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Basic Materials

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Wall Street challenges U.S. regulator over proposed commodities rule

Feb 21 Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to hold more capital against investments in commodities, placing what some see as an overly restrictive limit on banks' ties to the sector.

HSBC pulls Britain's FTSE lower

* FTSE 350 bank index scores worst day since Brexit (Adds closing prices)

UPDATE 1-Anglo may walk away from El Soldado copper mine in Chile

LONDON/SANTIAGO, Feb 21 Anglo American said on Tuesday it will walk away from its El Soldado copper mine in Chile if it cannot agree with local regulators on a permit for a redesign of the operation.

UPDATE 1-CEOs of 16 U.S. companies urge Congress to pass border tax

WASHINGTON, Feb 21 Chief executive officers of 16 companies, including Boeing Co, Caterpillar Inc and General Electric Co, have urged the U.S. Congress to pass a comprehensive tax code rewrite, including a controversial border tax.

UPDATE 3-Anglo American aims to resume dividend, no longer a forced seller

* Aims to keep around 30 central assets (Adds CEO comments about failed sales, possible spin-off)

Financials, Energy 9:55am EST
Basic Materials
Dow Chemical Co $61.19 -0.11%
LyondellBasell Industries NV $94.53 +1.74%
Praxair Inc $118.32 +0.77%

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