The UK Office for Budget Responsibility downgraded growth forecasts citing soaring energy prices from Middle East conflicts, prompting Chancellor Healey's budget to include energy support measures amidst high inflation concerns.
GSK shares tumbled after third-quarter results showed vaccine sales dipping despite overall revenue growth, sparking investor concern over patent expiries. CEO Luke Miels outlined cost-saving measures and acquisitions while reaffirming long-term revenue targets.
Syensqo SA has ended production of the last fluorosurfactant, C604, at its Italian site ahead of its 2026 commitment. The company cites new non-fluorosurfactant polymerization technologies that maintain performance while reducing environmental impact across most product lines.
BPCL announced plans to create a subsidiary for a 1 trillion rupee greenfield refinery and petrochemical complex in Andhra Pradesh. The project features a 10 million mt/y refinery and a 1.5 million mt/y ethylene steam cracker.
BASF raised its full-year EBITDA forecast to €7.4–7.8 billion following strong core performance, with Q3 sales surging 14.2% due to higher prices. The company confirmed ongoing restructuring and described its proposed acquisition of Evonik as serious.
The US Federal Reserve plans to hold interest rates steady before midterm elections amid inflation exceeding 3% driven by geopolitical conflicts and soaring oil prices. This pause reflects a cautious stance despite political pressure and ongoing supply shock concerns.
Shin-Etsu Chemical reported an 11.3% year-over-year profit increase to ¥286.9 billion, navigating weak PVC demand through price hikes while semiconductor materials grew significantly due to AI-driven investment.
An analyst rates Ecolab stock as 'hold', arguing AI growth potential is already priced in while overall valuation remains stretched due to softer results in other segments.
Australia's headline inflation accelerated to 4.3%, driven by rising fuel and food prices, prompting expectations of another interest rate hike by the Reserve Bank next week.
Ecolab reported strong Q3 2026 results with 7% organic sales growth driven by High-Tech and Life Sciences segments, despite adjusted EPS moderation due to CoolIT Systems acquisition costs.
Eastman Chemical Co receives analyst insights covering recent upgrades and downgrades, alongside details on its upcoming Q3 2026 earnings call and current stock performance.
UK MPs warn the Sizewell C nuclear plant funding plan poses excessive risk to taxpayers, potentially costing £48bn. Critics argue private investors gain while consumers face higher bills.
Raymond Lifestyle reported a 10% decline in Q2 profit driven by a 23% increase in raw material costs for cotton and yarn, alongside supply chain disruptions.
India's Pidilite Industries reported a 6% rise in second-quarter profit to 6.15 billion rupees, driven by robust construction demand despite significant raw material cost inflation. Revenue increased 21% as the company absorbed input cost pressures through disciplined pricing and cost management.
Vulcan Materials will announce Q3 earnings tomorrow with analysts expecting a 2.5% year-on-year revenue decline, despite the stock rising 6.6% over the past month against an average price target of $307.26.
The U.S. Energy Information Administration reported that crude and distillate inventories fell while gasoline stocks rose last week due to higher demand and exports. Oil futures gained following the report, with Brent crude trading at $115.66 per barrel.
Germany's Economy Minister approved a penalty scheme allowing developers to return offshore wind sites amid financial pressures, while state leaders urge legislative changes for retendering as major firms like BP and TotalEnergies struggle with project delivery.
Russian Foreign Minister Lavrov visits the US for G20 talks amidst Trump's waiver of Russian energy sanctions to curb fuel prices. Diplomatic efforts address peace talks and the effect of refinery attacks on global energy supply.
Adnoc plans to supply Upper Zakum crude via a new Fujairah pipeline starting early 2027, enabling buyers to bypass the threatened Strait of Hormuz. This move supports the UAE's strategy to reduce reliance on the waterway following its exit from OPEC production limits.
The UK intends to expand its Carbon Border Adjustment Mechanism to include refined products from 2027 to prevent carbon leakage. This supports decarbonization at British refineries while covering existing carbon-intensive sectors like steel and cement.
ChemBrief