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Basf (OTCMKTS:BASFY) Given Underperform Rating at BNP Paribas

BNP Paribas reaffirmed their underperform rating on shares of Basf (OTCMKTS:BASFY – Free Report) in a report released on Monday, MarketBeat.com reports. Separately, Redburn Atlantic raised Basf from a neutral rating to a buy rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, two have […]

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Upgrading barley yields with a new fungicide solution

Upgrading barley yields with a new fungicide solution - 19 April 2024

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BASF agrees 15-year gas supply deal with China's ENN

German chemicals giant BASF said on Friday it had agreed to buy natural gas from Chinese gas company ENN Energy Holdings under a 15-year supply contract. ENN will supply the fuel to BASF's integrated chemicals complex in Zhanjiang in Guangdong province, BASF said in a brief statement posted on its WeChat platform, without specifying the volume of the deal. Under the agreement, ENN will invest and build a gas pipeline to supply the BASF plant.

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Basf Se (OTCMKTS:BASFY) Receives Consensus Recommendation of "Reduce" from Analysts

Shares of Basf Se (OTCMKTS:BASFY – Get Free Report) have earned an average rating of “Reduce” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation […]

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BASF India plants receive certification

BASF's two dispersions plants in India have received REDcert2 certification.

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BASF SE's (ETR:BAS) Stock Financial Prospects Look Bleak: Should Shareholders Be Prepared For A Share Price Correction?

BASF's (ETR:BAS) stock is up by 8.5% over the past three months. However, in this article, we decided to focus on its...

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SOUPER BOWL OF CARING DONATE NOW!

KFDM-FOX4 has partnered with the Southeast Texas Food Bank in the fight to end hunger in our community. Our goal is to inspire local businesses, schools, and se

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BASF Posts FY Profit; To Cut Another EUR 1 Bln In Annual Costs At Ludwigshafen Site

BASF SE (BFA.L, BASFY.PK), a battery materials producer, reported net income of 225 million euros in fiscal year 2023, compared to a loss of 627 million euros in 2022.

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Germany's BASF sees profit in 2023, announces large cost-saving plan

German chemical and battery giant BASF saw a return to profit in fiscal year 2023, with a net income of €225 million ($244 million), compared to a loss of €627 million in 2022. Income from operations (EBIT) before special items in the 2023 business year amounted to €3.8 billion. The decline of €3.1 billion compared with the prior-year figure was primarily due to a considerably lower earnings contribution from the Chemicals and Materials segments. EBIT was €2.2 billion in 2023; the steep decline

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Germany's BASF announces cost-saving plan, job cuts amid weak demand

German chemical and battery giant BASF is launching a cost-cutting plan due to weak demand in Europe. Additional costs of €1 billion ($1.1 billion) are to be saved annually at the German site in Ludwigshaven by 2026, the company announced on Friday. Fixed costs are to be reduced by increasing efficiency and production capacities are to be adapted to market requirements. "The program will therefore also unfortunately lead to further job cuts," said chief executive Martin Brudermüller. Details are

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