Daily Masala

Here is what others are talking about today:

Asia stocks rise after U.S. snowstorm rescues oil price

Asian stocks moved further away from four-year lows struck last week, as the blizzard on the U.S. East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets.

Crude extends gains after surge on short-covering, cold spell

Crude oil futures extended gains following a surge at the end of last week on short-covering and fuel demand triggered by freezing weather in parts of the northern hemisphere.

Gold steady near $1,100, equities in focus

Gold steadied near a 1-1/2-week peak at just below $1,100 an ounce, with investors eyeing whether equities will come under renewed pressure and refresh safe-haven demand for bullion.

Encouraging GM food crops only way out for India: K V Thomas

With the government deciding to roll out the food security law, former Food Minister and senior Congress MP K V Thomas said encouraging Genetically Modified (GM) crops is the only way the country can feed its growing population.

Paradip refinery, an experimental lab for Indian Oil

Indian Oil Corporation’s Paradip refinery, its 11{+t}{+h}, is a test lab for two important experiments. First, a proprietary technology developed by the company to maximise output of liquefied petroleum gas (LPG) is being deployed on a commercial scale for the first time. Second, non-core refinery functions are being outsourced to contractors in a bid to keep the employee structure lean.

Hedge Funds Cut Bearish Oil Bets Before Rebound From 12-Year Low

 Hedge funds reduced record bets on falling oil prices ahead of the biggest two-day rally since 2008. West Texas Intermediate futures rebounded from a 12-year low, part of a broad rally in global markets fueled by speculation that central banks will expand stimulus measures.

 

 

 

 

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