In an analysis that may rival that infamous "McKinsey report" from early 2015 which found that not only had there been no deleveraging since the financial crisis but that total global debt has risen to an unprecedented $199 trilion as of 2014, or up by $52 trillion in 7 years, earlier today S&P Global Raters issued a new report in which it forecasts that global corporate debt is set to rise by 50% over the next four years, rising from $51.4 trillion currently to $75 trillion by 2020 as a result of easy central bank monetary policy and low interest rates.
Despite the seasonal factors behind the recent surge in Chinese interbank rates, experts have argued that it has persisted because of the tough stance taken by Chinese policymakers. Societe Generale's Wei Yao expects liquidity conditions to stay tight through the second half of 2013.
REUTERS/Sheng Li Thanks to stronger-than-expected demand in China and continued growth in emerging markets, global steel demand — after falling in 2015 — looks set to rebound modestly in 2017, continuing the recovery seen this year.
BHUBANESHWAR: Tata Steel will produce 11.3 million tonnes of crude steel this financial year, a million tonnes more than its output last year, Managing Director for India and Southeast Asia TV Narendran said. Ramping up at Tata’s newest steel plant at Kalinganagar in Odisha is faster than expected, Narendran said. While the steel maker has committed to production of 1 mt at the 3 mt plant commissioned this May, actual output could be 50% more. It is expecting to produce 9.8 mt of crude steel from its 10 mt plant at Jamshedpur.
Demand for gold was relatively resilient in the first quarter of 2012, with global demand falling 5 percent on a year-over-year basis, says the World Gold Council. Marcus Grubb, managing director of investment, calls this slight quarter decline in demand “noise in the context of 22 percent rise” in the price of gold compared to first quarter of 2011. Also, gold demand was very strong in the first three months of last year.