By John Richardson ADIDAS recently announced that it is to close its only directly-owned sportwear factory in China. Many other similar factories could shut if Beijing sticks to its 12th Five-Year-Plan (2011-2015) promise to move up the industrial value chain. The...
By John Richardson The consensus view on China remains that we have reached, or are near, the bottom of the decline in GDP (gross domestic product) growth. This was how yesterday's release of the preliminary HSBC China Manufacturing Purchasing...
By John Richardson Saudi Arabian oil minister Ali al-Naimi on Tuesday did his best to calm the oil markets by arguing that the kingdom had met all its customers' requests for crude, and was ready to raise output to full...
By John Richardson CHINA'S synthetic fibres chain continues to show serious signs of distress as a result of weak domestic and export demand, according to my ICIS colleagues, Judith Wang and Becky Zhang. Traders in monoethylene glycol (MEG) must have believed...
By John Richardson THE danger that high oil prices pose to the global economy, and therefore, of course, petrochemicals demand, has been highlighted by a new report from HSBC. It makes the point that quantitative easing, which has led to...
By John Richardson DEVELOPED market plastics demand is currently 15 per cent below 2007 levels, despite a modest recovery in 2010, because of two successive years of double-digit declines in 2008 and 2009, according to a new HSBC report. Some...
By Malini Hariharan GROWTH in China and other leading economies has slowed and oil prices have slipped but analysts are predicting strong prices for the rest of 2011 and 2012. Their reasoning is based on continued speculative activity in this commodity...
Source of picture: robertsamsterdam By John Richardson IT will only be a question of making a large rather than a huge amount of money if you only take into account the relatively minor increases being forecast for Saudi...
Source of picture: Time.com Yesterday I talked about lack of willingness by western banks to lend money because their focus was on rebuilding reserves. But Steven Major, Global Head of HSBC's Fixed Income Strategy Team, puts a...
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