Petrochemical makers battle global glut

NEW DELHI/SEOUL, Aug 11 (Reuters): Petrochemical producers in Europe and Asia are in survival mode as years of capacity build-up in top market China and high energy costs in Europe have depressed margins for two consecutive years, forcing firms to consolidate.The sector's weakness is troubling for a global oil industry...

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China launches appeal at WTO over EU electric vehicle tariffs

BEIJING, Aug 11 (AFP): Beijing said on Friday it had filed an appeal with the World Trade Organization over the European Union's imposition of additional tariffs on imports of electric vehicles from China.In July, the EU slapped extra provisional duties of up to 38 per cent on Chinese EVs after...

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Ghana opens new gold refinery with 20pc government stake

ACCRA, Ghana, Aug 11 (Reuters): Ghana opened its first commercial gold refinery in which the state holds shares on Thursday as part of an effort by Africa's leading gold producer to add value and earn more from the precious metal, which has been mined there for centuries.The Royal Ghana Gold...

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China to extend low-carbon lending tool to end of 2027

BEIJING, Aug 11 (Reuters): China's central bank will extend a programme providing financial institutions with low-cost loans intended to help companies to cut carbon emissions, the government said on Sunday.The People's Bank of China (PBOC) will extend the policy to support carbon-reduction projects by companies to the end of 2027,...

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