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BASF Receives Subsidy For Battery Recycling Plant In Schwarzheide

BRIEF-BASF Receives Subsidy For Battery Recycling Plant In Schwarzheide July 16 (Reuters) - BASF SE BASFn.DE : RECEIVES SUBSIDY FOR BATTERY RECYCLING PLANT IN SCHWARZHEIDE 4.95 MILLION EUROS FROM BRANDENBURG Further company coverage: [BASFn.DE] (Gdansk Newsroom)
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India's Styrenix hits record high on surge in Q1 profit

BUZZ-India's Styrenix hits record high on surge in Q1 profit ** Shares of Styrenix Performance Materials STYE.NS rise as much as 15.4% to record high of 2731.20 rupees ** The plastic resin producer posts ~89% jump in Q1 profit, while rev from ops rose ~29% ** STYE on track for fourth straight session of gains ** Stock last up 12%, extending YTD gai
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Unilever July 15 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO.HE : The Finnis
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Nearly a million homes, businesses in Texas still without power after Hurricane Beryl

UPDATE 2-Nearly a million homes, businesses in Texas still without power after Hurricane Beryl Updates power outage estimates in paragraph 1, 2, 3, adds comment from Entergy in paragraph 4, CenterPoint in paragraph 10, adds comment in paragraph 13, Dow's response in paragraph 17, port Freeport update in paragraph 22 By Arathy Somasekhar HOUSTON, July 12 (Reuters) - Nearly a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall with
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Nearly a million in Texas still without power after Hurricane Beryl

Nearly a million in Texas still without power after Hurricane Beryl By Arathy Somasekhar HOUSTON, July 12 (Reuters) - About a million homes and businesses in Texas remained without power on Friday, five days after Hurricane Beryl made landfall, with fierce winds and rain that knocked down trees and electricity infrastructure. CenterPoint Energy CNP. , the largest power provider in Texas, said about 870,000 of its customers remained affected.
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About 1 million in Texas without power, Freeport LNG to restart after Beryl

UPDATE 3-About 1 million in Texas without power, Freeport LNG to restart after Beryl Updates power outage figures in paragraph 1-2, adds Formosa comment in paragraph 12, quote and details in paragraphs 19-25 By Arathy Somasekhar, Curtis Williams and Georgina McCartney HOUSTON/FREEPORT, July 11 (Reuters) - About 1 million homes and businesses in Texas remained without power on Thursday, four days after Hurricane Beryl lashed the state with fierce winds and flooding, sparking frustration among com
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BASF reviews battery chemical investment push amid EV dip

BASF reviews battery chemical investment push amid EV dip FRANKFURT, July 11 (Reuters) - German chemicals giant BASF BASFn.DE said it would review a major investment push to build a global manufacturing network for battery materials amid a downturn in the electric-vehicles segment, according to a news report. "Future investments will be subject to a critical review and a new assessment," a company spokesperson was quoted as saying by weekly magazine WirtschaftsWoche on Thursday.
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BASF to cease production of glufosinate-ammonium weed killer

UPDATE 2-BASF to cease production of glufosinate-ammonium weed killer Recasts first paragraph to add that BASF said it will cease production of the weed killer BERLIN, July 10 (Reuters) - BASF BASFn.DE plans to shut down production of the glufosinate-ammonium weed killer due to growing competition as well as high energy and raw materials costs, the German chemicals group said on Wednesday.
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European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds details on fresh job cuts July 9 (Reuters) - Elevated levels of inflation and the impact of the war in Ukraine have forced companies across Europe to freeze hiring or cut jobs. Here are some layoffs announced since the start of April: BANKS * TSB: The British bank owned by Spain's Sabadell SABE.MC is seeking 250 job cuts and 36 branch closures, its spokesperson and employee union said on May 8. INDUSTRIALS AND ENGINEERING * METSO METSO
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VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call

BRIEF-VCI Steilemann: Foreign Investments In German Chemical Industry Are Welcomed - Conf Call July 8 (Reuters) - VCI: VCI PRESIDENT STEILEMANN: FOREIGN INVESTMENTS IN GERMAN CHEMICAL INDUSTRY ARE VERY WELCOMED - CONFERENCE CALL Further company coverage: 1COV.DE (Gdansk Newsroom)
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Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook

Germany's VCI says chemical industry's half-year sales fall 1%, confirms outlook July 8 (Reuters) - Germany's chemical industry recorded sales of 112 billion euros ($121 billion) in the first half of 2024, down 1% from 114 billion euros last year, as the mood in the industry remains cautious, industry lobby VCI said on Monday. The chemicals sector, Germany's third-largest industry that employs roughly half a million workers, continues to struggle as customers are reluctant to place new orders am
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch July 5 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. BNP Paribas BNPP.PA : HSBC is attracting initial interest from peers including BNP Paribas and UBS Group for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.
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Engie, BASF Sign 7-year Biomethane Purchase Agreement In Europe

BRIEF-Engie, BASF Sign 7-year Biomethane Purchase Agreement In Europe July 4 (Reuters) - Engie SA ENGIE.PA : BASF AND ENGIE SIGN LONG TERM BIOMETHANE PURCHASE AGREEMENT IN EUROPE UNDER THE BPA, ENGIE WILL SUPPLY BASF WITH 2.7 TO 3.0 TERAWATT HOURS OF BIOMETHANE THROUGHOUT THE TERM OF THE AGREEMENT AGREEMENT WILL LAST 7 YEARS Source for text: https:
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BASF To Supply Renewable Energy Certificates To Graphit Kropfmuehl

BRIEF-BASF To Supply Renewable Energy Certificates To Graphit Kropfmuehl July 3 (Reuters) - BASF SE BASFn.DE : TO SUPPLY RENEWABLE ENERGY CERTIFICATES TO ITS SUPPLIER AND PARTNER GRAPHIT KROPFMÜHL Further company coverage: [BASFn.DE] (Gdansk Newsroom)
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GS sees uneven recovery for European chemicals; ups Clariant, cuts Akzo

BUZZ-GS sees uneven recovery for European chemicals; ups Clariant, cuts Akzo ** Goldman Sachs favours consumer ingredient and gasses cos over diversified chemicals and paint makers based on pricing power, as the European chemicals sector faces an uneven recovery ** GS notes Europe's STOXX chemicals sub-index .SX4P is up 13% from its October 2023 tr
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Air France-KLM, Shell, Watches of Switzerland

EUROPE RESEARCH ROUNDUP-Air France-KLM, Shell, Watches of Switzerland June 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air France-KLM, Shell and Watches of Switzerland, on Friday. HIGHLIGHTS * Air France-KLM AIRF.PA : Barclays cuts to equal-weight from overweight * BP BP.L : Jefferies raises target price to 590p from 580p * Liontrust Asset Management Plc LIO.L : Peel Hunt cuts to hold from buy * Shell Plc SHEL.L : Jefferies
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German chemical sector employers, union agree 6.85% pay hike over 20 months

UPDATE 1-German chemical sector employers, union agree 6.85% pay hike over 20 months Adds companies, background on metalworking sector FRANKFURT, June 27 (Reuters) - Germany's BAVC chemical industry association on Thursday agreed with union IGBCE on staggered wage hikes that will give workers 6.85% higher pay over 20 months. As part of the deal, the 585,000 workers covered by the agreement will receive an additional day off per year , the union and the employers' association said in separate sta
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Baader's European chemicals picks for H2 as sector faces gradual recovery

BUZZ-Baader's European chemicals picks for H2 as sector faces gradual recovery ** Baader Helvea sees a gradual recovery ahead for the European chemicals sector, and says it favours speciality and special situations chemical companies over diversified ones ** Diversified and higher volume chemical stocks underwent a price correction during Q2, while
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Admiral, Maersk, Raspberry PI

EUROPE RESEARCH ROUNDUP-Admiral, Maersk, Raspberry PI June 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Maersk and Raspberry, on Tuesday. HIGHLIGHTS * Admiral ADML.L : Berenberg raises to buy from hold; raises PT to 3,127p from 2,973p * Direct Line Insurance DLGD.L : Berenberg cuts to hold from buy * IMI Plc IMI.L : JP Morgan raises target price to 2,200p from 1,850p * Maersk MAERSKb.CO : Morgan Stanley raises target
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Eramet, MTS, Amara Raja Energy and Mobility, Africa Oil, America Movil, Fosun International, Riot Platforms; Updates Vista Outdoor June 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** French miner Eramet ERMT.PA said it had decided, along with Germany's BASF BASFn.DE , to cancel a $2.6 billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia.
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