BASF Profit Issues Warning on U.-China Trade Concerns, Auto Slowing Market

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BERLIN-BASF SE ripped off its profit forecasts on Monday, citing the ongoing trade dispute between the US and China as well as weak demand in the auto market, adding to the difficulties of a German chemical giant.

Germany-based firm Ludwigshafen said that slower economic growth and trade conflicts are now expected to reduce revenue and sales for the full year, compared to earlier forecasts for growth in both paragraphs t .

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