Saudi Basic Industries Corp (SABIC) expects its Q4 earnings to be hit by a rapid slide in prices and a slowdown in demand due to the global financial crisis.
The world's largest chemicals company by market value posted its first quarterly decline in profits in more than two years in the third quarter.
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Tuesday, November 11, 2008
SABIC warns that price slide could hit Q4 earnings, demand declines mainly in Europe, USA
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