Articles

Global Ratings Outlook Weaker Than Last Year

Operational Risk / Global / Wed 25 Jan, 2017

Global rating outlooks are more negative than a year ago across most rating sectors.

"The greatest challenges are undoubtedly faced by emerging market issuers in all sectors, but this is a global trend - the outlook bias is also negative for developed-market entities across the majority of sectors," said Monica Insoll, Managing Director, in Fitch

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Cocoa: Trading Sideways Over 2017 Before Long-Term Uptrend

Commodities / Global / Wed 11 Jan, 2017

Cocoa: Trading Sideways

Short-Term Outlook (three-to-six months)

We now hold a neutral view on cocoa prices over the short term as we expect cocoa to bottom and trade sideways over H117 following a tumble in cocoa prices over H216 on the back of improved fundamentals and bearish sentiment. Although a good 2016/17 West African season will improve global supply over 2017

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Emerging Markets Key For Unilever Spreads Unit Sale

Consumer & Retail / Global / Tue 03 Jan, 2017

We expect to see strong interest in Unilever's margarine and spreads unit, due to a reasonable valuation and opportunities for further growth in emerging markets. The decline in sales in developed markets will remain a challenge for any potential investor, as consumers have moved away from spread products as an everyday staple. Potential offers

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Latin America Infrastructure: Key Themes For 2017

Infrastructure / Latin America / Tue 03 Jan, 2017

BMI View: Continued fiscal constraints will limit public spending across Latin America in 2017, with countries which have prioritized institutional reforms aimed at enabling and attracting private investment set to outperform. Additionally, we highlight the potential for further reform in the wake of the Lavo Jato corruption scandal and the

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Aluminium: 2017 Hinging On China Supply & Demand Direction

Agribusiness / Global / Mon 02 Jan, 2017

BMI Aluminium Forecast

BMI aluminium forecasts

BMI View: We forecast aluminium prices to average USD1,700/tonne in 2017 and steadily increase to average USD1,900/tonne by 2021 as the global aluminium market shifts into a deficit.

Short-Term Outlook (three-to-six months)

We have increased our 2017 aluminium price forecast to USD1,700/tonne from USD1,625/tonne, as

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Asia Infrastructure: Key Themes for 2017

Infrastructure / Asia / Fri 30 Dec, 2016

Our outlook for the construction and infrastructure industry in Asia in 2017 remains stable, with outperformers in emerging and frontier Southeast Asian markets balancing slower growth in developed markets and China. Governments will play a larger role in both facilitating private investment in infrastructure and implementing their own fiscal

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Key Themes For Oil & Gas in 2017

Oil & Gas / Global / Fri 02 Dec, 2016

Stronger oil prices in 2017 will create more stability, supporting rebalancing in the market and new investment. The wider adoption of clean fuels standards and tapering fuels consumption growth will promote more downstream investment in petrochemicals.

Our key themes in oil and gas for 2017 are predominantly focused around two areas. On the

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Global Telecoms: Key Themes For 2017

Telecommunications / Global / Thu 01 Dec, 2016

BMI View : Regulatory, competitive, macroeconomic and technological pressures will again be the main forces shaping the global telecommunications industry in 2017. Although our core outlook is one of 'business as usual', we acknowledge that the steady replacement of globalist economic planning with more localised 'populist' approaches to driving

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