Margin pressure is weighing on petrochemical players

Riding the RM3.5 trillion Asia-Pacific EV market

PETALING JAYA: Petrochemical players are struggling to “find a bottom” as steep margin compression continues to weigh on the industry, according to Maybank Investment Bank (Maybank IB) Research. Moving into the second half of 2023 (2H23), challenges remained for petrochemical players and the research house was “neutral” on prospects. The industry is suffering from weakening … Read more

Asian markets rose as investors dug into Wall Street’s strong earnings

menu icon

Wed, Jul 19 2023 1:59 AM EDT Morgan Stanley explains what’s behind its downgrade in China GDP forecast Chetan Ahya, chief Asia economist at Morgan Stanley, discusses the three areas of policy support it expects to come from the Chinese government. Tue, Jul 18 2023 8:54 PM EDT New Zealand inflation slows for second straight … Read more