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Basic Materials -Sector | Reuters.com
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Basic Materials

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Orascom Telecom Q1 net profit seen at $45 mln

By Shaimaa Fayed CAIRO, May 13 - Orascom Telecom (OT) is expected to post a first-quarter net profit of $45 million on Monday, following a net loss in the fourth quarter of 2011 when it was weighed down by currency losses and impairment charges, according to analysts. The Egypt-based company, which has operations in Algeria, Pakistan, Bangladesh and Canada, should post a profit for the quarter in the absence of major currency effects, along with flat revenue quarter-on-quart

MIDEAST STOCKS-Arabtec weighs on Dubai; stability hopes lift Egypt

DUBAI/CAIRO, May 13 - Dubai's Arabtec dragged the bourse to a 13-week low on Sunday after investors pocketed gains amid concerns about the minority shareholders' stake in the contractor, while Egyptian stocks rebounded on optimism over political stability in the country.

BAY STREET-Canada stocks seen sliding further on global woes

* Strategists warn Toronto stocks could fall another 7 pct

Markets, Stocks, Energy 10:29am EDT

Capital Group wants KPN to sell German unit-report

AMSTERDAM, May 13 - The Capital Group, the largest investor in KPN, wants the Dutch telecoms firm to consider a sale of its German unit, a newspaper reported, putting it at odds with Mexican billionaire Carlos Slim who sees KPN as a springboard into Europe.

TABLE-India's Bhushan Steel Jan-March net up 13.8 pct

May 13 - Three months ended March 31 (Versus the same period a year earlier, in million rupees unless stated) Net Profit 3.3 vs 2.9 Net Sales 28.4 vs 19.7 Results are standalone. NOTE: Bhushan Steel Ltd makes cold-rolled steel strips. (Reporting by Kaustubh Kulkarni in MUMBAI)

2:25am EDT
Basic Materials
E. I. du Pont de Nemours and Co $51.57 -0.04%
Monsanto Co $72.45 +1.03%
Dow Chemical Co $32.15 -0.12%

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