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Chemical Industry Weekly News Round-Up, August 27
1:07 PM MDT | August 27, 2010 | By VINCENT VALK
This Week on CW:
BHP Billton's quest for PotashCorp continued this week. The Australian mining giant said it would exit from potash distribution network Canpotex, a move Agrium's CEO called "crazy." Meanwhile, Brazilian mining firm Vale has ruled out a bid for PotashCorp.
Sinopec reported a 75% rise in operating income, driven by Chinese economic growth. The company's chemicals segment saw income rise by 69%. Meanwhile, Nova swung to profit on improved business conditions and higher margins.
A U.K. study has shown that BPA affects testosterone levels in men.
LyondellBasell will stop doing business in Iran due to U.S. trade sanctions.
Around the Web:
The Wall Street Journal's Deal Journal has an interesting Q&A with an agribusiness investor on BHP-Billton and trends in agribusiness.
Some good economic news, for a change: U.S. jobless claims fell higher than the initial forecast, Business Week reports.
And some economic news that is sort of good, but maybe not so much: corporate profits are near their pre-recessionary peak, the New York Times' Economix blog reports. But companies still aren't hiring.
Experts think U.N. climate reports should be more frequent and more relevant, in Reuters.
Satirical newspaper The Onion has an "editorial" written by "the chairman of BP."