Here is what others are talking about this morning:
Asian shares hovered near four-year lows and oil prices languished at near 12-year lows on Tuesday as investors fretted over whether Beijing may be losing control of the economy.
U.S. crude prices continued a relentless dive early on Tuesday approaching a 20 percent drop since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls.
China set another firm fix for its currency on Tuesday and stepped up a verbal campaign to convince skeptical investors, and the world, that they were in control of events.
Spot gold edged higher on Tuesday, snapping two sessions of decline, as concerns over China’s economic growth and pressure on stock markets lifted the precious metal.
The plunge in the price of iron ore looks set to claim another casualty with Gindalbie Metals Ltd. questioning its future, as partner Anshan Iron and Steel Group Corp. considers withdrawing funds for their $2 billion mine.
Australia’s credit market is having its shakiest start to a year since at least 2008 as the prospects for resource and gaming companies are clouded by China’s market turmoil.
The weakening yuan and China’s waning appetite for raw materials have come around to bite the country’s shipbuilders, raising the odds that more shipyards will soon be shuttered.
What lessons have we learnt from two rounds of coal auctions? Yes, while they brought transparency to the allocation process, the policy did not break from the past. It continues to expect successful bidders to mine coal for specific end-use with a proviso that surplus coal may be offloaded in the open market.