US ratings agency out with a note on US corporate cash holdings 19 July
- growth led by tech sector
- top 5 cash hoarders all come from tech sector with Apple holding record highs of $246.1bln
- top 5 are Apple, Microsoft, Google, Cisco, and Oracle and hold 32% of total cash held
- EMEA ( Europe, Middle East and Asia ) companies cash pile climbs to EUR 974bln at end 2016
- EMEA corp cash balances relative to revenues rose to a 7year peak of over 15% in total at end 2016
- energy,automotive, telecommunications and utilities are most cash-rich sectors in EMEA
Tech sector not in EMEA top 10 of cash hoarders by stark contrast to US
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