LONDON (ICIS)--Sasol has entered into discussions to potentially divest its stake in its Iran-based joint venture Arya Sasol Polymers, the South African coal to oil and chemicals producer said on Wednesday. SEE MORE Capital spending by the chemical industry is on the rebound as per global engineering and construction (E&C) companies. Projects are in progress in Asia and the Middle East, as well as in USA, where shale-gas exploitation has changed the economics of production. SEE MORE LONDON (ICIS)--The eurozone sovereign debt crisis remains the main risk to the world economy and decisive policies must be urgently implemented to stop the outlook from becoming much bleaker, the OECD said on Monday in its latest economic outlook. SEE MORE Vietnam’s inflation slowed for a third month in November, and the central bank signaled it may consider lowering interest rates.
Consumer prices rose 19.83 percent from a year earlier, after climbing 21.59 percent in October, the General Statistics Office said in Hanoi Friday. The State Bank of Vietnam has room to cut policy rates and lower the dong deposit rate cap if month-on-month inflation is less than 1 percent, Governor Nguyen Van Binh told lawmakers Friday. Prices rose 0.39 percent in November from October. SEE MORE SINGAPORE (ICIS)--Trade financing has tightened for polyethylene (PE) and polypropylene(PP) going in and out of Iran, after fresh waves of US - led international sanctions hit the Middle Eastern country, industry players said on Wednesday. SEE MORE
