Morning Masala

Here is what others are talking about this morning.

Asian stocks fragile as commodity rout stokes demand worries

Asian stock markets risked slipping to two-month lows on Wednesday as crumbling oil prices took a toll on energy and resource shares, with cooling demand from China putting more pressure on resources-reliant economies.

Oil prices edge up amid ongoing commodity downturn

Crude prices found at least temporary support early on Wednesday after the dollar weakened and China’s commodity imports came out surprisingly strong, but oversupply means prices are expected to remain low for some time.

Commodity currencies out in the cold, others subdued

The currencies of major commodity producers such as Australia and Canada nursed hefty losses early on Wednesday after suffering big falls in the past two days from a selloff in oil and bulk commodities.

When It Rains It Pours as China Unleashes Commodity Torrent

There’s no let-up in the onslaught of commodities from China. While the country’s total exports are slowing in dollar terms, shipments of steel, oil products and aluminum are reaching for new highs, according to trade data from the General Administration of Customs.

Dow Chemical, DuPont Said in Advanced Merger Talks, WSJ Says

Dow Chemical Co. and DuPont Co. are in advanced talks to merge, the Wall Street Journal reported on its website, citing people familiar with the plan who it didn’t identify.

PDS: govt losing crores in paddy processing

The government is losing thousands of crores while rice mill owners are raking in the moolah, said the Comptroller and Auditor General (CAG) in its report tabled in Parliament on Tuesday.

Govt falls short of target for power purchase from renewable sources

Even as countries worldwide are trying to reach a consensus on curbing greenhouse gas emissions at the ongoing Paris climate conference, the CAG has pulled up the government, noting that it did not reach targets for the purchase of electricity from renewable energy sources.

Chennai reconstruction to push up cement demand

Cement companies with plants in Tamil Nadu, Andhra Pradesh and Telangana are expected to see a rise in demand as Tamil Nadu takes up reconstruction after widespread floods in Chennai and Andhra Pradesh builds itself a new capital city.

Drop in jute output could boost use of synthetic bags

Even as world leaders gather in Paris to discuss climate change, jute—the world’s most environment-friendly packaging material—is quietly yielding more ground to polypropylene in India, perhaps irreversibly.

 

 

 

 

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