The article reports on the decision of paper chemical makers to divert its overcapacity in Asia and Latin America. It notes on the closure of several production sites in Europe and their transfer mostly to Asia. In 2009, the global specialty paper chemicals market was valued at about 15 million dollars. BASF decided to expand its paper chemicals capacity in Asia as part of its plan to restructure its paper chemicals business.
The article presents information related to the aviation industry in Europe, United States and Asia-Pacific. Spain is unhappy with the industrial return from its share in EADS, in which government-holding company Sepi has a 5.6% stake, according to Spanish press reports. Both the EH Industries EH-101 helicopter and Lockheed Martin Joint Strike Fighter are liable to be discussed in the margins of this week's state visit by U.S. President George W. Bush to London to meet British Prime Minister Tony Blair. Australia is shifting some of its modernization plans as a result of an update to its 2000 defense white paper.
MacDonald, Alistair, McDonald, Ian, Sender, Henny, Mollenkamp, Carrick, and Haywood, Kate
Subjects
*MONEY market, *CAPITAL market, *INVESTORS, *CENTRAL banking industry
Abstract
This article discusses the turmoil in the capital and money markets in the U.S., Europe and Asia. It explains that investors fear about the extent of the impact of the subprime mortgage problem in the U.S. largely caused the turmoil. The Federal Reserve and the central banks in Europe and Japan have reacted to the squeeze in money supply by release billions and lowering the interest rates. It says that the commercial paper market, which observers believe, is largely insulated from the turmoil, did not remain unscathed.
Published
2007
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