ABU DHABI / WAM Borouge on Wednesday signed with Marie Tecnimont Group, the Engineering, Procurement and Construction (EPC) contract for its fifth polypropylene (PP5) plant in Ruwais, which will grow Borouge’s polypropylene capacity by 25% to 2.24 million tonnes per year (t/y) and unlock new opportunities to reinforce local industries. With a nameplate capacity of 480,000 t/y, the new PP5 …

Bloomberg US stocks fell, with FANG shares tumbling as executives of the tech heavyweights face scrutiny on Capitol Hill. The selloff in emerging market currencies deepened, adding to the risk-off tone on global financial markets. Twitter, Facebook and Alphabet sent the Nasdaq Composite Index down by more than 1 percent during Senate Intelligence Committee hearing on social media and foreign …

Bloomberg A fresh sign that the financial industry’s love affair with cryptocurrencies is cooling pummeled the largest tokens. Ether sank as much as 15 percent and Bitcoin fell almost 7 percent to a three-week low amid a report that Goldman Sachs Group Inc. is pulling back on near-term plans to set up a crypto trading desk. Litecoin and Ripple followed …