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Commodities Briefing - Categorized | Commodity Crisis, Index more

Commodity Crisis Eats into Global Capex

Posted on 18 March 2016

The global slump in commodity prices that has seen the benchmark Goldman Sachs Commodity index slump by around 50% over the past 20 months, has already claimed victims in the form of jobs and dividend cuts, profit warnings and credit rating downgrades.
Now Standard & Poor’s says it’s also eaten into capital expenditure plans, and is likely to keep doing so for the next couple of years at least. In a report Thursday it put figures on just how deep that could go. According to a survey by the ratings agency, global capital expenditure by companies across all sectors fell 10% in 2015………………………………………..Full Article: Source


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