Here is what others are talking about this morning:
Takasago Thermal Engineering Company Limited (TTE) has acquired 26 per cent stake in cleanroom technology company Integrated Cleanroom Technologies (ICLEAN) for an undisclosed sum.
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 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 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 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.
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.