Sectors News Results

  • Suez Wins Contract to Recover Hazardous Waste in China, Creates JV

    Suez SA (SZEVF) said Wednesday that it has received a contract for hazardous waste recovery from the automotive sector in the Shanghai Chemical Industry Park in China. The French water-and-waste management company said its subsidiary Suez NWS had created a joint venture for the project, together with the park and Chinese car maker SAIC Motor Corp. Ltd.. The contract is expected to have an overall turnover of around 528 million euros over 30 years, Suez said.

  • Shipping Bellwether Hits All-Time Low

    A bellwether of the global shipping market has hit an all-time low as the spread of the coronavirus weighs on global trade. The fast-spreading virus and uncertainty around its impact on the world's economy have rocked markets and sent commodities prices to multi-month lows in recent days. That has added pressure to shipping freight rates-- the price at which cargo is delivered from one point to another-- for the world's largest raw materials ships, known as capesize vessels.

  • Trade, Growth Uncertainties Weigh on Outlook for Materials Stocks -- Update

    The materials sector has lagged behind the broader S&P 500 this year, and some investors fear that will continue as trade tensions with China drag on. The segment, which includes chemicals, construction materials, packaging and metals companies, is particularly exposed to the global economy. While some companies have grappled with weather and other individual problems, the continuing uncertainty over the trade war is dampening expectations for the world-wide growth that...

  • Trade, Growth Uncertainties Weigh on Outlook for Materials Stocks

    The materials sector has lagged behind the broader S&P 500 this year, and some investors fear that will continue as trade tensions with China drag on. The segment, which includes chemicals, construction materials, packaging and metals companies, is particularly exposed to the global economy. While some companies have grappled with weather and other individual problems, the continuing uncertainty over the trade war is dampening expectations for the world-wide growth that...

  • Germany's Chemical Industry Sees Weak 2020 Production, Sales Growth

    German chemicals industry group VCI expects a minimal increase in sales and production in 2020 after a weak economy and trade disputes hurt growth this year, it said Tuesday. VCI expects a slight increase in German chemicals production of 0.5% in 2020, driven by 2.0% growth in the pharmaceutical sector. Sales are also forecast to rise 0.5% to 194 billion euros.

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