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Materials and Metals Chemicals

  • TOKYO, Sept 22- Japan's Idemitsu Kosan shut the 414,000 tonnes per year Chiba naphtha cracker on Friday to increase its capacity to process propane, an industry source familiar with the matter said. The shutdown will last about a month, the source added. The company last year announced the upgrade would boost the cracker's capacity to process propane as...

  • Arkansas board votes to bar dicamba use after April 15, 2018. CHICAGO, Sept 21- Arkansas on Thursday moved just one step away from barring sprayings next summer of an herbicide linked to widespread U.S. crop damage, setting the stage for a potential legal showdown between the state and chemical maker Monsanto Co.. In July, Arkansas banned dicamba use for 120 days.

  • PARIS— Angry French farmers are blocking Paris' famed Champs-Elysees in a protest against the government's agricultural policy. The farmers are angry, among other things, about President Emmanuel Macron's government's proposal to ban a controversial pesticide called glyphosate. To appease the demonstration, French Ecology Minister Nicolas Hulot came to...

  • HOUSTON/ SAO PAULO, Sept 21- Brazil's Braskem has terminated a contract to buy light virgin naphtha and natural gasoline from Venezuela's state-run oil company PDVSA that would expire this month, the petrochemical company said on Thursday. The Sao Paulo- based firm declined to comment on the reason for ending the long-term supply agreement early, but said the...

  • CSX Assistant Vice President Maryclare Kenney apologized to customers in the email dated Sept. 8. The Surface Transportation Board, the U.S. rail regulator, is due to host a hearing in Washington, D.C., over CSX's service on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after CSX executives said the railroad had made...

  • Customers will be able to air grievances when the Surface Transportation Board, the top U.S. rail regulator, hosts a hearing over CSX's service in Washington on Oct. 11. The company emailed manufacturers about the Lordstown embargo on Sept. 8, two days after top executives said the railroad had made great strides in fixing service problems that gripped its system...

  • *Calgon Carbon soars on $1.1 bln Kuraray buyout deal. Sept 21- The three major U.S. indexes were trading lower on Thursday, scaling back from their record levels, weighed down by Apple and the Federal Reserve's indication to raise interest rates for third time despite low inflation. Investors were also assessing the likely impact of the Fed's decision to start...

  • *Calgon Carbon soars on $1.1 bln Kuraray buyout deal. Sept 21- U.S. stocks slipped from their all-time highs on Thursday, weighed down by Apple and the hawkish stance of the Federal Reserve, which hinted at raising interest rates for a third time this year despite low inflation. Investors were also absorbing the Fed's decision to start ending monetary stimulus by...

  • *Calgon Carbon soars on $1.1 bln Kuraray buyout deal. The Fed said it would begin to reduce its approximately $4.2 trillion in holdings of U.S. Fed Chair Janet Yellen said the fall in inflation this year remained a mystery, adding that the central bank was ready to change the interest rate outlook if needed.

  • *Qatar up for third straight day. *UAE, Egypt, Kuwait, Bahrain shut for Islamic New Year. DUBAI, Sept 21- An overnight rise in crude oil prices to a fresh five-month peak helped to push the Riyadh stock index slightly higher on Thursday while Qatar secured its third straight day of gains.

  • *Calgon Carbon soars on $1.1 bln Kuraray buyout deal. The Fed, as expected, said it would begin to reduce its approximately $4.2 trillion in holdings of U.S. Fed Chair Janet Yellen said the fall in inflation this year remained a mystery, adding that the central bank was ready to change the interest rate outlook if needed.

  • Sept 21- U.S. stock index futures were little changed on Thursday, a day after the Federal Reserve signaled that it could raise interest rates for the third time this year despite low inflation and disclosed plans to shrink its balance sheet. *The Fed, as expected, said it would begin to reduce its approximately $4.2 trillion in holdings of U.S.

  • LONDON, Sept 20- Hedge funds have trimmed bets on a fall in shares of Clariant, just as activist investor Corvex increases pressure on the Swiss chemicals company to ditch a $20 billion M&A deal with rival Huntsman. Clariant and Huntsman announced their merger in May valued at about $20 billion, but Corvex, run by New York- based Keith Meister, took a stake in Clariant...

  • WASHINGTON— President Donald Trump's nominee to oversee chemical safety at the Environmental Protection Agency has for years accepted payments for criticizing studies that raised concerns about the safety of his clients' products, according to a review of financial records and his published work by The Associated Press. Michael L. Dourson's nomination as...

  • JOHANNESBURG, Sept 20- South Africa's Sasol will write off $900 million of debt used to bring in black investors in a 2008 deal that foundered after a fall in oil prices hit its shares, the petrochemicals maker said on Wednesday. The 28 billion rand deal- at the time the biggest so-called "black economic empowerment" transaction in South Africa, was part of corporate...

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake that makes it the biggest shareholder in the Swiss chemicals maker. In a letter to Clariant's board of directors, White Tale Holdings, a vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40 North,...

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake that makes it the biggest shareholder in the Swiss chemicals maker. In a letter to Clariant's board of directors, White Tale Holdings, a vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40 North,...

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemicals maker, making it the company's biggest shareholder. In a letter to Clariant's board of directors, White Tale Holdings, a vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40...

  • FRANKFURT/ BRUSSELS, Sept 19- German chemicals group BASF has strengthened its nylon business by agreeing to buy the global polyamide business from Belgian rival Solvay for 1.6 billion euros. The acquisition complements BASF's engineering plastics portfolio and enhance its access to key growth markets in Asia and South America, BASF said on Tuesday.

  • ZURICH, Sept 19- The activist investor fighting Clariant's planned $20 billion merger with Huntsman Corp has built a 15.1 percent stake in the Swiss chemical maker, making it the company's biggest shareholder. In a letter to Clariant's board of directors, White Tale Holdings, the vehicle created by investor Keith Meister's Corvex hedge fund and New York's 40...