Here’s How Royal Dutch Shell plc And BP plc Will Be Impacted By A Weak Chinese Economy
Bidness Etc discusses how European oil majors are impacted by the slowdown in the Chinese economy
By: Micheal Kaufman: Sep 25, 2015
The slowing Chinese economy has impacted the overall world economy and various other sectors. According to a Moody’s Investor service report EMEA (Europe, Middle East, and Africa)’s mining sector is totally exposed to the economic crisis, followed by the oil and gas sector. Shipping, chemicals, and auto sector are considerably impacted while some other EMEA sectors including tobacco, telecoms, real estate, healthcare, and railways will be marginally impacted, since they are more regionally focused and their credit worthiness is not genuinely exposed.
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