Chemicals and the Economy

S&P warns on debt-laden companies
15th February 2008 by

Ratings agencies Moody’s and S&P started taking a heavy line with Sabic in December over the s...

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UK banks follow US lead in tightening credit
13th February 2008 by

The Bank of England’s quarterly survey of corporate credit conditions, published today, shows that...

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‘Don’t panic’ say Dow, BASF
12th February 2008 by

Its not normally a good sign when chemical industry bosses feel the need to cheerlead on the outlook...

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US banks tighten as the Fed eases
10th February 2008 by

The US Fed has dramatically cut interest rates by 1.25% recently. But as it eases, so US banks seem ...

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The renminbi keeps rising
10th February 2008 by

I noted last month that China seemed to have changed policy with regard to the renminbi. Since then,...

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Wal-Mart sales ‘below expectations’
8th February 2008 by

‘‘I despair at times at why the equity markets can’t see how serious the credit crunch is’, ...

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60 is the new 40 for BP
7th February 2008 by

Very few non-OPEC oil projects have been financed in recent years, although market prices have risen...

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Dow, Basell, BASF, SABIC owed $5m in Plastech bankruptcy
5th February 2008 by

Chemical companies tend to trade on ‘open book’ terms with long-established customers. They are ...

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OPEC holds quotas, rebuffs Bush
4th February 2008 by

OPEC’s decision to hold its production quota at last Friday’s meeting came as no surprise to the...

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