11.11.2009 • News

Huntsman Q2 Profit Skyrockets

Huntsman said its second-quarter profit skyrocketed as a hefty legal settlement offset a steep drop in sales. For the period ended June 30, the company reported net income of $406 million compared with $24 million in the year-earlier period. The results were bolstered by a gain of $1.7 billion from a settlement earlier in the year with Deutsche Bank and Credit Suisse Group. Sales fell 36 % to $1.87 billion.

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VCI Welcomes US-EU Customs Deal

The German Chemical Industry Association (VCI) welcomes the fact that Ursula von der Leyen, President of the European Commission, and US President Donald Trump have averted the danger of a trade war for the time being.