| A fall in commodity prices is shrinking global corporate spending, with capital expenditure predicted to fall this year and next, research to be published on Monday shows. The energy, chemicals and mining sector accounted for well over a third of global capital expenditure last year but rating agency Standard & Poor’s predicts that spending will fall more than 10 per cent this year and decline further in 2016.
Concerns over weaker Chinese growth and rising commodity supply has led to a sell-off in oil and a broader decline in copper, gold and other raw materials, pushing the Bloomberg commodities index to a six-year low...............................................Full Article: Source
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