We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 22 September 18
FITCH RATINGS: WORLD GROWTH FORECAST CUT ON US-CHINA TRADE BATTLE
 Protectionist US trade policies have now reached the point where they are materially affecting what remains a strong global growth outlook, with the US-China trade battle prompting us to downgrade our 2019 global GDP forecast, says Fitch Ratings in its new Global Economic Outlook (GEO).
“The trade war is now a reality,” said Fitch Chief Economist Brian Coulton. “The recently announced imposition of US tariffs on a further USD200 billion of imports from China will have a material impact on global growth and, even though we have now included the 25% tariff shock in our GEO baseline, the downside risks to our global growth forecasts have also increased,” Coulton added.
Our forecasts now encompass the recent significant escalation in US-China trade restrictions, resulting in a 0.2pp reduction in our 2019 China growth forecast to 6.1% and a 0.1pp reduction in our 2019 global growth forecast to 3.1% since the June GEO.
Despite these forecast adjustments, near-term global growth prospects remain strong with growth forecast to reach 3.3% this year, up from 3.2% in 2017, well above the long-run (post-1990) historical average of 2.6% pa.
But growth is also now becoming less balanced and less synchronised. Aggregate demand is accelerating most rapidly in the economy with the smallest margin of spare capacity, namely the US. This is intensifying the divergence of global monetary policy settings and adding to exchange rate volatility. Against the backdrop of an expected shift to global quantitative tightening (QT) next year, the rising cost of funding in US dollars is likely to continue to create pressures for borrowers in global credit markets given the dollar’s outsized role in international financing. This will take a toll on emerging market (EM) growth, where our forecasts have also been downgraded.
One reason for the divergence in growth prospects is fiscal policy, which is aggressively expansionary in the US but much closer to neutral in the eurozone. Our US growth forecast for 2018 has been revised upwards by 0.1pp to 2.9%. But as US near-term prospects improve, it has become clearer that eurozone growth has peaked and our eurozone 2018 growth forecast has seen a further mark down of 0.3pp in this GEO to 2%.
While China’s recent headline GDP growth numbers have held up well – recording 6.7% yoy in 2Q18 – there is increasing evidence of earlier credit tightening measures dampening domestic demand. We do not expect further policy easing to fully offset the drag from new US tariffs and now see China’s growth slowing to 6.1% next year from 6.6% this year. Our aggregate EM growth forecast for 2018 has been revised down by 0.1pp since the last GEO to 5.2% and for 2019 by 0.3pp to 4.8%.
Slowing global growth in 2019 will be accompanied by an important transition in global monetary policy. Fitch now expects the combined QE asset holdings of the four QE central banks (Fed, ECB, BOJ and BOE) to decline in 2019.
“With the four QE central banks having purchased over USD1 trillion of assets per annum on average since 2009, the prospect of an outright decline in central bank liquidity is likely to have significant ramifications. These could include upward pressures on global bond yields – as the compression of term premiums that followed QE is unwound – and a ratchet up in financial market volatility,” Coulton noted.
Source: Fitch Ratings
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 04 September 18
SUPRAMAX: THE ASIAN SECTOR REMAINED ACTIVE WITH RATES STILL FIRM ESPECIALLY IN SE ASIA - BALTIC BRIEFING
Capesize
A turnaround in fortunes for the big ships, with a few slower days in the market. A build-up of tonnage and a lack of Brazil cargoes r ...
Thursday, 30 August 18
SUPRAMAX: CIS COAL TO FAR EAST WENT AT MID TENS AND TO SE ASIA AT CA USD 8000 - FEARNLEYS
Capesize
There was a slow start this week with holiday in UK on Monday. The index has been slowly coming off since then; The C5 route has seen ...
Wednesday, 29 August 18
MID-YEAR FY19 POWER OUTLOOK: IMPORTED COAL REQUIREMENT TO INCREASE DURING REMAINING FY19: IND-RA
India Ratings and Research (Ind-Ra) has maintained a stable-to-negative outlook on the Indian power sector for the remaining FY19, despite a rise i ...
Wednesday, 29 August 18
IMPACT ON CHARTERPARTIES - TIME TO ACT NOW : NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
The challenges introduced by the global sulphur cap are not exclusively technical. The new limits are likely to impact co ...
Tuesday, 28 August 18
COURT CONCLUDES DELIVERY MADE IN ACCORDANCE WITH TERMS OF LOIS - INCE&CO
Glencore Agriculture BV v Navig8 Chemicals Pool Inc (Songa Winds) [2018] EWCA 1901 (Civ)
In this case, the Commercial Court fo ...
|
|
|
Showing 1631 to 1635 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
|
| |
| |
|
