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BASF SE is aiming to increase profitability by sharpening its portfolio and implementing a series of measures related to production, logistics, and R&D, the chemicals group said Tuesday as it released a new strategic plan. The German company said it will run a program between 2019 and 2021 that should deliver 2 billion euros ($2.29 billion) a year in additional earnings from the end of 2021. This will allow BASF to increase earnings before interest, taxes, depreciation and amortization before special items between 3% and 5% a year, the company said. electricity dance moms choreography Streamlining the current divisional structure to include six major segments will also help the group deliver its targets, BASF said. "We will sharpen our portfolio and focus our capital allocation more towards growing business areas," said Chief Executive Martin Brudermuller, who took up the position in May. BASF emphasized the importance of Asia, and particularly China, to its growth strategy. The company expects China’s market share in global chemicals to increase to 50% by 2030 compared with around 40% currently.

The SMI followed international markets down Tuesday, closing 0.5 percent lower at 8,769 points. The index was supported by defensive heavyweights Novartis, which rose 0.9 percent, Roche (up 0.4 percent) and Nestle (up 0.2 percent). electricity jewels Julius Baer slumped 7.2 percent after reporting disappointing ten-month financials. Credit Suisse fell 4.5 percent and UBS slid 2.3 percent. gaston yla agrupacion santa fe 2016 Luxury goods makers Richemont and Swatch again declined, falling 1.5 percent and 1.7 percent respectively. Market observers fear the strong recovery in Swiss watch exports in October after the September setback will not last. Observers see downside pressure on the luxury goods sector from the ongoing US-China trade dispute, but also from the strong Swiss franc, which was in demand as a safe haven Tuesday because of the stock market turbulence. Among second-tier stocks, hearing aid maker Sonova slid 2.2 percent after posting weaker than expected second-quarter figures, but reiterated its full-year outlook because of good prospects for a new product generation.

U.S. stocks fell sharply, extending a pre-Thanksgiving rout that has been fueled mostly by a selling in shares of technology and internet-related companies. h gas l gas Sharp declines in Target and Lowe’s after disappointing earnings also contributed to the tone. 101 gas station The Dow Jones Industrial Average fell 500 points, or 2%, at 24,516, and tumbled by as many as 596 points or 2.3% at the session’s lows. The S&P 500 index was down 45 points, or 1.7%, at 2,644, while the Nasdaq Composite Index was off by 114 points to 6,913, a drop of about 1.6%. The drop erased year-to-date gains for both the Dow and S&P 500, while the Nasdaq was clinging to a narrow gain for 2018. Monday’s decline resulted in the S&P 500 and the Dow’s worst start to a Thanksgiving week since 2011, while the Nasdaq registered its worst such start since 2000, according to Dow Jones Market Data. electricity voltage in india U.S. investors continue to be plagued by doubts surrounding slowing global growth, U.S.-China trade relations, and the steady rise in interest rates that can be expected to continue into next year. These doubts have accumulated to induce fears that we are growing nearer to the end of the current economic expansion, strategists say.