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May 24, 2022

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Half of Gazprom’s 54 clients opened Gazprombank accounts, says Russia’s Novak

Reuters
A person is pictured through a window above a Gazprombank branch in Moscow July 17, 2014. REUTERS/Sergei Karpukhin/File Photo Register now for FREE unlimited access to Reuters.com Register May 19 (Reuters) – Half of Russian gas giant Gazprom’s (GAZP.MM) 54 clients have opened accounts at Gazprombank, Deputy Prime Minister Alexander......

BASF sticks with earnings forecast despite risks from Russia, China

Reuters
A logo is seen on the facade of the BASF plant and former Ciba production site in Schweizerhalle near Basel July 7, 2009. REUTERS/Christian Hartmann Register now for FREE unlimited access to Reuters.com Register Sees exceptionally high level of uncertainty Cites Russia sanctions, China pandemic response as risks Operating profit......

Mexico’s Alfa Q1 net profit jumps, hikes EBITDA guidance

Reuters
MEXICO CITY, April 25 (Reuters) – Mexican conglomerate Alfa (ALFAA.MX) on Monday posted a first-quarter net profit of 4.3 billion pesos ($217 million), up 38% compared with the same period a year earlier, lifted by high industry margins at its chemicals subsidiary Alpek. Earnings before interest, tax, depreciation and amortization......

German-funded consortium to develop ‘battery passport’ for Europe

Reuters
BERLIN, April 25 (Reuters) – A German-funded consortium of carmakers and battery producers, including BMW (BMWG.DE), Umicore (UMI.BR) and BASF (BASFn.DE), is to develop a “battery passport” that traces the content and carbon footprint of batteries in Europe, Germany’s economy ministry said on Monday. The consortium of 11 partners has......

INEOS offers to develop test shale gas site in Britain

Reuters
A logo is pictured in the headquarters of INEOS chemicals company in Rolle, Switzerland, November 13, 2017. REUTERS/Denis Balibouse Register now for FREE unlimited access to Reuters.com Register LONDON, April 10 (Reuters) – Chemicals and energy giant INEOS has offered to develop a shale gas test site in Britain to......

Russia’s offer to foreign firms: stay, leave or hand over the keys

Reuters
Sweeping Western sanctions create investor minefield Exxon faces a ‘complicated process’ as it exits SocGen warned it might be stripped of Russian assets Toyota halts production, Pirelli’s Russian plants continue Banks count the every changing cost of sanctions MOSCOW, March 4 (Reuters) – Companies around the globe grappled with a......

Companies shut Ukraine operations, assess impact of sanctions on Russia

Reuters
Backers of Nord Stream 2 pipeline from Russia knocked Wizz Air works to evacuate crews Britain’s Lloyds Bank on lookout for cyberattacks Jet engine makers have been ramping up titanium supplies Feb 25 (Reuters) – Brewer Carlsberg (CARLb.CO), Japan Tobacco (2914.T) and a Coca-Cola bottler were among firms shutting factories......

Construction chemicals maker Sika posts highest-ever annual profit

Reuters
The logo of Swiss chemical group Sika is seen on barrels at the company’s headquarters in Zurich, Switzerland October 7, 2021. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register Feb 18 (Reuters) – Sika (SIKA.S) posted a 27.1% jump in full-year net profit on Friday and proposed......

DuPont beats profit estimates on electronics demand, boosts dividend

Reuters
FILE PHOTO : The logo for DuPont de Nemours, Inc. is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Feb 8 (Reuters) – Industrial materials maker......

Standard Lithium shares hit by short seller’s technology allegations

Reuters
Feb 3 (Reuters) – Short seller Hindenburg Research alleged on Thursday that Standard Lithium Inc’s plan to produce lithium for electric vehicle batteries in Arkansas is based on technology that does not work, sending Standard’s shares down 27% and erasing $305.7 million from the company’s market value. Hindenburg, which did......

BASF presses for Wintershall Dea IPO in dispute with co-owner

Reuters
A general view of the German chemical company, BASF Schwarzheide GmbH in Schwarzheide, Germany, December 10, 2019. REUTERS/Annegret Hilse Register now for FREE unlimited access to Reuters.com Register FRANKFURT, Jan 31 (Reuters) – BASF (BASFn.DE) remains committed to a sale of its stake in oil and gas business Wintershall Dea......

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