By Malini Hariharan (Malini is now joint blogger for Asian Chemical Connections) It pays to have a domestic focus and Reliance Industries has shown this again in its results for the first half of fiscal 2009-10. Its petrochemicals division delivered Rs43bn in earnings before interest and taxes (EBIT), a 23.8% growth over the same period […]
Asian Chemical Connections
More Muddle And Confusion
By John Richardson Manufacturers yesterday reported rising output and improved employment prospects in the US, Europe and Asia. China’s Purchasing Managers’ Index (PMI), involving a survey of more than 700 manufacturers, increased for the eighth straight month in a row – and is now back to where it was in May 2008. This is exactly […]
Asia anxious over the wrong kind growth
Like this for a while longer? Source of Picture: Bahnuprasad.net/blog The question, of course, is what is the right kind of growth? If you are trader of whatever kind the only growth you care about is in aset values. In other words the more bubbles the better and as long as you get out in […]
Micro-management gone too far?
micro-management, human resources, APIC, commodity chemicals, CEOs, credit control, financial meltdown
Reasons to be cheerful?
Any excuse to make a reference to the late, great and wonderful Ian Dury. I sent the following email to my friend in response to the stock market rallies and the green shoots of optimism seemingly turning into beautiful May flowers: “I take it nothing can has fundamentally changed? The confidence couldn’t possibly be so […]
Lack of visibility makes planning a nightmare
Is it just me or is sentiment in chemicals markets even more erratic than usual? Only two weeks ago people were talking about an imminent supply glut in polypropylene, but now the talk is of tightness and stable prices. Perhaps those with more time on their hands have more time to talk. This lack of […]
Trade protectionism on the rise
antidumping petitions, trade protection, WTO applied and bound tariff rates
How to make money in a downturn Part 1
John Cusack, Kate Beckinsale, antidumping petitions, trade protection, living in cloud cuckoo land
How hopeless is your company?
The blame game, financial meltdown, Eric Cantona, Leeds Utd, the end of life as we know it, Lucy Kellaway
Crikey, did I eat that much?
Pimco, Mohamed El-Erian, financial meltdown, financial rescue package, American Chemistry Council
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