Sales and earnings before interest, tax, depreciation and amortisation (EBITDA) for the company’s silicones business were up 7% and 10%to €432.1m and €57.4m respectively, as higher volumes and favourable exchange rates helped to offset price pressures on silicone production, according to Wacker. The unit produces silicone-based emulsions, elastomers, sealants and resins.
Crude for December delivery was at $86.05 a barrel in electronic trading on the New York Mercantile Exchange, up 32 cents, at 1:30 p.m. Singapore time. The contract settled at $85.73 yesterday, the lowest since July 10. Prices are down 13 percent this year.
HA NOI (VNS) — The country's CPI is under control this month with an increase of 0.85 per cent after soaring 2.2 per cent in September, the General Statistics Office said yesterday.
Central banks in Southeast Asia may be forced to abandon this year’s monetary easing and raise interest rates before their north Asian peers in 2013, as rising inflation risks overshadow the current economic gloom.