Nattawut Saikuar News
-
The biggest restrictions on rubber exports since 2009 and record consumption are sending prices back to a bull market after a five-month slump, increasing costs for Bridgestone Corp. and other tiremakers.
-
Thailand, Indonesia and Malaysia, representing about 70 percent of global natural-rubber supply, agreed steps to boost prices, said Yium Tavarolit, chief secretary of the International Rubber Consortium Ltd.
-
Thailand, the largest rubber exporter, reaffirmed a plan to drive local prices to 120 baht ($3.87) a kilogram by buying up supplies, while announcing its intention to push them as much as 50 percent higher than that.
-
Thailand’s baht recovered the bulk of its earlier losses after anti-government protesters were told by one of their leaders to end the occupation of Bangkok’s commercial district.
-
Rubber exporters from Thailand, the world’s largest producer, have started purchases on the Tokyo and Shanghai exchanges to shore up prices, according to the Thai Rubber Association.
-
Rubber climbed to the highest close in more than a week, advancing for a third day, on speculation that China may take additional steps to boost its economy, while Thailand expands a government price-support program.
-
Rubber shortages are about to turn into a flood as China, the biggest consumer, grows at the slowest pace in three years, driving prices paid by Bridgestone Corp. and other tiremakers to the lowest since 2009.
-
Thai security forces stopped anti- government protesters from rallying north of the capital in clashes that killed one soldier, raising tensions in a seven- week standoff that has paralyzed Bangkok’s commercial center.
-
Thai protesters vowed to step up their monthlong push for fresh elections after authorities again blacked out their satellite television station.
-
Thailand’s baht rebounded from a seven-week low, stocks rose and bond risk fell as the government said it is willing to reopen talks on holding an early election to help bring an end to six days of gun battles in Bangkok.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page