BASF SE (BASFn.DE)
Fri, May 3 2019
MANNHEIM, Germany German chemicals giant BASF expects to eke out some profit growth in 2019 as it banks on business to perk up with car production in the latter half of the year and on benefits from ongoing cost cuts.
* Banks on cost cuts, auto demand to bolster H2 results (Releads, Adds CEO quote)
MANNHEIM, Germany, May 3 BASF's first-quarter operating profit dropped 24 percent as the firm's basic chemicals business was hit by a slump in prices for precursor materials used in polyurethane foams.
KASSEL, Germany, March 21 BASF's oil and gas subsidiary Wintershall on Thursday said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licences in 2018.
BRUSSELS, March 1 The following are mergers under review by the European Commission and a brief guide to the EU merger process:
* China's environment watchdog is considering modifying coastal ecological red lines to make space for two giant chemical projects planned by Germany's BASF < and U.S. oil major Exxon Mobil, financial publication Caixin reported on Thursday
* Shares rise 5 percent, top German blue-chip (Adds analyst, background, detail, shares)
LUDWIGSHAFEN, Germany, Feb 26 BASF on Tuesday said it would put its pigments business, with about 1 billion euros in sales, on the auction block as it continues to divest lower-margin businesses.
LUDWIGSHAFEN, Germany German chemicals group BASF reported a nearly 60 percent drop in fourth-quarter operating profit on Tuesday, due to a sharp decline in earnings at its basic petrochemical-making unit.
LUDWIGSHAFEN, Germany, Feb 26 Operating profit at German chemicals group BASF dropped by almost 60 percent in the fourth quarter due to a sharp decline at a unit making basic petrochemicals for products such as heat insulation.