Market News

    India rubber industry 'over-reliant' on natural rubber imports

    KOTTAYAM, India—India's rubber manufacturing industry is becoming over-reliant on imports of low-cost natural rubber, the Rubber Research Institute of India has warned. The warning is based on an institute study that valued the industry's output—66 percent of which is based on NR—at close to $11 billion per year, and exports nearing $2.5 billion a year.

    Oil up on Libya export worries, but trade row drags

    SINGAPORE (Reuters) - Oil prices edged up on Tuesday on uncertainty over Libyan oil exports, but gains were dampened by an expected increase in supply from producer cartel OPEC and by an intensifying trade conflict between the United States and other major economies.