Materials Chemicals

  • BASEL, Switzerland, Oct 16- The new chief executive of Clariant, which has Saudi Basic Industries Corp as its anchor shareholder, said rising tensions surrounding the disappearance of a Saudi Arabian journalist could hit the Swiss speciality chemicals maker and its rivals. "If there is a major trade disruption involving Saudi Arabia, Clariant will be affected...

  • The workers, represented by the National Union of Metal Workers of South Africa, are demanding the same rights as those in the engineering sector represented by the Metal and Engineering Industries Bargaining Council. NUMSA's spokeswoman Phakamile Hlubi-Majola said the union members' grievances included a reduction in the minimum wage from 40 rand to 20...

  • Cramer’s Exec Cut: Finding stability during market uncertainty

    Jim Cramer discusses steady secular trends with Carnival Corporation, Canopy Growth and more.

  • IFF CEO: Local business from Frutarom acquisition will be 'greatest value driver' for IFF

    Jim Cramer sits down with International Flavors & Fragrances Chairman and CEO Andreas Fibig to hear about his company's latest acquisition and rising raw material costs.

  • Jim Cramer on "Mad Money."

    Jim Cramer explains how the cost of tariffs will squeeze retailers' margins.

  • Starbucks

    Jim Cramer breaks down what activist investors could bring to the table at Starbucks, Campbell Soup and PPG Industries.

  • LONDON, Oct 9- Drink companies Coca-Cola, PepsiCo and Nestle were found to be the world's biggest producers of plastic trash, a report by environmental group Greenpeace said on Tuesday. Working with the Break Free From Plastic movement, Greenpeace said it orchestrated 239 plastic clean-ups in 42 countries around the world, which resulted in the audit of 187,000...

  • Sen. Lindsey Graham (R-SC) speaks to members of the media in the basement of the U.S. Capitol prior to a Senate Republican Policy Luncheon January 17, 2018 in Washington, DC.

    Senator Lindsey Graham urged the administration to exclude imports used by companies from his state of South Carolina from a list of products subject to tariffs, The New York Times reports. 

  • *China, India and emerging economies to drive demand- IEA. LONDON, Oct 5- Plastics and other petrochemical products will drive global oil demand to 2050, offsetting slower consumption of motor fuel, the International Energy Agency said on Friday. Despite government efforts to cut pollution and carbon emissions from oil and gas, the Paris- based agency said it...

  • PARIS, Sept 25- French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year, the company said. Total said it aimed to become a major player in the U.S. polyethylene market when it announced the joint venture in March 2017 with...

  • PARIS, Sept 25- French oil and gas major Total has made a final investment decision to expand its Texas Bayport Polymers joint venture to double polyethylene production capacity to around 1.1 million tonnes a year, the company said. Total said it aimed to become a major player in the U.S. polyethylene market when it announced the joint venture in March 2017 with...

  • Bottles of Roundup weed killer move along the production line at the herbicide manufacturing facility operated by Monsanto.

    Bayer unit Monsanto asked a California judge to throw out a $289 million jury verdict awarded to a man who alleged the company's glyphosate-based weed-killers, including Roundup, gave him cancer.

  • GARABOGAZ, Turkmenistan, Sept 17- Turkmenistan launched a $1.5 billion nitrogen fertilizer plant on its Caspian coast on Monday, seeking to diversify exports dominated by natural gas. The plant, built by Japan's Mitsubishi Corp and Turkey's Gap Insaat in collaboration with Mitsubishi Heavy Industries, will produce 1.1 million tonnes of urea annually using...

  • *Pakistan's biggest conglomerate sitting on $500 million cash pile. KARACHI, Pakistan, Sept 14- Pakistan's chemicals-to-energy conglomerate Engro Corp has seen its fortunes rise on the back of massive Chinese investment, but plans to shape its future growth around the country's vast population and expanding middle class, its chief executive said.

  • *India's BPCL chairman has said his company has imported 3.08 million tonnes of Iran oil in April-Sept. *India's BPCL exec says full crude oil production from Brazil project seen from 2022. *India's BPCL sees mechanical completion of Kochi petrochemical plant by March 2019.

  • DUBAI, Sept 10- Saudi Arabia's sovereign wealth fund has chosen Goldman Sachs, Bank of America Merrill Lynch and Michael Klein as advisers on its planned sale of a stake in petrochemicals firm SABIC to Saudi Aramco, sources familiar with the process said. Michael Klein, whose firm is also known as M. Klein& Company, did not immediately respond to a request for comment.

  • *SABIC wins nod to buy quarter of Clariant. ZURICH, Sept 10- Saudi Basic Industries Corp won regulatory approvals on Monday to buy a quarter of Swiss chemicals maker Clariant, cementing a partnership they hope will drive profit. However, gaining a regulatory nod from countries including Mexico and Brazil has pushed back closure of SABIC's stock purchase by nine...

  • BEIJING, Sept 10- China, the world's top chemicals consumer, is building and planning a total of 13 ethylene complexes between now and 2023, in the biggest wave of petrochemical expansions in its history. China is allowing greater access by global majors and local independents to its massive chemicals market to feed plastics, coatings and adhesives to the...

  • Qatirji and his company also facilitated a fuel-procurement network that operates in Syria, Lebanon and the United Arab Emirates to secure deliveries to Syria, the statement said. The Syria- based Qatirji Company has also shipped weapons to Syria from Iraq, the statement said. It said Abar Petroleum Service SAL, one of the entities involved in the multi-state...

  • *Exxon has refinery, petchem plant joint venture in China. *China is world's largest chemical market. BEIJING, Sept 6- ExxonMobil Corp said on Thursday it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas terminal in China, the latest major foreign investment in the world's top chemicals market.