18.03.2016 - Commodity Crisis Eats into Global Capex
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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