News

LyondellBasell to acquire A. Schulman, Inc.

Plastics and chemicals major, LyondellBasell and A. Schulman, Inc., the global supplier of high-performance plastic compounds, composites and powders, announced that they have entered into a definitive agreement under which LyondellBasell will acquire A. Schulman for a total consideration of $2.25 billion.   “The acquisition of A. Schulman is a natural…

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Federal Reserve raises interest rates

The US Federal Reserve has voted to raise the target for its benchmark interest rate by 0.25%, citing solid economic expansion and job gains.   The widely-anticipated decision will lift the target for the central bank’s benchmark rate to 1.75%-2%, the highest level since 2008.   A majority of Fed…

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US imposes tariffs on Chinese goods

US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft. The tariffs that affect more than 800 products worth $34bn in annual trade are due to come into effect on 6 July.   The White House said it will take…

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Five of G7 commit to Ocean Plastics Charter

During this year’s Group of Seven (G7) summit, five of the world’s leading industrial powers signed an ambitious environmental charter, promising to protect our shared oceans from plastic pollution.   Under the G7 Ocean Plastics Charter, the UK, Canada, France, Germany, Italy and the European Union (EU) have all agreed…

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