Two weeks after Royal Dutch Shell Plc and Platts changed the way more than half of the world’s crude is valued, the companies along with BP Plc and Statoil ASA are being probed by European antitrust regulators about potential manipulation of oil prices.
Five years after Congress mandated that sales of ammonium nitrate, the chemical implicated in last month’s fatal Texas blast, be tracked, rules to do that haven’t been issued by the federal government.
As lawmakers pushed a bill to tighten U.S. security standards on chemical factories, fertilizer depots and water-treatment plants in 2009, they faced a formidable opponent: the U.S. business community.
Braskem SA, Latin America’s largest petrochemicals maker, rose to a two-year high as Citigroup Inc. and JPMorgan Chase & Co. recommended buying the stock after the government cut taxes for the industry.
Braskem SA, Latin America’s largest petrochemicals maker, rose to a 19-month high as Banco Santander SA joined Citigroup Inc. and JPMorgan Chase & Co. in raising the stock to buy after Brazil cut the industry’s taxes.