Chemicals maker Dow cuts costs as global slowdown bites
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(Reuters) - Dow Inc beat Wall Street estimates for profit in the third quarter as it cut costs to offset a sharp slowdown in demand for the chemicals it makes for plastics and other manufacturing, sending shares almost 2% higher.An oversupply of ethylene and polyethylene as well as the impact of U.S.-China trade tensions on demand for chemicals forced Dow in July to forecast lower-than-expected third-quarter revenue and cut its targets for full-year spending.The company, which makes chemicals..