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Profits at German chemical firm BASF held back by higher raw material costs

from The Associated Press via The Washington Post

Rising raw materials prices and weaker demand in a slowing economy held back fourth-quarter profits at German-based chemical, plastics and oil company BASF SE. But the company showed a strong result for the full year, raised its dividend and predicted things would pick up again in the second half. Net profit rose 3 percent in the fourth quarter to €1.13 billion ($1.5 billion). more

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