BASF's Earnings Plummet Due to Rising Costs and Weakening Demand
TL;DR Summary
BASF, the German chemical company, reported a decline in earnings due to higher costs and slowing demand. The company's third-quarter earnings before interest, taxes, and special items fell by 10% compared to the previous year, with sales dropping by 2%. BASF cited increased raw material prices and weaker demand from the automotive and agricultural sectors as contributing factors to the decline in financial results.
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