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.
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.
Deutsche Bank AG, the biggest bank in continental Europe, may consider increasing the salaries of management board members and senior staff to remain competitive after the European Union moved to cap bonuses.