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17:27
Brazilian pulp giant Suzano: If the US-Iran war continues, global prices of toilet paper and tissues will rise
With rising transportation and chemical costs, related companies are seeking to pass on these high expenses. Paulo Leime, Managing Director for Europe, Middle East, and Africa at Suzano, said: "Without a doubt, costs are rising across the entire system and value chain... This will inevitably put pressure on paper prices. If this crisis continues... inflation will return across a range of products, not just paper and tissue." The US-Iran war has caused oil prices to soar, pushing up Suzano's costs for shipping, trucking, rail transport, and chemical procurement. (Reuters)
17:01
Bitcoin surges to $73,000 and Ethereum rises over 9% in the past seven days
MarketVectorTM Digital Assets 100 Mid Cap Index fell by 1.11%, closing at 2,769.92 points, with a cumulative increase of 1.20% during the period. The MarketVector Digital Assets 100 Index rose by 0.93%, closing at 14,506.34 points, with a cumulative increase of 8% during the period. Currently, Solana is up by 1.10%, with a cumulative increase of 5.78% during the period; Dogecoin is up by 0.40%, with a cumulative increase of 1.89% during the period; XRP is flat, with a cumulative increase of 2.72% during the period. Bitcoin is up by 1.29%, currently at 72,960 US dollars, with a cumulative increase of 9.19% during the period; Ethereum is up by 1.27%, currently at 2,243.80 US dollars, with a cumulative increase of 9.47% during the period.
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