76 stories found
The German chemical giant is pursuing damages against the smartphone manufacturer, claiming that Apple illegally utilized patented facial recognition technology developed by one of its subsidiaries.
BASF has begun to scale back operations at its Ludwigshafen plant due to critically low water levels in the Rhine River. The reduced water levels are impacting the company's ability to transport raw materials and finished products, forcing production adjustments.
Despite earlier announcements of a shutdown due to record-low Danube River levels, Reactor 2 of Romania's Cernavodă nuclear power plant will remain connected to the national energy system, with stable overnight operations reported. However, the prime minister still urged voluntary electricity savings, acknowledging the country would feel the consequences of the low water levels.
BASF is making progress with its corporate restructuring, including reducing its workforce in Ludwigshafen to below 30,000 for the first time since 1954, leading to a positive market reaction and a rise in its stock.
BASF has announced an increase in its annual targets following a better-than-expected second quarter, driven by a significant jump in profits.
Kemyion, a UAE-based company, has acquired BASF Pakistan. The Competition Commission of Pakistan (CCP) stated that the transaction will not impact market concentration as Kemyion is not yet operational in Pakistan.
The CEO of BASF has issued a warning about a potential new oil price shock, stating that reserves are slowly being depleted. This was part of a broader business ticker that also mentioned Roche's investments and a decline in April production.
Ye's performance at the Gelredome was described as a vortex of bass frequencies, notably without any expressions of hate or antisemitism.
BASF plans to cut its fixed costs by 20% through a new savings program, as part of broader business news including updates on wind power and semiconductor factories in Germany.
Volkswagen reported a significant drop in its first-quarter profit, with figures falling by 14% to 28% according to various reports. The automotive giant attributed the decline to weak sales and demand, particularly in key markets like China and the US.
Major tech companies released their latest earnings reports, with Google posting strong results. However, Meta's shares experienced a significant decline as investors reacted to the company's substantial planned investments in AI.
BASF has announced another price increase for its plastic additives, attributing the decision to ongoing disruptions caused by the conflict in the Middle East. This marks a further impact of geopolitical events on industrial supply chains.
Joachim Thiel, a long-time BASF employee, has successfully overseen the construction of the world's most modern chemical factory in China for the company.
BASF is making a strategic shift in its global operations, investing nearly nine billion euros in a single location in China, marking the largest individual investment in the company's history, while simultaneously implementing savings measures in Germany.
German chemical giant BASF has divested a $291 million stake in energy company Harbour Energy.
BASF has inaugurated its new mega-plant in Zhanjiang, China, representing a record investment of 9 billion Euros, despite associated risks. The company's CEO remains undeterred by the challenges.
BASF Opens $11.6 Billion Chinese Site as Iran War Stokes Turmoil Bloomberg.com
Global recession warnings intensify as the Iran War drives Brent crude above $100 per barrel, causing significant market volatility and prompting India to fast-track oil and LPG import deals amid Middle East supply shocks. Airlines are raising fares due to spiking jet fuel prices and tightening supplies, while investors closely watch the volatile oil market reacting to every change and lingering risks of a prolonged US-Iran conflict.
Chemicals giant BASF has announced another price hike, attributing the increase to rising costs driven by the ongoing conflict in the Middle East.
The European Patent Office (EPO) has recorded over 200,000 patent applications for the first time, with Germany ranking second behind the USA and companies like Siemens and BASF among the top ten.
BASF CEO Markus Kamieth expressed optimism about profitable growth in China, even as the Chinese economy slows, following the company's 9 billion euro investment in a new plant in the Far East.
BASF has increased its prices, citing the Iran War as a factor contributing to fresh cost pressures on European industries.
BASF plans to increase some of its prices by 30% or more, citing a significant rise in energy and raw materials costs as the primary reason.
BASF, the world's largest chemical company and a symbol of Germany's economic boom, is currently in a crisis, with its main plant in Ludwigshafen particularly affected.
German chemical giant BASF is preparing for another challenging year by intensifying its savings program and cutting investments, a move that has negatively impacted its stock.
Banks are preparing to sell the €4 billion buyout debt associated with BASF Coatings, indicating a significant transaction in the financial market.
German industrial company BASF has sued Apple in a U.S. court, alleging that recent iPhone models infringe upon its proprietary facial authentication patents. The legal action highlights growing intellectual property disputes between traditional manufacturing firms and major technology manufacturers.
BASF is preparing to spin off its traditional agricultural business and take it public, with chemist and pianist Livio Tedeschi appointed to lead the division's IPO.
Several companies, including Plexus, Preformed Line Products, Endeavour Silver, Cactus, Spok, Insperity, Arxis, CONMED, and Everest Group, reported their latest quarterly earnings, with most beating analyst expectations for EPS and revenue. Starbucks, however, saw a significant decline in international revenue, and Pilgrim's Pride missed on both EPS and revenue.
The European Commission has fined Google €890 million ($1 billion) for abusing its market dominance by favoring its own apps over rivals, a decision that risks angering the US. Google has stated that the EU law harms consumers and businesses.
BASF announced that it has successfully contained a chemical leak that occurred at one of its plants in Germany.
American actor Timothy Busfield has asked a court to dismiss a grand jury indictment against him in a child sexual abuse case in New Mexico.
BASF has issued a warning that the ongoing conflict in Iran could potentially lead to significant supply shortages for car manufacturers.
The European Commission has granted approval for Carlyle's acquisition of BASF's coatings unit, clearing a major hurdle for the transaction.
The state of the German chemical industry is being questioned, with discussions focusing on whether it has run its course and the continued relevance of major players like BASF.
BASF's stock price is increasing and shareholder criticism is subsiding as investors support the ongoing restructuring of the company.
A US judge has ruled that Duracell, a subsidiary of Berkshire Hathaway, must proceed with a lawsuit filed by BASF concerning alleged theft of battery trade secrets.
BASF Agricultural Solutions announced plans to hire more than 50 employees for corporate and governance roles in its Bucharest office. This expansion reflects the company's growth and investment in the region.
BASF has completed the sale of a $291 million stake in Harbour Energy, as reported by the Wall Street Journal.
BASF has divested its $291 million stake in Harbour Energy, marking a significant corporate transaction.
BASF has sold a $291 million stake in Harbour Energy, adjusting its portfolio in a significant transaction.
The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.
Despite a global demand slump, BASF has inaugurated its new production site in Zhanjiang, China, with CEO Kamieth expressing unwavering confidence in the company's largest-ever investment and even seeing opportunity in the Strait of Hormuz blockade.
Former President Trump has reiterated his rejection of a ceasefire with Iran, asserting that Iran desires a deal but fears its own people and the US. Meanwhile, oil prices continue to climb past $100, driven by lingering risks of a prolonged US-Iran war, impacting global powers as Trump and Xi pursue energy dominance, with Europe particularly vulnerable.
Chemicals Giant BASF Hikes Prices Again as Mideast War Drives Up Costs WSJ
BASF has successfully completed its ninth school project in Vietnam, contributing to educational infrastructure in the country.
The ongoing Iran war is reportedly casting a shadow over the nascent revival efforts of the German chemicals giant BASF, indicating that its turnaround remains a work in progress.
BASF hikes prices as Iran war heaps fresh cost pressure on Europe
BASF announced plans to increase some of its prices by up to 30% or more, citing soaring energy and raw materials costs as the primary drivers for the significant hike.
BASF announced a difficult start to the new year, indicating that more cost-cutting measures will be necessary to navigate the challenging economic environment.
Fluggesellschaft erlaubt 30-Kilo-Hunde an Bord +++ BASF verschärft das Sparprogramm +++ Warner-Übernahme durch Paramount besiegelt +++ Rekordgewinn für Swiss Re +++ Neuigkeiten im…
BASF Pharma Solutions presents its latest innovations in drug formulation during a specialized industry exhibition.
Livio Tedeschi, a chemist and pianist, has been tasked with spinning off and taking BASF's traditional agricultural business public. This move marks a significant change for the chemical giant and the industry.
German chemical giant BASF has reduced its workforce at its headquarters to levels below those of 1954, with CEO Kamieth addressing the costly job cuts and the ongoing debate on dismissal protection.
Auf Sat.2 sollen künftig altbekannte Serien laufen +++ Verwaltetes Vermögen von Blackrock steigt auf 15,34 Billionen Dollar +++ BASF hebt nach Gewinnsprung Jahresziele an +++ Deutsche-Bank-Razzia in…
A look from space reveals the immense scale of megafactories operated by major corporations like BYD and BASF, which are responsible for generating billions in revenue.
Markus Kamieth, the head of German chemical giant BASF, has warned of an impending new price shock in the oil market, citing depleting reserves and the potential closure of the Strait of Hormuz.
BASF is betting on growth in China, with its Zhanjiang site aiming for €5 billion in sales by 2030. This strategic investment underscores the company's commitment to expanding its presence in the Chinese market.
BASF has revealed plans to implement cost-cutting measures and divest its silicates business, which will be sold to PQ.
A consortium of banks has commenced the sale of junk bonds to finance a significant coatings acquisition by BASF, indicating progress in the deal's funding.
German chemical giant BASF has reported unexpectedly strong quarterly results, with net profit increasing and significant growth in its China business. The company may even benefit from the ongoing crisis in the Middle East.
A consortium of banks has initiated the sale of a $2 billion loan package to finance the buyout of BASF Coatings.
German chemical giant BASF has inaugurated a massive new plant in southern China, proceeding with the investment despite significant overcapacities, a weakening economy, and local competition.
German chemical company BASF is opening a new mega-factory in Zhanjiang, China, representing a record investment of nearly nine billion euros, despite associated risks.
German chemical giant BASF has divested a $291 million stake in the energy company Harbour Energy.
BASF has constructed the world's "most modern chemical production facility" on an island in South China, marking a significant development for the company's global operations.
US President Donald Trump confirmed Iran allowed ten oil tankers to pass through the Strait of Hormuz as a 'gift,' with John Bolton suggesting the 'big present' is likely an oil-filled tanker. Trump also stated that taking control of Iranian oil, similar to Venezuela, is an option he is considering.
Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar confirmed that US-Iran 'indirect talks' are taking place through messages relayed by Pakistan, with Pakistan successfully intervening to prevent Israel from targeting senior Iranian officials Abbas Aragchi and Mohammad Bagher Qalibaf.
German chemical giant BASF is opening a new plant in China, investing in the rapidly growing Chinese chemical market despite facing significant risks.
Chemicals giant BASF has announced another round of price increases, citing the escalating costs driven by the ongoing conflict in the Middle East.
BASF CEO Markus Kamieth has stated that there are significant opportunities for profitable growth in China, despite a slowdown in the Chinese economy, following the company's investment of nine billion euros in a new plant in the Far East.
Chemical giant BASF has announced a 30% price increase across its household, industrial cleaning, and industrial formulator product portfolios in Europe, attributing the hike to the ongoing conflict in the Middle East.
BASF has increased its prices as the ongoing Iran war places fresh cost pressures on European industries, impacting supply chains and raw material costs.
BASF raises prices amid Iran war cost pressure
BASF SE released its financial results, reporting a Non-GAAP EPS of €2.24 and total revenue of €59.66 billion.
The Wall Street Journal provides a roundup of market talk concerning the basic materials sector. This report offers insights into current trends and discussions within the industry.