Asian stocks slid and the dollar spiked on Thursday as investors greeted September by selling everything that was not nailed down after a month battered by concerns about aggressive rate hikes from global policymakers.
The Malaysian manufacturing sector reported a moderation in growth momentum midway through the third quarter of 2022 (3Q22), according to S&P Global's latest indicator of economic health for Malaysia's manufacturing sector.
Continental has announced that the company is now using responsibly sourced natural rubber from Indonesia for its Gravity tyres.
Synthetic rubber prices* have dropped back from the highs seen over the last few months, ChemAnalyst data, compiled exclusively for ERJ, shows.
As part of its sustainability efforts, Continental Tire Japan plans to use the PROJECT TREE blockchain initiative to ensure some of its AllSeasonContact tires use responsibly sourced natural rubber. PROJECT TREE is an initiative of Japanese conglomerate ITOCHU, which owns a rubber processing company in Sumatra, Indonesia and the UK’s Kwik Fit, a major network of tire fitters and car maintenance. ITOCHU officially launched this sustainability initiative in December 2021.
China's factory activity extended declines in August as new COVID infections, the worst heatwaves in decades and an embattled property sector weighed on production, suggesting the economy will struggle to sustain momentum.
