Goldman Sees Emerging-Asia Currencies Coming Under More Pressure

“Along with the broader emerging market currency complex, high-yielding currencies like the Philippine peso, Indian rupee and Indonesian rupiah have been under pressure in June,” strategists including Zach Pandl and Danny Suwanapruti wrote in a research note. “In coming weeks, we expect this pressure to continue versus the dollar, in some cases potentially posing upside … Read more

Metals Haven’t Crashed This Hard Since The Great Recession

“Even if China recovers in the second half, it will not be able to single-handedly boost prices back to new highs – that age has gone,” Amelia Xiao Fu, head of commodities strategy at BOCI Global Commodities, said by phone from London. “If other major economies are heading towards a recession, China will not be … Read more

Ship Crash in Indonesia Adds to Global Paper-Product Disruptions

A ship crashed into a bridge near Palembang in Indonesia’s South Sumatra linking a private terminal owned by Asia Pulp & Paper (APP) with its plant, known as OKI, Letchumi Achanah, APP’s head of strategic engagement and advocacy, confirmed after a Bloomberg request. The company is unable to provide details because the matter is still … Read more

Reliance Seeks New Technologies to Make Cheaper Green Hydrogen

(Bloomberg) – Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is assessing new technologies for making electrolyzers in its efforts to produce low-cost green hydrogen in the country. As part of the push, the company also plans to bid for any production-linked incentives the government may offer to encourage the technology, Kapil Maheshwari, president … Read more