BASF SE may undertake its single biggest plant investment to date, spending more than 1 billion euros ($1.4 billion) to target cheaper U.S. shale gas with a facility to convert methane to propylene used in coatings.
BASF SE , the world’s largest chemical maker, will resume dividend increases after third- quarter profit jumped by 1 billion euros ($1.39 billion) and the company raised sales and earnings outlooks for 2010.
BASF SE predicts annual earnings to rise this year after the world’s biggest chemical maker posted fourth-quarter profit that beat analyst estimates on increased demand for catalysts and coatings from the car industry.
A suspension of electronic payments in Vatican City is threatening finances in the world’s smallest state as pilgrims and tourists are forced to use cash in museums and shops with yearly sales of more than $100 million.
BASF SE , the world’s largest chemicals company, agreed to buy German food- and cosmetics- ingredients maker Cognis Holding GmbH for 3.1 billion euros ($3.8 billion) to accelerate a move away from basic chemicals.
BASF SE can escape the hangover of a post-takeover revamp with its purchase of Cognis GmbH after a decade of private-equity ownership left the German maker of cosmetics ingredients with about 3,500 fewer workers.