BERLIN (AP) — Shares in Germany-based chemicals maker BASF have dropped after the company issued a profit warning, citing factors that included declining global auto production, weakness in the North American agricultural sector and trade conflicts. AP has cited the trade war between the China and US as it issued a major profits warning. The North American firm, which said it expects 2018 earnings before interest and taxes to be up to 30% below its 2018 results, pointed to declining global car production and weakness in the North American agricultural sector as additional reasons for the below-estimate figures.
AP has cited the trade war between the China and US as it issued a major profits warning. The North American firm, which said it expects 2018 earnings before interest and taxes to be up to 30% below its 2018 results, pointed to declining global car production and weakness in the North American agricultural sector as additional reasons for the below-estimate figures.