European polymer prices continued to fall over the week to 3rd July. There were reductions of between 20 and 50 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, Polypropylene, PVC and Polystyrene. Asian polymers were mixed with reductions of between 5 and 50 USD per tonne reported in the prices […]
Read MoreExxon to change name following head office move
Exxon Mobil Corp. will become ExxonMobil Holdings Corp. following its move to Texas from New Jersey, marking the company’s first name change since the Mobil merger over 25 years ago. Each share of Exxon will be exchanged for a share in the new holding company. The new stock will begin trading under the existing […]
Read MoreIneos accuses US of dumping cheap plastic in UK
Chemicals giant Ineos has accused its US rivals of dumping cheap plastic into the UK market, putting tens of thousands of British jobs at risk. Ineos, owned by billionaire Sir Jim Ratcliffe, said that since US chemicals suppliers began lowering their prices in 2023, Britain’s imports had doubled. US market share of Britain’s […]
Read MoreUS hospitality jobs fall in June despite World Cup
A World Cup jobs boom in the US has failed to materialise, with employment in restaurants, bars and hotels falling in June. Analysts had expected the tournament, being hosted jointly by the US, Canada and Mexico, to lead to an increase in leisure and hospitality jobs. But the sector saw a decline of […]
Read MoreEuropean, Asian and US polymers fall. WTI and Brent Crude fall
European polymer prices continued to fall over the week to 26th June. There were reductions of between 25 and 115 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, Polypropylene and Polystyrene. Asian polymers fell with reductions of between 20 and 90 USD per tonne reported in the prices of HDPE, […]
Read MoreTrump threatens 100% tariff on European nations over tech tax
US president, Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. Writing on his Truth Social platform, Trump said “Numerous European countries” had been discussing bringing in such a levy and some were close to doing so. He […]
Read MoreAsian stocks slide as tech shares slump
Asian stock markets fell sharply on Friday, led by a sell-off in technology firms as investors worried that recent jumps in share prices had gone too far. Trading on South Korea’s, Kospi was temporarily halted as an 8% fall in the benchmark index triggered a mechanism intended to curb panic selling. The index closed […]
Read MoreUS oil firms accused of overcharging at petrol pumps
US President, Donald Trump has said he has ordered an investigation into major energy companies, accusing them of “gouging” customers by not cutting petrol prices after wholesale oil costs fell on global markets. Trump wrote on social media that he had expected to see petrol prices fall “a lot faster than what I’m seeing”. […]
Read MoreEuropean and Asian polymers fall, US mixed. WTI and Brent Crude fall
European polymer prices continued to fall over the week to 19th June. There were reductions of between 10 and 50 EUR per tonne reported in the prices of HDPE, LDPE, LLDPE, PET, Polypropylene, PVC and ABS. Asian polymers also fell with reductions of between 10 and 70 USD per tonne reported in the prices […]
Read MoreSurvey suggests Brexit resulted in 6% loss to UK economy
The UK economy has taken a 6% hit from the effects of Brexit, according to economists’ analysis of internal Bank of England data about the decisions, views and financial results of thousands of British companies since the referendum a decade ago. Examining data that the Bank uses to decide on interest rates, the study […]
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