Money
European aid gives rubber a bounce
(China Daily)
Updated: 2010-05-11 10:20
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TOKYO - Rubber rallied from the lowest price in almost five months on optimism an emergency package by European policymakers will contain a sovereign-debt crisis and maintain economic growth in the region.
Rubber for October delivery, the most-active contract, rose as much as 7.7 yen to 270.3 yen per kilogram ($2,906 a metric ton) before settling at 269.4 yen.
Bloomberg News
