European polymer prices fell over the week to 11th September. There were reductions of between 5 and 140 EUR per tonne reported in the prices of PVC, ABS and Polystyrene. In the UK, prices fell across all grades as the Pound gained value against the Euro.   Asian polymers were mixed with increases of between […]

Donald Trump has called for interest rates to be cut later this month, claiming higher rates put the US at a “very unfair disadvantage”.   The president’s remarks came as stronger-than-expected jobs figures in the US added to growing expectations that rates could be increased, with inflation still running high and American households feeling the […]

Drivers in the US are paying more than ever for diesel at the pump as the US-Israel war with Iran continues to hit Americans’ wallets.   In the US, diesel is mostly used by commercial vehicles, such as trucks, trains, boats, buses, farming vehicles and construction vehicles.   The average price for one gallon of […]

China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country’s financial system and boost its slowing economy.   The cash injection, which is being led by China’s finance ministry, will total 360 billion yuan ($53.6bn), state news agency Xinhua said on Sunday.   The […]

European polymer prices were unchanged over the week to 4th September. In the UK, prices rose across all grades as the Pound lost value against the Euro.   Asian polymers rose with increases of between 20 and 70 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, PVC, ABS and Polystyrene. In […]

Argentina’s president has heightened tensions with the UK over the Falkland Islands, warning he will impose economic sanctions on firms which exploit oil close to the British overseas territory.   In a national address, Javier Milei said the “winds of change” favoured Argentina’s claim to the islands, emboldened by signs the US might reconsider its […]

The board of German car giant Volkswagen has approved a plan to cut another 50,000 jobs as part of a sweeping turnaround programme. It brings the total number of roles the company plans to shed by 2030 to 100,000.   The group – which includes Audi, Porsche, Skoda as well as the VW brand – […]

The Dutch central bank (DNB) has confirmed that billions of dollars in gold have been taken out of north America and relocated to London, citing “increasing geopolitical unrest”.   DNB said on Wednesday that 86 tonnes of gold had been removed from the US and Canada in a complex operation that took several months. It […]

European polymer prices rose over the week to 28th August. There were increases of between 20 and 40 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE and Polypropylene.   Asian polymers were mixed with increases of between 10 and 40 USD per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, […]

The US has reached a deal with Venezuela to control more than 65 billion barrels of its proven oil reserves, President Donald Trump announced.   “This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans,” Trump posted on social media.   Venezuela’s […]