Petrochemical markets are being badly ruffled by two recent Chinese government decisions. In late June, there was the decision to change the VAT export rebate system for yuan-priced product. And then this week there was a widening of the deposit rules governing import duty and VAT rebates on petchem imports priced in US dollars. But […]
Asian Chemical Connections
Could Pride Come Before A Fall?
This article from Reuters highlights the danger of overpaying for assets in the current India M&A frenzy.Perhaps its point about the overall of over-confidence is valid, especially given that previous deals were small scale. Other Indian companies, following Tata Steel’s lead, are starting to bid the big league. Integrating small acquisitions to add value is […]
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