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

The Fed’s last rate hike will come at the July meeting, economists say

The Fed's last rate hike will come at the July meeting, economists say

BENGALURU: The US Federal Reserve will raise its benchmark overnight interest rate by 25 basis points to the 5.25%-5.50% range on July 26, according to all 106 economists polled by Reuters, with a majority still saying that will be the case increasing the current tightening cycle. A resilient economy and historically low unemployment in the … Read more