KOTTAYAM, India—India's rubber manufacturing industry is becoming over-reliant on imports of low-cost natural rubber, the Rubber Research Institute of India has warned. The warning is based on an institute study that valued the industry's output—66 percent of which is based on NR—at close to $11 billion per year, and exports nearing $2.5 billion a year.
SINGAPORE (Reuters) - Oil prices edged up on Tuesday on uncertainty over Libyan oil exports, but gains were dampened by an expected increase in supply from producer cartel OPEC and by an intensifying trade conflict between the United States and other major economies.
TOKYO (Reuters) - Global share prices fell on Monday on escalating trade tensions between the United States and major economies while crude oil prices gave up some of the hefty gains made after major oil exporters agreed to a modest increase in production.
TOKYO (Reuters) - The dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down U.S. yields.
SINGAPORE (Reuters) - Brent crude oil prices fell over 1.5 percent on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on Friday.
ROVERTO, Italy—In the wake of the antidumping duties placed on imported Chinese truck and bus tires by the European Commission, Marangoni Retreading Systems is increasing prices for rubber materials used to retread tires across Europe. The increase begins July 1.
