With global commodity prices collapsing, the recycling business in China has collapsed, says China Law Blog and the New York Times.
Not exact matches
Combine that
with weak
commodity prices, flat
global trade and the governance risk associated
with companies in many of these countries, and safety - minded investors are perhaps best served by limiting their exposure to the grouping at this time.
Such risks, uncertainties and other factors include, without limitation: (1) the effect of economic conditions in the industries and markets in which United Technologies and Rockwell Collins operate in the U.S. and globally and any changes therein, including financial market conditions, fluctuations in
commodity prices, interest rates and foreign currency exchange rates, levels of end market demand in construction and in both the commercial and defense segments of the aerospace industry, levels of air travel, financial condition of commercial airlines, the impact of weather conditions and natural disasters and the financial condition of our customers and suppliers; (2) challenges in the development, production, delivery, support, performance and realization of the anticipated benefits of advanced technologies and new products and services; (3) the scope, nature, impact or timing of acquisition and divestiture or restructuring activity, including the pending acquisition of Rockwell Collins, including among other things integration of acquired businesses into United Technologies» existing businesses and realization of synergies and opportunities for growth and innovation; (4) future timing and levels of indebtedness, including indebtedness expected to be incurred by United Technologies in connection
with the pending Rockwell Collins acquisition, and capital spending and research and development spending, including in connection
with the pending Rockwell Collins acquisition; (5) future availability of credit and factors that may affect such availability, including credit market conditions and our capital structure; (6) the timing and scope of future repurchases of United Technologies» common stock, which may be suspended at any time due to various factors, including market conditions and the level of other investing activities and uses of cash, including in connection
with the proposed acquisition of Rockwell; (7) delays and disruption in delivery of materials and services from suppliers; (8) company and customer - directed cost reduction efforts and restructuring costs and savings and other consequences thereof; (9) new business and investment opportunities; (10) our ability to realize the intended benefits of organizational changes; (11) the anticipated benefits of diversification and balance of operations across product lines, regions and industries; (12) the outcome of legal proceedings, investigations and other contingencies; (13) pension plan assumptions and future contributions; (14) the impact of the negotiation of collective bargaining agreements and labor disputes; (15) the effect of changes in political conditions in the U.S. and other countries in which United Technologies and Rockwell Collins operate, including the effect of changes in U.S. trade policies or the U.K.'s pending withdrawal from the EU, on general market conditions,
global trade policies and currency exchange rates in the near term and beyond; (16) the effect of changes in tax (including U.S. tax reform enacted on December 22, 2017, which is commonly referred to as the Tax Cuts and Jobs Act of 2017), environmental, regulatory (including among other things import / export) and other laws and regulations in the U.S. and other countries in which United Technologies and Rockwell Collins operate; (17) the ability of United Technologies and Rockwell Collins to receive the required regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger) and to satisfy the other conditions to the closing of the pending acquisition on a timely basis or at all; (18) the occurrence of events that may give rise to a right of one or both of United Technologies or Rockwell Collins to terminate the merger agreement, including in circumstances that might require Rockwell Collins to pay a termination fee of $ 695 million to United Technologies or $ 50 million of expense reimbursement; (19) negative effects of the announcement or the completion of the merger on the market
price of United Technologies» and / or Rockwell Collins» common stock and / or on their respective financial performance; (20) risks related to Rockwell Collins and United Technologies being restricted in their operation of their businesses while the merger agreement is in effect; (21) risks relating to the value of the United Technologies» shares to be issued in connection
with the pending Rockwell acquisition, significant merger costs and / or unknown liabilities; (22) risks associated
with third party contracts containing consent and / or other provisions that may be triggered by the Rockwell merger agreement; (23) risks associated
with merger - related litigation or appraisal proceedings; and (24) the ability of United Technologies and Rockwell Collins, or the combined company, to retain and hire key personnel.
Outside of
commodity prices, most
global indicators and surveys are still in expansion territory,
with services sectors generally doing better than manufacturing ones.
Probably one of the surprises in the coming year will be fresh dollar weakness combined
with falling
commodity prices (i.e.
global commodity prices falling faster than the value of the dollar itself).
These questions come as EM stocks have had a rollercoaster year,
with valuations beaten up by concerns about China's economy, slowing
global growth and lower
commodity prices, just to name a few of the headwinds facing developing markets.
That said, the big difference between the two is that Freeport - McMoRan's purchase saddled it
with an exorbitant amount of debt, which is becoming a burden to manage given the
global slump in
commodity prices.
We regard the greater stability in
commodity prices, along
with a lessening of volatility in financial markets, as welcome, and believe it should provide a more stable platform for the
global economy, where growth remains acceptable, if lower than desirable.
Growth in Australia's export volumes has remained weak over the past year or so, despite strong growth in
global demand and world
commodity prices,
with total exports virtually unchanged from four years ago (Graph 31).
I'm somewhat disinclined to believe that the current gold
price is due strictly to excess supply
with discussion of
price manipulation always looming, but the general thesis remains that until these
global excesses are mopped up, successful
commodity investing will involve focus on a narrow subset of raw materials — in our case the Energy Metals.
The recent uptick in uranium appears to be due to the fact that the
commodity price has been too low for too long
with a majority of
global production operating below cost.
Farmers and consumers in countries and sectors without supply - management systems are subject to wild swings in
commodity prices and have little ability to negotiate reasonable returns or
prices with giant
global agri - businesses.
The strength in
global growth has been associated
with a rapid expansion of trade and sharp increases in
commodity prices and freight charges (for further details see «Box A: Developments in World Trade»).
The
global recovery has also boosted
commodity prices,
with the terms of trade increasing to levels not seen for the past quarter - century.
Increases in
global commodity prices, combined
with strong demand conditions domestically and capacity constraints in some parts of the economy, have contributed to significant upstream
price pressures in Australia during the past year.
Furthermore,
with slower
global economic growth in the years ahead due to the U.S. consumer saving spree, worldwide financial deleveragings, low
commodity prices, increased government regulation and protectionism, excess
global capacity will probably be a chronic problem.
China's recovery also coincided
with a near perfect set - up for EM assets: a weaker U.S. dollar, falling bond yields, rising
commodity prices and a more synchronized
global expansion.
In the past 12 months, the
price of
global dairy
commodities has tumbled 45 per cent, compared
with Murray Goulburn's cut to the farm gate
price of as much as 15 per cent.
Some pressure is still expected to build on
global commodity prices in this year's second quarter, in line
with the northern hemisphere milk peak, Rabobank's latest dairy quarterly says.
Merricks Capital, which specialises in soft
commodities, helped to create derivative contracts
with the major US hamburger companies to allow them to hedge the cost of Australian beef while allowing them to profit from anomalies in
global beef
prices, such as the perceived high
price of Australian cattle.
Rising
commodity and ingredients
prices continue to hit the
global food chain
with US food giant Kraft the next in line to be hit by
price pressures suggesting that despite reasonable fourth quarter figures, the soaring costs are...
Michael Harvey, a senior analyst (dairy)
with Rabobank, said he was optimistic for the Australian industry after
global dairy
commodity prices started to firm from the middle of 2016.
Despite the more difficult
global environment,
with lower
commodity prices and domestic power shortages, economic growth in 2015 was close to 4 percent, slightly higher than expected.
These questions come as EM stocks have had a rollercoaster year,
with valuations beaten up by concerns about China's economy, slowing
global growth and lower
commodity prices, just to name a few of the headwinds facing developing markets.
With yield an ever - scarcer
commodity, relatively high rates that U.S. bonds offer alongside a strong U.S. dollar are attracting
global capital flows and pushing bond
prices higher and yields lower.
Andy, I realized this week that while I've been talking
with a lot of scientists over the past year about the signs that our
global economic resources are running out, sharp
price rises for
commodities being one, that I've never heard it mentioned in the popular press that scarcity could be caused by using things up.
Global Commodities Boom Fuels New Assault on Amazon (6/20/2008)
With soaring
prices for agricultural goods and new demand for biofuels, the clearing of the world's largest rain forest has accelerated dramatically.
With added pressure from the continued
global economic recovery, this
commodity is unlikely to see long - term
price reductions.
The report predicts that world demand for crops — whether for food, livestock feed or biofuels — will double in the next 50 years, while natural resources necessary to agriculture are becoming scarce or degraded due to the impacts of
global climate change.According to the report, areas of focus include sub-Saharan Africa,
with the report indicating that farm subsidies for
commodities such as cotton and oilseeds in wealthier countries need to be changed as they force
prices down for small farmers in developing nations.
http://www.ers.usda.gov/topics/crops/corn/background.aspx [2] «Rice yields decline
with higher night temperature from
global warming» www.pnas.org/content/101/27/9971.full [3] «This paper concludes that a stronger link between energy and nonenergy
commodity prices is likely to be the dominant influence on developments in
commodity, and especially food, markets.»
The world seems like a volatile and risky place
with the massive daily swings in the stock market, rising energy
prices, approaching fiscal cliff, slump in
commodities, ongoing European Union debt crisis and omnipresent geopolitical risks flaming up and pushing already weak U.S. and
global economies into recession once again.