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Brexit poses risks to chemicals industry

  Bloomberg Chemical companies are preparing for a potentially disruptive Brexit as the UK withdrawal from the European Union threatens an integrated market underpinning more than 40 billion euros ($42 billion) a year in two-way trade. Marco Mensink, director general of the European Chemical Industry Council representing manufacturers such as BASF SE, Akzo Nobel NV and Dupont Co., said the ...

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CEO halts ‘unrealistic’ merger dreams for Fiat

  Bloomberg Fiat Chrysler Chief Executive Officer Sergio Marchionne is putting his search for a merger on the back burner as he focuses on reaching the Italian-American carmaker’s goal of eliminating debt before he retires in 2019. “We need to be very careful that we don’t start unrealistic dreams about consolidation as we are on our way to achieve historically ...

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Canada among fastest growing economies

  Bloomberg Almost out of nowhere, Canada has become one of the fastest growing economies in the developed world. The oil-producing nation, which struggled mightily with falling crude prices the past two years, grew at an annualized pace of almost 4 percent in the first quarter, according to the Bank of Canada’s latest estimates. No other Group of Seven economy ...

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