Bloomberg BASF SE Chief Executive Officer Martin Brudermueller unveiled a comprehensive redesign of the chemical giant’s corporate structure to boost profit by 2 billion euros ($2.3 billion) from 2021 and challenge smaller, more focussed competitors. The Ludwigshafen, Germany-based company is also targeting growth in earnings before interest, taxes, depreciation and amortisation of 3 percent to 5 percent per year, although ...

Bloomberg Britain’s pollution levels would probably rise if the country crashes out of the European Union without a deal, breaching a key pledge Prime Minister Theresa May has made to rein in emissions. That’s the conclusion of Bloomberg NEF, which forecasts that burning coal would increase in the first quarter of next year if there’s a no-deal Brexit. Without a ...

Bloomberg Confidence among US homebuilders plummeted by the most since 2014 as the highest borrowing costs in eight years restrain demand, adding to signs of a cooling housing market that will weigh on the Federal Reserve’s debate over how far to raise interest rates. The National Association of Home Builders/Wells Fargo Housing Market Index dropped eight points in November to ...