VIDEO: Cashed up, Asian companies wait, says Fidelity

Asian and European companies are building huge stockpiles of cash. But what has to happen for them to increase investing, and how much of a lift for the global economy could this create? Fidelity Worldwide Investment has surveyed its Asian and European teams of equity and credit analysts to gauge how the companies they cover are behaving in the present environment. It finds that companies are not retreating from spending, but are maintaining steady levels on IT, hiring and capex. …