Goldman sees slightly easier China monetary policy amid trade tiff with U.S

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SHANGHAI (Reuters) – Goldman Sachs (NYSE:) said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating.

 

Read the source article at Global Rubber Markets News

Nexeo Solutions Named Distributor in Canada for Cabot Corporation

THE WOODLANDS, Texas, June 14, 2018 (GLOBE NEWSWIRE) — Nexeo Solutions, Inc. (NASDAQ:NXEO) and Cabot Corporation (“Cabot”) have expanded their agreement to distribute Cabot’s specialty carbon, fumed silica, fumed alumina, dispersion, and aerogel product lines in Canada. …

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“Working with Nexeo Solutions to distribute our high-value products to customers has proven to bring numerous benefits to our customers,” said Bill Masterson, Cabot North American Commercial Director, Performance Chemicals segment. “We are pleased to expand our partnership with Nexeo Solutions and believe that working with a global leader that shares our drive for technical innovation will help deliver meaningful benefits to our customers in Canada.”

Read the source article at Stock Market Quotes and News

Trump tariffs could sink Canada’s auto industry

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TORONTO — Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that could devastate the car industry in Canada and lead to higher U.S. prices.

Read the source article at Front Page

Trump Auto Tariffs Would Slam Canada as Trade Rhetoric Heats Up – Bloomberg

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Donald Trump’s heightened attacks on Canadian Prime Minister Justin Trudeau are raising concerns that he might follow through on threats to impose auto tariffs, a move that would devastate the car industry in Canada and lead to higher U.S. prices. The Trump administration’s pledge to consider tariffs on all imported vehicles took on more urgency last weekend after Trump and his advisers accused Trudeau of “bad faith diplomacy” for his trade comments following a meeting of Group of Seven leaders in Quebec. “I have instructed our U.S. Reps not to endorse the Communique as we look …

Read the source article at Bloomberg.com

Executive Interview: Michelin North America’s Joanie Martin, Chief Administrative Officer

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Tire Review Editor Patti Renner Hoying sat down with Joanie Martin of Michelin North America at the 2018 Movin’ On conference in Montreal to talk about the company’s goals, structural and distribution changes and her new role within the organization. Earlier this year, …

Read the source article at Tire Review

The global carbon black market is expected to reach an estimated $20.2 billion by 2023 with a CAGR of 5.6% from 2018 to 2023

NEW YORK, June 6, 2018 /PRNewswire/ — Trends, opportunities and forecast in carbon black market to 2023 by application (tire rubber, non-tire rubber, plastic, ink, coating, and others), by end use industry (transportation, industrial, building and construction, printing and packaging,…

Read the source article at PR Newswire

Montreal’s Movin’ On event sparks mobility innovations from around the world

MONTREAL – You can’t buy a wind-powered car, and probably won’t ever be able to, but there really is such a thing. And Canada currently holds the world championship for them.

That was just one of the surprises at Michelin Movin’ On, a three-day summit on sustainable mobility held at the end of May in Montreal. Originally called Challenge Bibendum – for Michelin’s tire-themed Bibendum mascot – it was first held in 1998 in France.

Read the source article at driving.ca

GM’s autonomous vehicle unit gets $2.25 billion boost

DETROIT — SoftBank Vision Fund, a prominent technology investment firm, is investing $2.25 billion in General Motors Co.’s autonomous vehicle operation.

Read the source article at Tire Business

U.S. sets public hearings on auto import tariff probe

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WASHINGTON — Less than a week after the Trump administration threatened to impose tariffs of up to 25 percent on foreign-built automobiles, the U.S. government on Tuesday said it would hold public hearings on whether the import of vehicles and auto parts represents national security risks. The Commerce Department announced in the Federal Register that it would hold two days of public comments in July on its probe of auto imports.

Read the source article at Front Page

Life after Sergio? Fiat Chrysler to unveil five-year plan Friday

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The vision for a post-Marchionne Fiat Chrysler Automobiles and what that means for Michigan should become significantly clearer starting Friday. The Italian-American automaker will lay out its plans for the next five years in a ritual that is highly unusual in the automotive industry, where road maps for the future are not typically on full display.

Read the source article at Detroit Free Press