Morning Masala

Here is what others are saying this morning:

Asia stocks drop as oil rout deepens, yuan extends slide

Asian stocks fell on Monday and China’s yuan hit fresh 4-1/2 year lows as plunging oil prices added to investors’ nervousness about riskier assets ahead of an expected U.S. rate rise by the Federal Reserve later in the week.

Oil futures slip further after oversupply forecast

Crude oil futures slipped in early Asian trade, adding to a slump on Friday following a forecast from the International Energy Agency (IEA) that the global glut of oil is likely to deepen next year.

 Big Oil, Make Way for Big Solar. The Winners and Losers in Paris

Saving the world isn’t going to be cheap. If you sell oil, coal or old-fashioned cars, that threatens disaster. For makers of stuff like solar panels, high-tech home insulation, and efficient lighting, it’s a potential miracle.

 The Five Key Decisions Made in the UN Climate Deal in Paris

Envoys to the United Nations climate talks handed down a 31-page document on Saturday outlining their boldest steps yet to rein in global warming. Here are the key points of the text, along with comment on why the decisions made in Paris matter:

 Miners Shoveling Furiously Prop Up Aussie GDP as Iron Melts

The price of Australia’s top export has been almost slashed in half this year. That makes it all the more surprising economists increasingly see iron ore propping up growth as they assemble their 2016 forecasts.

Statutory committee to be set up to fix cottonseed price

The Centre will set up a statutory committee to study and recommend a price for cottonseeds in the country, ending over a 10-year row over the issue.

Cotton Is Piling Up at Warehouses Around the World

There’s enough cotton sitting in global warehouses to make more than 127 billion T-shirts, or 17 for each person on the planet. That’s bad news for investors betting prices will rise.


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