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Commodities Briefing - Categorized | Market Moves more

Singapore commodity firms crimp spending in challenging times

Posted on 17 May 2013

Singapore-listed commodity firms Olam International Ltd, Noble Group Ltd and Wilmar International Ltd are cutting capital expenditure, making more selective acquisitions and seeking partnerships to weather volatile markets.
While the more cautious approach could lead to slower earnings growth, investors are likely to welcome the leaner balance sheets and reduced funding risk as China’s demand for commodities from iron ore to palm oil weakens………………………………………..Full Article: Source


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