LyondellBasell to buy Schulman in $1.24 billion deal

Chemicals maker LyondellBasell Industries NV said it will buy smaller rival A. Schulman Inc. for $1.24 billion, doubling the size of its business that supplies plastic compounds to the packaging, electronics and building markets.   LyondellBasell’s plastic compounding business, blending molten plastic with additives, now largely caters to the automobile…

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Japan GDP slows in final quarter of 2017

Japan’s economic growth slowed in the last three months of 2017 and missed expectations, preliminary official figures show.   The world’s third-largest economy expanded at an annualised rate of 0.5% in the quarter, against analyst forecasts of 0.9%, but it is still the country’s eighth consecutive quarter of growth, the…

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