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2,539.24 1.04%
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17/02/2019

BASF to launch sale of construction chemicals unit

FRANKFURT: BASF will launch the sale of its $3 billion-plus construction chemicals business in the spring, as part of the German chemicals group’s drive to focus on more profitable operations, people close to the matter said.BASF, which flagged its intention to auction off or merge the unit in October, said on Tuesday it had hired Goldman Sachs to organise the transaction.“We are still at an early stage of the process,” a BASF spokesman said, declining to comment further on the timing.Goldman Sachs declined to comment.The world’s largest maker of chemical additives for concrete is expected to fetch roughly 3 billion...


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World News

No oil reserves off Pakistan coast

Karachi: Pakistan Prime Minister Imran Khan’s dream of the cash-strapped country becoming self-sufficient in oil has been dashed after no reserves were discovered in the Arabian Sea off the Karachi coast, media reports said Sunday. The drilling work at Kekra-1 well in deep sea near Karachi has been stopped after no oil or gas reservoir could be found, according to Special Assistant to Prime Minister Khan on Petroleum Nadeem Babar. Pakistan was hopeful of finding large oil and gas reserves in its territorial waters in the Arabian Sea. US oil giant Exxon Mobil, Italy’s ENI and a couple other companies...
19/05/2019

"If Iran Wants To Fight, That Will Be Official End Of It": Donald Trump

Washington: US President Donald Trump issued a stern warning to Iran on Sunday, suggesting that if the Islamic republic attacks American interests, it will be destroyed."If Iran wants to fight, that will be the official end of Iran. Never threaten the United States again," Trump said in a tweet.Tensions between Washington and Tehran have been on the rise as the United States has deployed a carrier group and B-52 bombers to the Gulf over what it termed Iranian "threats."Iran's foreign minister downplayed the prospect of a new war in the region on Saturday, saying Tehran opposed it and no party...
19/05/2019

Swiss voters approve tighter gun laws, tax and pension overhaul

GENEVA: Swiss voters on Sunday approved a measure to tighten the Alpine nation’s gun laws and a shake-up of the corporate tax system.The new gun law brings the country in line with many of its European partners despite the objections of local gun owners, while the new tax system heads off what the Swiss finance minister had called an existential threat to the country’s role as a business hub.Switzerland’s public broadcaster said more than 63% of voters nationwide agreed to align with European Union firearms rules adopted two years ago after deadly attacks in France, Belgium, Germany and Britain.The vote...

19/05/2019

No intention to launch war – US ambassador to Kuwait

IRAN HAS NOT BEEN, WILL NOT BE IN WAR: IRANIAN ENVOY KUWAIT CITY, May 19, (Agencies): The US ambassador to Kuwait, Lawrence Silverman, said his country does not intend to launch a war in the region, which officials in Washington have confirmed, but the presence of its troops in the region is to protect its interests, reports Annahar daily. The ambassador told the daily, “His country is very serious about protecting its interests and any Iranian attack on these interests will receive a harsh response.” “The United States has warned Iran of its actions, as well as its intention to...
19/05/2019

Florida governor: Trump won't allow flying migrants to state

The office of Florida Gov. Ron DeSantis said Sunday that President Donald Trump told him he didn't approve and wouldn't authorize to fly hundreds of immigrants from the Mexican border to South Florida on a weekly basis. The governor' spokeswoman Helen Ferre said DeSantis spoke with Trump on Saturday, two days after local officials reacted with alarm to a U.S. Border Patrol notification that 1,000 migrants could be sent to Palm Beach and Broward counties starting in about two weeks. Despite the acknowledgment by acting Homeland Security Secretary Kevin McAleenan on Sunday that federal officials notified local officials of the...
19/05/2019

Acting DHS chief says U.S. won't send migrants to Florida, insists he didn't threaten to quit

Last Updated May 19, 2019 4:02 PM EDT The Trump administration will not send immigrants who cross the southern border to Florida, a reversal that was decided over the weekend, acting Department of Homeland Security chief Kevin McAleenan told "Face the Nation" on Sunday.McAleenan's comments come after Florida officials said they were told earlier last week that federal officials were sending immigrants to South Florida jurisdictions. McAleenan told "Face the Nation" that "U.S. Customs and Border Protection did notify officials locally in those areas that they were looking at the possibility of doing that," but the CBP acting commissioner decided...