Daily Masala

Here is what others are talking about this morning:

Asia stocks cheered by China trade surprise

Asian shares made their first real rally of the year after Chinese data trade data beat expectations, offering a rare shaft of light for the global economy.

Crude oil rises for first time in eight days after U.S. stocks fall

 Crude futures rose for the first time in eight days, with U.S. oil pulling further away from the widely watched $30-per-barrel level breached the previous session, after U.S. crude stocks unexpectedly fell last week.

Oil’s slide below $30 sends shockwaves far and wide

U.S. oil stumbled below $30 for the first time in 12 years to levels that threaten the survival of many U.S. shale firms, spur more belt-tightening by oil majors and spell more pain for crude-producing nations and regions.

Auto industry fears steel import curbs would hamper manufacturing operations 

Some of the top players in India’s automotive industry are worried about the government’s decision to ban production, storage and sale of steel without Bureau of Indian Standards (BIS) certification, a step that they fear would hurt, even halt, their manufacturing operations.
 

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