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Update 2: Reliance Betting On US Competitiveness

He’s not bad at making moneySource of picture: www.dealbreaker.com

 

SOME of the logic behind Reliance Industries’ bid for LyondellBasell could be a recognition that the globalisation of petrochemicals markets may have gone into partial reverse.

A climate bill passed by …

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Update 1: Reliance said to be offering $10-12bn

Reliance Industries – which is attempting to buy LyondellBasell – is offering $10-12bn, according to this report from Reuters quoting two sources with direct knowledge of the deal. 

This would be one of the biggest-ever acquisitions by an Indian company. In 2007, …

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Reliance Bid For LyondellBasell Confirmed

Reliance Industries has made an offer for LyondellBasell says an official statement released yesterday on the LyondellBasell website:

“LyondellBasell has received a preliminary non-binding offer from Reliance Industries Limited to acquire for cash a controlling interest in the company contemporaneously …

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China Real Estate: When Is A Bubble A Bubble?

 

 

 

Source of picture: www.managingthedragon.com

By John Richardson

I love the phrase used by Andrew Peaple of the Wall Street Journal in this article on China’s property “bubble”: Getting a straight answer is like “nailing jelly to a …

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“Middle East To Control Basic Chems In 3-5 Years”

Abu Dhabi ahead in the race?

Source of picture: www.gulftrackservices.com

By John Richardson

The global basic chemicals industry is likely to end up under the dominant control of the Middle East, and possibly Asia, within the next 3-5 years, a …

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Disappointment in India…speculation on Rabigh

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

The 17 Nov public hearing arranged by the Indian government at Delhi to discuss provisional anti dumping duties levied on PP imports from Saudi Arabia, Singapore and Oman …

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A Chilling Chinese Export Rumour

 ”They are so cheap, I might even buy one as a hedge against global warming”Source of picture: www.formalwilderness.blogspot.com

 

This blog has spent a lot of time tormenting itself over the sustainability of China’s extraordinary economic rebound during 2009.

“Just …

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Crude, Demand Destruction & Irresponsible Bankers

 

Source of picture: www.walletpop.com

 

 

By John Richardson

In his own words Paul Hodges of International e-Chem – and also a fellow blogger – puts in a nutshell some of the dangers confronting the chemicals industry as we …

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US Dollar Carry Trade Threat To Chemicals

Stay cool and don’t panic!

Source of picture: www.wired.com

 

 

By John Richardson

THE growth of the carry trade US dollars – leading to a sharp depreciation of the greenback and possibly of many other unintended consequences – represents …

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The more the merrier

By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections)

Sumitomo Chemical and Saudi Aramco appear to be in a generous mood. After successfully launching the first phase of their joint venture and starting work on the second …

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