Morning Masala

Here is what others are talking about this morning:

Takasago Thermal of Japan buys 26% stake in ICLEAN

Takasago Thermal Engineering Company Limited (TTE) has acquired 26 per cent stake in cleanroom technology company Integrated Cleanroom Technologies (ICLEAN) for an undisclosed sum.

Golden age of coal in China seems over, peak-demand scenario possible – IEA

China could be facing peak coal demand for the first time ever as a cooling economy and structural changes in its industry hit consumption, paving the way for India to emerge as the main driver of global coal use by 2020, the International Energy Agency said.

Asian shares dip but on track for weekly gain

Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by a depreciating yuan in China and the first U.S. interest rate hike in nearly a decade.

 Gold holds losses from biggest dip in five months after Fed rate hike

Gold steadied on Friday but largely retained losses made a day earlier when the metal suffered its biggest slide in five months after the Federal Reserve hiked U.S. rates for the first time in nearly a decade.

 Goldman Takes Ax to Iron Ore Outlook as Industry Hibernates

Goldman Sachs Group Inc. took the ax to its iron ore forecasts, predicting the price will remain under $40 a ton for the next three years as China’s slowdown forces the global industry into a long period of hibernation.

 Under-invoicing by exporters is new worry for steel industry

Even as the steel industry is asking the government to fix a minimum import price, it is facing instances of exporting countries under-invoicing their consignments to pay lower duty. This has been happening particularly after the levy of a 20 per cent safeguard duty in September.

 

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