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Germany's BASF warns on profits and shares drop

2014-10-24 13:55:26| Chemicals - Topix.net

Chemical and oil company BASF is warning that its profits will come in below its previous forecast in the wake of slower global economic growth and industrial production. Shares in BASF SE dropped 2.4 percent to 69.34 euros in Frankfurt trading Friday after the company revised its forecast.

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