Daily Masala

Here is what some others are talking about this morning:

Iran boosts oil output, foreign firms keen to seal deals

Iran ordered a sharp increase in oil output to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Tehran emerges from years of international isolation.

Asia stocks subdued after retreat in Europe, oil stays bearish

Asian stocks were subdued following a retreat in European shares overnight, while crude oil prices remained bearish following the lifting of sanctions against major producer Iran.

China seen posting slowest economic growth in 25 years as policy risks grow

China is expected to report its weakest quarterly economic growth in nearly seven years, adding pressure on policymakers to take bolder steps to ward off fears of a sharper slowdown that are jolting global financial markets.

Hedge Fund Bets Signal There’s More Pain Ahead for Commodities

The commodity meltdown that pushed oil to a 12-year low and copper to the cheapest since 2009 isn’t over yet. At least, that’s how hedge funds see it.

Billionaire Ambani’s Reliance Is Gaining From $30 Crude Price

Oil’s plunge and the impact on the global economy is hurting many a billionaire. Indian tycoon Mukesh Ambani isn’t one of them.

 

 

 

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