • *Liberty produced in Frankfurt and Mobile, Alabama. FRANKFURT, May 8- Bayer has agreed to sell its Liberty herbicide and LibertyLink-branded seeds businesses to win antitrust approval for its acquisition of Monsanto, it said on Monday. The divestment of the two global brands, a requirement imposed by South Africa's Competition Commission on Sunday, will...

  • The Deerfield, Illinois- based company's shares rose about 4 percent to $26.50 in after-hours trading on the New York Stock Exchange. The average selling price for ammonia fell about 18 percent to $307 per ton, while urea's decreased to $248 per ton from $256 a year earlier. Net loss attributable to shareholders was $23 million, or 10 cents per share, compared with a...

  • May 3- U.S. nitrogen fertilizer producer CF Industries Holdings Inc reported a first-quarter loss compared with a profit in the year-ago period, hurt by lower realized prices of ammonia and urea. Net loss attributable to shareholders was $23 million, or 10 cents per share, in the quarter ended March 31, compared with a profit of $26 million, or 11 cents per share, a...

  • *Adj EPS of $0.04 vs est $0.19. Based on Mosaic's volume, price and margin outlook, analysts at BMO Capital Markets expect the company to post second-quarter earnings of 20 cents to 25 cents per share. Analysts on average were expecting 30 cents, according to Thomson Reuters I/B/E/S.

  • The company also said first-quarter earnings were hurt by an outage at its Esterhazy K2 potash mine in Saskatchewan and at an ammonia plant. Mosaic reported a net loss attributable to the company of $900,000, in the first quarter ended March 31, compared with a profit of $256.8 million, a year earlier. Mosaic recorded a $1 million charge in the quarter, compared...

  • Mosaic reported a net loss attributable to the company of $900,000, in the first quarter ended March 31, compared with a profit of $256.8 million, a year earlier. On a per share basis, the company broke even in the latest quarter, compared with a 73 cents profit last year. Mosaic recorded a $1 million charge in the quarter, compared with a $169 million gain, a year earlier.

  • WINNIPEG, Manitoba, May 1- Germany's K+ S AG will crack into the U.S. fertilizer market this spring when it opens the first new western Canadian potash mine in nearly five decades. K+ S, which will open its Legacy mine on Tuesday in Saskatchewan, told Reuters it is still in "planning phase" of a warehouse network with Koch Industries Inc, which will sell K+ S' potash in the...

  • BONN, April 28- Bayer's chief executive acknowledged on Friday that he will face an uphill battle to improve Monsanto's reputation once Bayer completes the takeover of the U.S. seeds and agrochemicals company. "Monsantos image does of course represent a major challenge for us, and its not an aspect I wish to play down," Werner Baumann told shareholders at Bayer's...

  • Shares of the Saskatoon, Saskatchewan- based fertilizer producer rose 1.6 percent in early New York trading, touching a three-week high. Potash said it expected full-year earnings of 45 cents to 65 cents per share, up from its prior forecast of 35 cents to 55 cents. Bernstein analyst Jonas Oxgaard said earnings benefited from a lower tax rate as well as stronger...

  • *Q1 net sales up 23.6 pct to $13.23 bln vs est $13.21 bln. Operating EPS $1.04 vs est $0.99. Sales at Dow's agriculture business slipped 5 percent to $1.6 billion on lower sales of herbicides and insecticides in Asia Pacific and weak demand for corn seeds in North America.

  • The company raised its forecast for full-year profit to 45- 65 cents per share, from the 35- 55 cents it previously forecast. Potash Corp also raised the lower end of its estimate for 2017 potash sales to 8.9 million tonnes from 8.7 million tonnes, keeping the upper end at 9.4 million tonnes. The company's net earnings nearly doubled to $149 million, or 18 cents per...

  • LONDON, April 26- European shares pulled back slightly from 20- month highs on Wednesday as some disappointing corporate results weighed, though shares of French luxury group Kering hit a record high after reporting strong sales. France's CAC 40 was little changed hovering close to the nine-year highs hit earlier this week. French luxury group Kering was the...

  • *Q1 operating profit $1.64 vs est $1.39. *Net sales up 4.6 pct to $7.74 bln, vs est $7.50 bln. Demand was also propelled by late-season seed demand in South America and the planting of the largest combined corn and soybean acres on record in the United States.

  • LONDON, April 13- Results of a new animal study into possible health risks of the weedkiller glyphosate will be published in time to inform a key EU re-licensing vote due by the end of 2017, according to the researcher leading the trial. A row over possible effects of glyphosate- an ingredient in Monsanto's big-selling herbicide Roundup- has prompted...

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