Americas top stories: weekly summary
HOUSTON (ICIS)–Here are the top stories from ICIS News from the week ended 3 February.
US lifts ban on palm oil, derivative products from Malaysian Sime Darby Plantation
US Customs and Border Protection (CBP) on Friday lifted a two-year ban on imports of palm oil products from Malaysia’s Sime Darby Plantation Berhad (SDP), after findings that Sime Darby, its subsidiaries, and joint ventures no longer produce palm oil and derivative products using forced labour.
US January ethylene contracts fall on lower production costs
US January ethylene contract prices settled at a decrease as lower production costs counter-balanced slightly higher spot values.
US Fed raises rates by 1/4 point as pace of hikes slows
The US Federal Reserve raised its benchmark federal funds rate by a quarter of a point to 4.50-4.75 on Wednesday, lower than the half-point increase in December and in line with market expectations amid continued strong employment data and easing inflation.
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