(Bloomberg) -- China’s central bank has space to cut its main interest rates by as much as 50 basis points over the next year if repeated Covid outbreaks continue to drag on the economy, according to a former adviser at the regulator.

Oil prices rose on Tuesday as Saudi Arabia threatened production cuts to offset a potential Iran-led supply glut, while contrasting statements over the nuclear deal between Tehran and Washington indicated that an agreement was further away than previously anticipated. 

The International Rubber Study Group (IRSG) is an International Body dedicated to increase the transparency of the world rubber market and strengthening the international cooperation on rubber issues. The IRSG Secretariat publishes comprehensive data on production, usage, trade and prices- covering both natural rubber (NR) and synthetic rubber (SR). On a biannual basis the World Rubber Industry Outlook (WRIO) presents the latest long-term forecasts for the next ten years, covering the world economy as well as the automotive, tyre and rubber sectors.

Malaysia's July exports, which grew 38% year-on-year to RM134.07 billion, came slightly below Bloomberg's consensus forecast of 39%, but above the 36.5% that economists surveyed by Reuters had expected.

Production of natural rubber in India registering a significant growth of 8.4% in 2021-22 is attributed to increasing output in Assam, Tripura and Karnataka.

The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high all through 2023, Bundesbank President Joachim Nagel told a German newspaper.